News articles about Freeport-McMoRan (NYSE:FCX) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Freeport-McMoRan earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the natural resource company an impact score of 45.807869074274 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Brokerages Expect Freeport-McMoRan Inc (FCX) to Post $0.60 Earnings Per Share (americanbankingnews.com)
- Stock to Track: Freeport-McMoRan Inc. (FCX) – MostVolatileStocks (press release) (mostvolatilestocks.com)
- Freeport-McMoRan Inc. (FCX) projected to achieve 131.60% earnings growth for this year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Higher Risky stock is more profitable: Freeport-McMoRan Inc. (FCX) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Technical Indicators under Review: Freeport-McMoRan Inc (NYSE: FCX) – Alpha Beta Stock (alphabetastock.com)
Freeport-McMoRan (NYSE:FCX) traded up $0.44 during mid-day trading on Tuesday, reaching $18.49. 16,663,999 shares of the company’s stock were exchanged, compared to its average volume of 19,847,910. The company has a quick ratio of 1.37, a current ratio of 2.14 and a debt-to-equity ratio of 1.04. Freeport-McMoRan has a 52 week low of $11.05 and a 52 week high of $20.25. The stock has a market capitalization of $26,582.42, a price-to-earnings ratio of 14.91 and a beta of 2.42.
A number of equities research analysts have weighed in on the stock. TheStreet raised shares of Freeport-McMoRan from a “c” rating to a “b-” rating in a report on Thursday, January 25th. Goldman Sachs assumed coverage on shares of Freeport-McMoRan in a report on Tuesday. They issued a “buy” rating and a $23.00 price target for the company. Stifel Nicolaus upped their price target on shares of Freeport-McMoRan from $16.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, February 6th. Bank of America reissued an “underperform” rating and issued a $16.00 price target (up from $15.00) on shares of Freeport-McMoRan in a report on Friday, January 26th. Finally, Zacks Investment Research downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.06.
In other news, VP C Donald Whitmire, Jr. sold 21,500 shares of the company’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $19.49, for a total value of $419,035.00. Following the transaction, the vice president now owns 70,239 shares in the company, valued at approximately $1,368,958.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is owned by corporate insiders.
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Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
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