For the readers interested in the stock health of Freeport-McMoRan Inc. (FCX). It is currently valued at $38.08. When the transactions were called off in the previous session, Stock hit the highs of $39.10, after setting-off with the price of $37.89. Company’s stock value dipped to $37.31 during the trading on the day. When the trading was stopped its value was $37.49.
Recently in News on February 3, 2021, Freeport-McMoRan Announces Reinstatement of Common Stock Dividend and Adoption of Performance Based Payout Policy. Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors has reinstated a cash dividend on its common stock at an annual rate of $0.30 per share. FCX’s previous cash dividend on its common stock was $0.20 per share prior to suspending these payments in April 2020 in connection with its comprehensive response to the global pandemic. The Board intends to declare a quarterly dividend of $0.075 per share, with the initial quarterly dividend expected to be paid on May 1, 2021. 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 $39.10 on 02/22/21, with the lowest value was $24.71 for the same time period, recorded on 01/27/21.
Freeport-McMoRan Inc. (FCX) full year performance was 218.93%
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 1.07% during the 52-week period from high price, and 690.04% 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 $37.67.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 33172556 for the day, which was evidently higher, 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 46.35%, having the revenues showcasing 83.87% 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 50.58B, as it employees total of 24500 workers.
Analysts verdict on Freeport-McMoRan Inc. (FCX)
During the last month, 14 analysts gave the Freeport-McMoRan Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 4 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 24.05, with a change in the price was noted +22.18. In a similar fashion, Freeport-McMoRan Inc. posted a movement of +139.50% for the period of last 100 days, recording 20,507,807 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 0.95 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.95.
Freeport-McMoRan Inc. (FCX): Technical Analysis
Raw Stochastic average of Freeport-McMoRan Inc. in the period of last 50 days is set at 93.35%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 92.91%. In the last 20 days, the company’s Stochastic %K was 94.74% and its Stochastic %D was recorded 94.22%.
Let’s take a glance in the erstwhile performances 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 46.35%. Additionally, trading for the stock in the period of the last six months notably improved by 159.05%, alongside a boost of 218.93% for the period of the last 12 months. The shares increased approximately by 21.93% in the 7-day charts and went down by 26.76% in the period of the last 30 days. Common stock shares were driven by 83.87% during last recorded quarter.