Ratings Analysis of: Freeport-McMoRan Inc. (NYSE:FCX)

Freeport-McMoRan Inc. (NYSE:FCX) shares now have a mean rating of 3.10 while 2 analysts have recommended the shares as “BUY”, 1 commented as “OUTPERFORM” and 13 commented as “HOLD”. The highest analyst price target is $20.00, which implies a rally of 79 percent.

According to the most recent brokerage reports which have been released state that 1 brokers have issued a rating of “buy”, 2 brokers “outperform”, 13 brokers “hold”, 2 brokers “underperform” and 2 brokers “sell”. There are 13 equity research firms advocating a Hold and 1 consider it Sell.

Freeport-McMoRan Inc. (NYSE:FCX) has its dividend (annual) of 0 while its Dividend Yield (annual) is 0%. Its 52-week High Value is $17.06 while its 52-week Low value is $4.21.

Freeport-McMoRan Inc opened for trading at $15.72 and hit $15.75 on the upside on Monday, eventually ending the session at $15.72, with a gain of 1.35% or 0.21 points. You can see the complete list of today’s Zacks #1 Rank stocks here.

Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets oil and natural gas resources and a production profile.

The company is also being asked to pay a further $93 million for similar taxes and penalties for August 2015 to December 2016, it said. Capital Research Global Investors now owns 139,981,480 shares of the natural resource company’s stock valued at $1,520,199,000 after buying an additional 25,806,187 shares during the period. Following the completion of the transaction, the insider is left with a stake of 10,897,096 shares, amounting $179802084.

The company also generated positive earnings in the final quarter, compared with the big loss of $3.47 per share in the prior year period.

Market capitalization is the total market value of all of a company’s outstanding shares. However, the actual figures were lower than estimates, resulting in a drag for the company’s financials. However price change of the stock was 0.81% on seventh day of the earnings report.

Earnings reaction history indicates that share price went up 14 times out of last 28 quarters. Kathleen L. Quirk is ranked as third insider holder of the stock.

Hedge funds have recently bought and sold shares of the company.

Freeport-McMoRan Inc (NYSE:FCX) have shown a low EPS growth of -34.90% in the last 5 years and has earnings growth of 105.10% yoy.

Average unit net cash costs were $1.20 per pound of copper for fourth-quarter 2016 and $1.26 per pound of copper for the year 2016. After adjusting for net charges totaling $59 million, $0.04 per share, fourth-quarter 2016 adjusted net income attributable to common stock totaled $351 million, $0.25 per share.

The growth estimate for Bank of America Corporation (NYSE:BAC) for the current quarter is 21.4 percent. The difference between the expected and actual EPS was $-0.05/share, which represents an Earnings surprise of -27.8%.