Freeport-McMoRan Inc. (NYSE:FCX) registered a 3.35% increase, still its new closing price is 307.21% up from the company’s 1 year high of 17.06.It posted 5.54% gains in previous 5 sessions and is now the subject of 13 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 2 sells versus 1 buy or better ratings. The 20 stock analysts following this company have an average price target at $14.47, with individual PT in the $8.00-$20.00 range. The shares moved at $16.37, implying that brokerage firms see shares gaining about 270.36% in twelve months time.
Freeport-McMoRan Inc. (FCX) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 24.11% rise year to date. A Director at Freeport-McMoRan Inc. (FCX) acquired shares in a transaction closed on Thursday October 27, 2016. MATHER COURTNEY bought 150,000 shares in the company at $10.72 each and collected $1,608,000 in proceeds. MATHER COURTNEY now owns 190,523 shares in the company after this transaction. A Vice Chairman of the Board in the company, FLORES JAMES C, disclosed a transaction on Friday September 04, 2015 that ended up paying $21,340,000 from the purchase of 2,200,000 shares at $9.7 per share.
Freeport-McMoRan Inc. (NYSE:FCX) Upcoming Results on Tap
Freeport-McMoRan Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.29 in that period. Sales during the quarter are predicted to arrive at $3.79 billion.
Earnings surprise history: Last quarter, the company posted approximately $4.38 billion in revenue and EPS of $0.25. The mean forecast was for $4.48 billion and $0.34 a share, respectively. One quarter earlier, revenue for the stock was at $3.88 billion, with earnings at $0.13/share.
Freeport-McMoRan Inc. (FCX) Brokerage Update
Freeport-McMoRan Inc. (FCX) is in Berenberg’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Hold by Berenberg, according to news reported on Wednesday November 30, 2016.Another important research note was issued by Deutsche Bank on Thursday November 17, 2016.The firm downgraded FCX to Hold from Buy. Over the last six months and over the last three months, the shares of Freeport-McMoRan Inc. (FCX), have changed 26.51% and 54.73%, respectively.