The company is estimating to achieve earnings per share (EPS) growth of -26.40% in this year and the earnings per share (EPS) growth expected to be 8.35% in the next year.
On average, analysts expect that Freeport-McMoRan will report full-year sales of $19.18 billion for the current financial year, with estimates ranging from $18.65 billion to $19.70 billion. During the same period in the prior year, the company earned $0.15 earnings per share. As a company's earnings per share being to rise, so does their market value per share. Its monthly volatility value of 1.52% and volatility for the week is valued at 1.06%. Zacks' EPS calculations are an average based on a survey of sell-side research firms that cover Freeport-McMoRan. Freeport-McMoRan Inc. (FCX) has made its way to a 12-month gain of 35.83%. The natural resource company reported $0.46 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.56 by ($0.10).
According to 7 analysts, the Average Revenue Estimate for the current Fiscal quarter is $5.01 Billion and the Low Revenue estimate is $4.81 Billion, while the High Revenue estimate is $5.34 Billion. Freeport-McMoRan had a net margin of 11.08% and a return on equity of 16.57%.
Quarterly Revenue Growth on year-over-year basis stands at 45.7 percent.
The benchmark US 10-year Treasury yield, which moves inversely to its price, hit 3.06 percent on Tuesday, its highest read since 2011.
FCX has been the topic of several recent analyst reports. The mean rating score for this stock is at 1.60. CIBC raised shares of Freeport-McMoRan from a "neutral" rating to a "sector outperform" rating and set a $20.00 price target for the company in a research report on Tuesday, May 1st. TheStreet upgraded shares of Freeport-McMoRan from a "c" rating to a "b-" rating in a report on Thursday, January 25th. The investment managers in our database now own: 989.88 million shares, up from 961.13 million shares in 2017Q3. Analysts at BofA/Merrill Downgrade the shares of AK Steel Holding Corporation from Buy to Underperform when they released a research note on January 31st, 2018, but they now have set a price target of $100, which is an increase from the previous $88. BMO Capital Markets set a $17.00 price objective on shares of Freeport-McMoRan and gave the stock a "hold" rating in a report on Tuesday, April 24th. The stock decreased 1.48% or $0.24 during the last trading session, reaching $15.96. The company was maintained on Thursday, December 1 by UBS. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Institutional investors own 71.30% of the total shares while 1442.48 shares are float. Inc. grew its position in shares of Freeport-McMoRan by 756.8% during the fourth quarter.
Cocrystal Pharma Inc (COCP) shares are moving today on volatility 11.05% or $0.21 from the open. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock.
If we look at the Volatility of Freeport-McMoRan Inc.
Agilent Technologies, Inc. (A) shares declined -9.7% and ended the day at $62.5. Princeton Capital Management LLC acquired a new position in shares of Freeport-McMoRan during the first quarter worth about $101,000. Advisor Partners LLC increased its stake in shares of Freeport-McMoRan by 5.2% in the 4th quarter. The NASDAQ listed company saw a recent bid of $2.11 and 301375 shares have traded hands in the session. Advisor Partners LLC now owns 52,835 shares of the natural resource company's stock worth $1,055,000 after acquiring an additional 2,610 shares during the last quarter. The stock closing price is now trading downward to its 50 day moving average with change of -8.03%, tumbled to its 20 day moving average with figure of -2.82% and behind its 200 day moving average with value -2.40%. The consensus recommendation for stock is 2.80. Shareholders of record on Friday, April 13th were paid a $0.05 dividend. It has a dividend yield of 1.23%.
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Freeport-McMoRan Inc engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. It primarily explores for gold, copper, iron, and antimony. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.