Published: Sun, April 02, 2017
Health Care | By Kelly Miles

The Freeport-McMoRan Inc (FCX) Bonds Rise 3.8% During Trading

The Freeport-McMoRan Inc (FCX) Bonds Rise 3.8% During Trading

A lower P/B ratio could mean that the stock is undervalued. "Outperform View" rating was revealed by 2 and "Underperform Signal" rating was issued by 2.

While looking at the Stock's Performance, Freeport-McMoRan Inc. now shows a Weekly Performance of 3.74%, where Monthly Performance is -4.86%, Quarterly performance is -1.92%, 6 Months performance is 22% and yearly performance percentage is 28.72%. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold.

Analysts polled by Thomson Reuters have set a consensus target price of ${{t8}} on shares. According to 19 analysts, Price Target for Freeport-McMoRan Inc. (NYSE:FCX) is $14.89 while their mean recommendation is 2.90 (1=Buy, 5=sell). Also, VP C Donald Whitmire, Jr. sold 2,525 shares of the firm's stock in a transaction dated Thursday, February 16th. JP Morgan Reinstates the company's stock to Neutral on 2/09/17 with no specific Price Target.

In his updated research note issued to clients yesterday, Mr. LaFemina stated that Freeport-McMoRan's upcoming agreement with the Indonesian government is likely to allow copper concentrate exports from Grasberg temporarily. (FCX) to Sell with no specific Price Target. FBR & Co upped their target price on Freeport-McMoRan from $12.00 to $13.00 and gave the company a "mkt perform" rating in a report on Friday, February 3rd. The number they've arrived at is calculated by Zacks.com, long known as a provider of top-notch investment research. The stock gained a consensus recommendation of 2.2 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell.

In the last Quarter, Freeport-McMoRan Inc. (NYSE:FCX) dialed in an EPS of $0.25, creating a Surprise Factor of -21.88% (the difference between analyst projections and actual numbers).

LIMA, March 30 Workers at Peru's biggest copper mine, Freeport-McMoRan Inc's Cerro Verde, will resume work on Friday after voting to end a almost three-week strike that had halved output, the union said on Thursday. Equities analysts predict that Freeport-McMoRan Inc will post $1.07 EPS for the current year. (NYSE:FMC) reported its EPS in the last quarter as $0.88/Share lagging the analyst estimate of $0.89/Share by the difference of $-0.01. Thus the company showed an Earnings Surprise of -26.5 Percent.

China confirms return of Kim Jong-nam's body
The Prime Minister was on a six-day official visit to India, and would proceed to New Delhi later this evening. On Thursday, Mr Najib had announced the return of the body, but did not mention Mr Kim by name.

Schumer Will Oppose Gorsuch, Blumenthal Hasn't Decided Yet
Richard Blumenthal said he still hasn't decided whether or not he'll vote for President Donald Trump's Supreme Court nominee. Republicans would need eight votes from the remaining 36 Democrats and one other Independent to reach the 60-vote threshold.

Dalai Lama recalls flight to India ahead of northeast trip
India says China is occupying 38,000 square kilometers (15,000 square miles) of its territory on the Aksai Chin plateau. We have asked India to stick to its political pledges and not to hurt China-India relations.

Shares of Freeport-McMoRan Inc (NYSE:FCX) opened at 13.31 on Friday.

In the most recent session, (NYSE:) shares have traded {{p2}}.

The 52 week high of Freeport-McMoran Copper & Gold's shares is 17.06 whilst the 52 week low for the company's shares is 8.76. The share price of the stock surged 11.92% for the year. The company has a 50-day moving average of $13.40 and a 200-day moving average of $13.25. The Moving Average SMA50 is -6.85% while SMA200 is 4.43%. Freeport-McMoRan had a negative net margin of 28.09% and a positive return on equity of 3.52%. The Stock now has a Weekly Volatility of 3.72% and Monthly Volatility of 3.62%.

Looking about the past performance history, the company jumped 3.74% in past week and declined -4.86% in one month. The Relative Volume value measured for Freeport-McMoRan Inc.

If we look at the Volatility of the company, Week Volatility is 3.01%, whereas Month Volatility is at 3.46%. SHFE COPPER: Shanghai Futures Exchange copper edged up by 0.6 percent to 47750 yuan ($6,931) a tonne. FCX has P/E (Price to Earnings ttm) value of 0, Forward P/E of 9.79, P/C (Price to cash per share) of 4.54 and Price to Free Cash Flow (P/FCF) value of 17.76.

Like this: