Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Freeport-McMoRan Inc (NYSE: FCX) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Freeport-McMoRan Inc (NYSE: FCX) stock closed at $38.98 on 1/10/25 after a modest decline of -1.9%. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 2.4% during the last week.
Current PriceTarget Research Rating
Freeport-McMoRan has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Freeport-McMoRan has a neutral Appreciation Score of 59 but a very low Power Rating of 14, triggering the Negative Value Trend Rating.
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