Freeport-McMoRan Stock Soars

By Kent Smith • Friday, October 21 12:00 • Permanent Link

Shares of Freeport-McMoRan have moved 6.4% today, and are now trading at a price of $30.98. In contrast, the S&P 500 index saw a 1.0% change and the Dow Industrial Average posted a 0.7% performance. Today's trading volume is 9,797,133 compared to the stock's average volume of 16,386,304.

Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. Based in Phoenix, the company has 24,700 full time employees and a market cap of $45,493,198,848. Freeport-McMoRan currently offers its equity investors a dividend that yields 0.8% per year.

The company is now trading -19.55% away from its average analyst target price of $38.51 per share. The 21 analysts following the stock have set target prices ranging from $24 to $55, and on average give Freeport-McMoRan a rating of buy.

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The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.