Extremely important negative changes in investment behavior have recently occurred for Freeport-McMoRan Inc (NYSE: FCX): negative upside/downside volume developed, and its shorter term price trend turned down.
Notable negative changes in fundamentals have recently occurred for Freeport-McMoRan Inc (NYSE: FCX). Negative developments: the stock’s power rating fell below 50, significant quarterly sales deceleration occurred, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Freeport-McMoRan has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Freeport-McMoRan has a neutral Appreciation Score of 58 and a neutral Power Rating of 43, with the Neutral Value Trend Rating the result.
Recent Price Action
Freeport-McMoRan Inc (NYSE: FCX) stock closed at $42.79 on 12/5/24 after a slight decline of -0.6%. NORMAL trading volume accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -1.6% during the last week.
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