Growth Analysis of Freeport-McMoran, Inc. (NYSE:FCX)

Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions. On average, analysts expect that Freeport-McMoRan Inc will post $1.02 EPS for the current fiscal year. (FCX) is at 37.27. Quantitative Investment Management Llc acquired 639,900 shares as Freeport (FCX)'s stock rose 23.39%. Finally, Johnson Investment Counsel Inc. increased its stake in Freeport-McMoRan by 6.4% in the third quarter. The stock was sold at an average price of $15.22, for a total transaction of $38,430.50. Jefferies Group LLC set a $16.00 target price on Freeport-McMoRan and gave the stock a "buy" rating in a research note on Tuesday, January 3rd. There is no concrete way to calculate a price target. They now have a United States dollars 19 price target on the stock. The most recent short interest data show 4.7% of the company's stock are short sold. The company has price to cash ratio of 4.40. Investors will be eagerly watching to see if the firm beats or misses on the earnings front. Following the completion of the sale, the director now directly owns 61,080 shares of the company's stock, valued at approximately $1,014,538.80. The stock has earnings growth of 31.30% yoy and showed a high EPS growth of 17.00% over the past five years. These analysts have also projected a Low Estimate of $0.01/share and a High Estimate of $0.38/share.

Freeport-McMoRan Inc (NYSE:FCX) traded up 1.594% during midday trading on Monday, reaching $12.425. The analysts estimated EPS for the higher end at 0.46 and lower end at 0.09 while the year ago reported earnings per share was 0.26. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income.

According to sentiments of 10 analysts the company is expected to report revenues of $3.48B for the current quarter. First-quarter 2017 copper sales were lower than first-quarter 2016 sales of 1.0 billion pounds, mainly reflecting lower volumes from North America and Indonesia. For the last period, the company reported quarter over quarter EPS growth of 106.50% and quarter over quarter sales growth of 24.50%. (MU)'s latest closing price distance was 32.01% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 2.06% and -5.10% compared with the 20 Day Moving Average. Moving averages can be very helpful for identifying peaks and troughs.




Let's also take a brief look at the stock price in relation to some highs/lows and moving averages.

FCX, formerly Freeport-McMoRan Copper & Gold Inc., is a mining giant that is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining of copper concentrates. In this case, shares are down -23.21% from $17.06, the 52-week high touched on January 24, 2017, and are keeping their losses at 15.42% for the past 12 months. HSBC's TP would suggest a potential upside of 9.58% from the company's current stock price. The stock now has Monthly Volatility of 1.54% and Weekly Volatility of 1.65%.

TRADEMARK VIOLATION NOTICE: "Freeport-McMoRan Inc (FCX) Downgraded to "Buy" at Vetr Inc." was originally posted by Transcript Daily and is the sole property of of Transcript Daily. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

(Copyright © 2015. All Rights Reserved.)
 
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