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Highly Traded Stock: Freeport-McMoRan Inc. (FCX)

Highly Traded Stock: Freeport-McMoRan Inc. (FCX)

Highly Traded Stock: Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan (FCX), the world's second-largest copper miner (GLNCY) (VALE) (SCCO), released its 1Q17 earnings on April 25. After a recent check, company stock has been trading near the $12.40 mark. Cowen and Company reissued a "buy" rating on shares of Freeport-McMoRan in a research note on Tuesday, April 11th.

In other news, COO Harry M. Iv Conger sold 77,500 shares of the firm's stock in a transaction that occurred on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock closing price is now trading downward to its 50 day moving average with change of -0.70%, escalated to its 20 day moving average with figure of 0.16% and above its 200 day moving average with value 11.58%.

Shares of Freeport-McMoRan (NYSE:FCX) opened at 13.10 on Monday.

Freeport-McMoran Copper & Gold, Inc. has a 50 day moving average of 12.82 and a 200 day moving average of 13.62. The company has market cap of $18.93 billion. The stock has relative volume of 1.65. Enterprise Value is commonly used by value investors to help spot undervalued companies.

The share price of the company (NYSE:FCX) was up +7.11%, with a high of 13.36 during the day and the volume of Freeport-McMoran Copper & Gold, Inc. shares traded was 50570501. Adjusted earnings-per-share were 15 cents, compared with the FactSet consensus of 16 cents.

The present return on equity (ROE) stands at -89.90%, while the debt to equity is at 2.65. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.51 billion. The difference between the expected and actual EPS was $-0.09/share, which represents an Earnings surprise of -26.5%.

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In case of Revenue Estimates, 3470000 analysts have provided their consensus Average Revenue Estimates for Freeport-McMoRan Inc.as 10000. Freeport-McMoRan Inc. (NYSE:FCX) shares have been recently spotted -27.32% away from the 52-week high, and 34.20% away from the 52-week low mark. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global copyright & trademark laws. For the current year, analysts are predicting earnings of $0.08 per share according to First Call. Earnings per share serves as an indicator of a company's profitability. Also, Director Jon C/ Madonna sold 14,000 shares of the company's stock in a transaction on Wednesday, February 1st. The shares were sold at an average price of $15.42, for a total transaction of $888,500.40. Following the sale, the director now owns 61,080 shares of the company's stock, valued at $1,014,538.80. The disclosure for this sale can be found here.

FCX has been the topic of a number of other reports.

Several sell side analysts reviewed their recommendations on Freeport-McMoRan Inc.

The company reported an impressive total revenue of 14.83 Billion in the last fiscal year. Checchi Capital Advisers LLC increased its stake in Freeport-McMoRan by 30.2% in the third quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. State of New Jersey Common Pension Fund D boosted its position in Freeport-McMoRan by 521.4% in the first quarter.

Shares of Yamana Gold Inc. ROIC may be a good measure to view when examining whether or not a company is able to invest wisely. The brokerage now has a "buy" rating on the natural resource company's stock. Berenberg Downgrades Freeport-McMoRan Inc.

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