Freeport-McMoran (FCX) : During the past 4 weeks, traders have been relatively bearish on Freeport-McMoran (FCX), hence the stock is down -15.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.73% relative to the S&P 500. The 4-week change in the price of the stock is -16.96% and the stock has fallen -3.21% in the past 1 week.
The stock has recorded a 20-day Moving Average of 8.28% and the 50-Day Moving Average is 15.48%.The 200 Day SMA reached 3.97% Freeport-McMoRan Inc. has dropped 10.77% during the last 3-month period . Year-to-Date the stock performance stands at 46.82%.
Freeport-McMoran (FCX) : The highest short term price target forecast on Freeport-McMoran (FCX) is $15 and the lowest target price is $7. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $11 with a standard deviation of $2.53.
Company shares have received an average consensus rating of Hold for the current week Freeport-McMoran (NYSE:FCX): The stock opened at $9.6 and touched an intraday high of $9.99 on Friday. During the day, the stock corrected to an intraday low of $9.51, however, the bulls stepped in and pushed the price higher to close in the green at $9.94 with a gain of 1.64% for the day. The total traded volume for the day was 36,057,913. The stock had closed at $9.78 in the previous trading session.
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. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations. The Companys portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in North America. The Company is also engaged in operating copper conversion facilities located in North America, and a refinery, three rod mills and a specialty copper products facility. The Companys Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes.