Freeport-McMoran (FCX) has an average broker rating of 2.71, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 3 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Freeport-McMoran (FCX) : Average target price received by Freeport-McMoran (FCX) is $11.5 with an expected standard deviation of $2.28. The most aggressive target on the stock is $15, whereas the most downbeat target is $8. 11 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Freeport-McMoran (NYSE:FCX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.15 and $11.93 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.11, notching a gain of 0.75% for the day. The total traded volume was 21,594,116 . The stock had closed at $12.02 on the previous day.
In a related news, Flores James C, (Vice Chairman of the Board) of Freeport-Mcmoran Inc, had purchased 2,200,000 shares on September 4, 2015. The total value of the transaction was $21,340,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations. The Companys portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in North America. The Company is also engaged in operating copper conversion facilities located in North America, and a refinery, three rod mills and a specialty copper products facility. The Companys Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes.