Freeport-McMoran (NYSE:FCX) has climbed 7.53% in the past week and advanced 0.54% in the last 4 weeks. The company has outperformed the S&P 500 by 8.82% in the past week but underperformed the index by 0.38% in the last 4 weeks.
Freeport-McMoran (NYSE:FCX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.03 and $10.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.14, notching a gain of 3.34% for the day. The total traded volume was 40,800,100 . The stock had closed at $10.78 on the previous day.
The company shares have dropped -43.65% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $21.17 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.28 and the 200 Day Moving Average price is recorded at $8.63.
On the companys insider trading activities, Flores James C, (Vice Chairman of the Board) of Freeport-Mcmoran Inc, executed a transaction worth $21,340,000 on September 4, 2015. A total of 2,200,000 shares were purchased at an average price of $9.7. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Goldman Sachs initiates coverage on Freeport-McMoran (NYSE:FCX). The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs announces the current price target of $12 per share on Freeport-McMoran . The rating by the firm was issued on May 19, 2016. Currently the company Insiders own 3.13% of Freeport-McMoran shares according to the proxy statements. Institutional Investors own 68.46% of Freeport-McMoran shares.
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.