After Hours
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. Recently, Yahoo Finance discussed the stock, revealing that Freeport-McMoRan Announces Leadership Transition.
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Stocks Info
Freeport-McMoRan Inc is listed on the NYSE as a member of the Basic Materials sector and is a part of the Copper industry. The current market capitalization of Freeport-McMoRan Inc is $55.88B. A total of 10.0 million shares were traded on the day, compared to an average of 12.30M shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FCX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 19 BUYs and 4 SELLs from insiders. Insiders purchased 65,810 shares during that period but sold 33,311.
In the most recent transaction, Lewis Sara Grootwassink bought 4,000 shares of FCX for 34.90 per share on May 12. After the transaction, the Director now owns 17,800 company shares. In a previous transaction on Mar 01, Mikes Ellie L. sold 11,678 shares at 43.17 per share. FCX shares that Chief Accounting Officer owns now total 32,333.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Freeport-McMoRan Inc pays an annual dividend of $0.30, resulting in a dividend yield of 0.77%, and it has a price to earnings (P/E) ratio of 30.69. FCX’s most recent ex-dividend date was 1/11/2024 when it declared a $0.15 quarterly dividend that was paid in cash on 2/1/2024. Previously, the company paid the dividend on 11/1/2023 with an ex-dividend date of 10/12/2023. The FCX stock dividend was $0.15 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FCX in the last 3 months, the mean price target is $46.17 with high estimates of $57.00 and low estimates of $37.00. In terms of 52-week highs and lows, FCX has a high of $44.53 and a low of $32.77.
As of this writing, FCX has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.51 per share and a lower estimate of $0.26. The company reported an EPS of $0.39 in the last quarter, which was 14.70% higher than expectations of $0.34.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FCX’s latest balance sheet shows that the firm has $8.07B in Cash & Short Term Investments as of fiscal 2021. There were $9.77B in debt and $5.89B in liabilities at the time. Its Book Value Per Share was $11.63, while its Total Shareholder’s Equity was $23.02B.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.64.
