Freeport-McMoRan Inc. (NYSE:FCX) went up by 9.81% from its latest closing price compared to the recent 1-year high of $34.88. The company’s stock price has collected 20.97% of gains in the last five trading sessions. MarketWatch.com reported on 02/19/21 that Freeport-McMoRan Inc. stock rises Friday, outperforms market
Is It Worth Investing in Freeport-McMoRan Inc. (NYSE :FCX) Right Now?
Freeport-McMoRan Inc. (NYSE:FCX) scored a price-to-earnings ratio above its average ratio, recording 94.20 x from its present earnings ratio. Plus, the 36-month beta value for FCX is at 2.28. Opinions of the stock are interesting as 16 analysts out of 19 who provided ratings for Freeport-McMoRan Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $32.91, which is -$5.7 below the current price. FCX currently public float of 1.44B and currently shorts hold a 1.20% ratio of that float. Today, the average trading volume of FCX was 21.46M shares.
FCX’s Market Performance
FCX stocks went up by 20.97% for the week, with a monthly jump of 21.05% and a quarterly performance of 78.27%, while its annual performance rate touched 210.35%. The volatility ratio for the week stands at 4.67% while the volatility levels for the past 30 days are set at 5.28% for Freeport-McMoRan Inc.. The simple moving average for the period of the last 20 days is 24.37% for FCX stocks with a simple moving average of 107.34% for the last 200 days.
Analysts’ Opinion of FCX
Many brokerage firms have already submitted their reports for FCX stocks, with Citigroup repeating the rating for FCX by listing it as a “Buy.” The predicted price for FCX in the upcoming period, according to Citigroup is $36 based on the research report published on February 16th of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see FCX reach a price target of $37. The rating they have provided for FCX stocks is “Overweight” according to the report published on February 10th, 2021.
Argus gave a rating of “Buy” to FCX, setting the target price at $30 in the report published on January 05th of the current year.
FCX Trading at 32.63% 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 able to rebound, for now settling with 7.48% of gains for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 4.67%, as shares surge +24.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.52% upper at present.
During the last 5 trading sessions, FCX rose by +20.97%, which changed the moving average for the period of 200-days by +326.02% in comparison to the 20-day moving average, which settled at $30.52. In addition, Freeport-McMoRan Inc. saw 44.08% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FCX starting from WHITMIRE C DONALD JR, who sale 48,240 shares at the price of $30.84 back on Feb 12. After this action, WHITMIRE C DONALD JR now owns 75,492 shares of Freeport-McMoRan Inc., valued at $1,487,591 using the latest closing price.
ADKERSON RICHARD C, the Vice Chairman, President & CEO of Freeport-McMoRan Inc., sale 467,887 shares at $25.17 during a trade that took place back on Dec 04, which means that ADKERSON RICHARD C is holding 3,039,717 shares at $11,776,856 based on the most recent closing price.
Stock Fundamentals for FCX
Current profitability levels for the company are sitting at:
- +13.65 for the present operating margin
- +17.34 for the gross margin
The net margin for Freeport-McMoRan Inc. stands at +4.30. The total capital return value is set at 6.75, while invested capital returns managed to touch 3.03. Equity return is now at value 6.40, with 1.50 for asset returns.
Based on Freeport-McMoRan Inc. (FCX), the company’s capital structure generated 97.69 points at debt to equity in total, while total debt to capital is 49.42. Total debt to assets is 23.58, with long-term debt to equity ratio resting at 96.98. Finally, the long-term debt to capital ratio is 49.06.
When we switch over and look at the enterprise to sales, we see a ratio of 3.80, with the company’s debt to enterprise value settled at 0.19. The receivables turnover for the company is 10.76 and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.