Zacks Rating on Freeport-McMoran (FCX)

Freeport-McMoran (FCX) : 13 analysts are covering Freeport-McMoran (FCX) and their average rating on the stock is 2.69, which is read as a Hold. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Freeport-McMoran (FCX) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $8. The average forecast of all the analysts is $11.5 and the expected standard deviation is $2.28.


Freeport-McMoRan Inc. has lost 0.83% in the last five trading days and dropped 3.23% in the last 4 weeks. Freeport-McMoRan Inc. is up 7.83% in the last 3-month period. Year-to-Date the stock performance stands at 76.96%. Freeport-McMoran (NYSE:FCX): stock turned positive on Tuesday. Though the stock opened at $11.95, the bulls momentum made the stock top out at $12.2 level for the day. The stock recorded a low of $11.79 and closed the trading day at $11.98, in the green by 1.27%. The total traded volume for the day was 25,069,734. The stock had closed at $11.83 in the previous days trading.

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.

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