Can Freeport-McMoRan Inc. (FCX) Remain Competitive?

Freeport-McMoRan Inc. (NYSE:FCX) went up by 0.31% from its latest closing price compared to the recent 1-year high of $16.51. The company’s stock price has collected 4.39% of gains in the last five trading sessions. MarketWatch.com reported on 09/01/20 that Here are the big winners among U.S. stocks during a sizzling August

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Is It Worth Investing in Freeport-McMoRan Inc. (NYSE :FCX) Right Now?

FCX currently public float of 1.44B and currently shorts hold a 2.20% ratio of that float. Today, the average trading volume of FCX was 19.99M shares.

FCX’s Market Performance

FCX stocks went up by 4.39% for the week, with a monthly jump of 19.09% and a quarterly performance of 52.23%, while its annual performance rate touched 56.73%. The volatility ratio for the week stands at 2.81% while the volatility levels for the past 30 days are set at 3.23% for Freeport-McMoRan Inc.. The simple moving average for the period of the last 20 days is 6.91% for FCX stocks with a simple moving average of 46.26% for the last 200 days.

Analysts’ Opinion of FCX

Many brokerage firms have already submitted their reports for FCX stocks, with Morgan Stanley repeating the rating for FCX by listing it as a “Equal-Weight.” The predicted price for FCX in the upcoming period, according to Morgan Stanley is $12.50 based on the research report published on August 4th of the current year 2020.

Barclays, on the other hand, stated in their research note that they expect to see FCX reach a price target of $14. The rating they have provided for FCX stocks is “Equal Weight” according to the report published on July 20th, 2020.

Scotiabank gave a rating of “ Sector Outperform” to FCX, setting the target price at $12.50 in the report published on April 27th of the current year.

FCX Trading at 15.65% from the 50-Day Moving Average

After a stumble in the market that brought FCX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.61% of loss for the given period.

Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares surge +16.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.71% upper at present.

During the last 5 trading sessions, FCX rose by +4.39%, which changed the moving average for the period of 200-days by +41.34% in comparison to the 20-day moving average, which settled at $15.47. In addition, Freeport-McMoRan Inc. saw 25.08% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FCX starting from QUIRK KATHLEEN L, who bought 85,000 shares at the price of $10.03 back on Mar 05. After this action, QUIRK KATHLEEN L now owns 1,144,324 shares of Freeport-McMoRan Inc., valued at $852,601 using the latest closing price.

ADKERSON RICHARD C, the Vice Chairman, President & CEO of Freeport-McMoRan Inc., bought 250,000 shares at $10.02 during a trade that took place back on Mar 05, which means that ADKERSON RICHARD C is holding 2,739,023 shares at $2,505,725 based on the most recent closing price.

Stock Fundamentals for FCX

Current profitability levels for the company are sitting at:

  • +4.66 for the present operating margin
  • +8.28 for the gross margin

The net margin for Freeport-McMoRan Inc. stands at -1.71. The total capital return value is set at 2.37, while invested capital returns managed to touch -1.22. Equity return is now at value -7.00, with -1.60 for asset returns.

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Based on Freeport-McMoRan Inc. (FCX), the company’s capital structure generated 108.35 points at debt to equity in total, while total debt to capital is 52.00. Total debt to assets is 24.69, with long-term debt to equity ratio resting at 0.98. Finally, the long-term debt to capital ratio is 107.82.

Currently, EBITDA for the company is +687.00 M with total debt to EBITDA at 4.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.45, with the company’s debt to enterprise value settled at 0.29. The receivables turnover for the company is 11.54 and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.47.

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