Let’s start up with the current stock price of Freeport-McMoRan Inc. (FCX), which is $24.86 to be very precise. The Stock rose vividly during the last session to $25.10 after opening rate of $23.96 while the lowest price it went was recorded $23.96 before closing at $24.63.
Recently in News on December 14, 2020, Freeport-McMoRan Completes Sale of Undeveloped Project in the Democratic Republic of Congo for $550 Million. Freeport-McMoRan Inc. (NYSE: FCX) announced today that it has completed a sale of its interests in the Kisanfu undeveloped project to a wholly owned subsidiary of China Molybdenum Co., Ltd. (CMOC) for $550 million. After-tax net cash proceeds approximate $415 million. You can read further details here
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Freeport-McMoRan Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.43 on 12/04/20, with the lowest value was $4.82 for the same time period, recorded on 03/19/20.
Freeport-McMoRan Inc. (FCX) full year performance was 95.59%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Freeport-McMoRan Inc. shares are logging -2.24% during the 52-week period from high price, and 415.77% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $4.82 and $25.43.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 13453705 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Freeport-McMoRan Inc. (FCX) recorded performance in the market was 89.48%, having the revenues showcasing 58.55% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 36.25B, as it employees total of 27500 workers.
The Analysts eye on Freeport-McMoRan Inc. (FCX)
During the last month, 12 analysts gave the Freeport-McMoRan Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 18.04, with a change in the price was noted +11.92. In a similar fashion, Freeport-McMoRan Inc. posted a movement of +92.12% for the period of last 100 days, recording 19,138,797 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FCX is recording 1.09 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.08.
Technical rundown of Freeport-McMoRan Inc. (FCX)
Raw Stochastic average of Freeport-McMoRan Inc. in the period of last 50 days is set at 93.62%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 85.93%. In the last 20 days, the company’s Stochastic %K was 84.23% and its Stochastic %D was recorded 82.18%.
Considering, the past performance of Freeport-McMoRan Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 89.48%. Additionally, trading for the stock in the period of the last six months notably improved by 124.37%, alongside a boost of 95.59% for the period of the last 12 months. The shares increased approximately by 4.45% in the 7-day charts and went down by 17.76% in the period of the last 30 days. Common stock shares were driven by 58.55% during last recorded quarter.