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Tuesday, March 21, 2023

Taking On Challenges And Growing? – Freeport-McMoRan Inc. (FCX)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Freeport-McMoRan Inc. (FCX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 0.25%, to $44.09. The Freeport-McMoRan Inc. has recorded 237,873 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Freeport-McMoRan Fourth-Quarter and Year Ended 2022 Financial and Operating Results Release Available on its Website.

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Stocks Info

This NYSE-listed company operates within the Copper industry segment, falling under the Basic Materials sector. At the end of the last regular session, the stock closed at $43.98 and fluctuated between $45.02 as its day high and $43.95 as its day low. The current market capitalization of Freeport-McMoRan Inc. is $63.75B. A total of 8.85 million shares were traded on the day, compared to an average of 13.35M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FCX has seen 4 BUY and 3 SELL insider trades, representing the acquisition of 675,000 and the disposition of 590,566 shares. Over the last 12 months, there were 45 BUYs and 21 SELLs from insiders. Insiders purchased 2,702,911 shares during that period but sold 1,867,342.

In the most recent transaction, Currault Douglas N. II sold 75,000 shares of FCX for 40.25 per share on Dec 02. After the transaction, the Senior VP & General Counsel now owns 136,432 company shares. In a previous transaction on Aug 29, Lance Ryan Michael bought 31,000 shares at 31.88 per share. FCX shares that Director owns now total 32,132.

Among the insiders who bought shares, Lewis Sara Grootwassink acquired of 3,000 shares on Aug 03 at a per-share price of $28.79. This resulted in the Director holding 13,800 shares of FCX after the transaction. In another insider transaction, MCCOY DUSTAN E sold 8,200 shares at $39.24 per share on May 31. Company shares held by the Director now total 134,400.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Freeport-McMoRan Inc. pays an annual dividend of $0.60, resulting in a dividend yield of 1.36%, and it has a price to earnings (P/E) ratio of 13.32. FCX’s most recent ex-dividend date was 1/12/2023 when it declared a $0.15 quarterly dividend that was paid in cash on 2/1/2023. Previously, the company paid the dividend on 11/1/2022 with an ex-dividend date of 10/13/2022. The FCX stock dividend was $0.15 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FCX in the last 3 months, the mean price target is $43.79 with high estimates of $60.00 and low estimates of $24.00. In terms of 52-week highs and lows, FCX has a high of $51.54 and a low of $24.69.

As of this writing, FCX has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.25. The company reported an EPS of $0.58 in the last quarter, which was -4.90% lower than expectations of $0.61.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FCX is Sell with a score of 3.50. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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