At the end of the latest market close, Freeport-McMoRan Inc. (FCX) was valued at $45.41. In that particular session, Stock kicked-off at the price of $43.85 while reaching the peak value of $45.44 and lowest value recorded on the day was $43.37. The stock current value is $44.49.Recently in News on December 21, 2022, Freeport-McMoRan Declares Quarterly Cash Dividends on Common Stock. Freeport-McMoRan Inc. (NYSE: FCX) announced today that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2023, to shareholders of record as of January 13, 2023. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX’s performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX’s financial results, cash requirements, global economic conditions and other factors it deems relevant. You can read further details here
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 $46.38 on 01/18/23, with the lowest value was $37.59 for the same time period, recorded on 01/03/23.
Freeport-McMoRan Inc. (FCX) full year performance was 3.91%
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 -13.68% during the 52-week period from high price, and 80.16% 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 $24.69 and $51.54.
The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 5389731 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 19.70%, having the revenues showcasing 60.39% 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 63.09B, as it employees total of 24700 workers.
Analysts verdict on Freeport-McMoRan Inc. (FCX)
During the last month, 9 analysts gave the Freeport-McMoRan Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 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 34.74, with a change in the price was noted +13.10. In a similar fashion, Freeport-McMoRan Inc. posted a movement of +41.59% for the period of last 100 days, recording 14,853,036 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 0.71 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.65.
Freeport-McMoRan Inc. (FCX): Technical Analysis
Raw Stochastic average of Freeport-McMoRan Inc. in the period of last 50 days is set at 86.00%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 81.32%. In the last 20 days, the company’s Stochastic %K was 82.55% and its Stochastic %D was recorded 79.99%.
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 19.70%. Additionally, trading for the stock in the period of the last six months notably improved by 57.74%, alongside a boost of 3.91% for the period of the last 12 months. The shares increased approximately by 0.69% in the 7-day charts and went down by 21.75% in the period of the last 30 days. Common stock shares were driven by 60.39% during last recorded quarter.