Freeport-McMoRan Inc (NYSE: FCX) has reported earnings for its third fiscal quarter (ending September 30) of $0.36 versus $0.31 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $1.38 compared to $1.50 a year ago.
Recent Price Action
Freeport-McMoRan Inc (NYSE: FCX) stock increased 1.2% on 10/22/24. The shares closed at $48.53. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, FCX is expected to continue to be an important Value Builder.
Freeport-McMoRan has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Freeport-McMoRan has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 63, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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