News headlines about Freeport-McMoran (NYSE:FCX) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Freeport-McMoran earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the natural resource company an impact score of 46.4030905876678 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s analysis:
- Active Stock Evaluation: Freeport McMoRan Inc (NYSE: FCX) – Alpha Beta Stock (alphabetastock.com)
- Freeport closes access road at Indonesia’s Grasberg mine after shooting (finance.yahoo.com)
- Freeport Indonesia closes mine access road again after shooting (finance.yahoo.com)
- Freeport’s Indonesia Issues Just Keep Increasing (finance.yahoo.com)
- Freeport-McMoran, Inc. (FCX) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
Freeport-McMoran (NYSE:FCX) traded down $0.75 during midday trading on Tuesday, hitting $13.68. 9,993,385 shares of the stock traded hands, compared to its average volume of 21,486,330. Freeport-McMoran has a 1-year low of $11.05 and a 1-year high of $17.06. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.02 and a quick ratio of 1.32. The firm has a market cap of $20,650.00, a price-to-earnings ratio of 15.84 and a beta of 2.55.
Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings results on Wednesday, October 25th. The natural resource company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Freeport-McMoran had a net margin of 6.20% and a return on equity of 13.35%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 11.2% on a year-over-year basis. equities research analysts expect that Freeport-McMoran will post 1.07 earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Freeport-McMoran in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Freeport-McMoran from a “buy” rating to a “hold” rating in a research note on Monday. Raymond James Financial, Inc. assumed coverage on shares of Freeport-McMoran in a research note on Tuesday, August 15th. They set a “market perform” rating and a $15.00 price target on the stock. FBR & Co reaffirmed a “market perform” rating and set a $13.00 price target (up previously from $12.00) on shares of Freeport-McMoran in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Freeport-McMoran in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.54.
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In other news, COO Harry M. Iv Conger bought 36,180 shares of Freeport-McMoran stock in a transaction on Thursday, September 7th. The stock was purchased at an average cost of $15.23 per share, with a total value of $551,021.40. Following the purchase, the chief operating officer now directly owns 73,943 shares of the company’s stock, valued at approximately $1,126,151.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.29% of the company’s stock.
Freeport-McMoran Company Profile
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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