Shares of Basic Materials sector company Freeport-McMoRan moved 1.4% today, and are now trading at a price of $40.13. The large-cap stock's daily volume was 11,948,325 compared to its average volume of 16,127,712. The S&P 500 index returned a -0.1% performance.
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company is based in Phoenix and has 24,700 full time employees. Its market capitalization is $57,359,015,936. Freeport-McMoRan currently offers its equity investors a dividend that yields 1.5% per year.
20 analysts are following Freeport-McMoRan and have set target prices ranging from $23 to $55 per share. On average, they have given the company a rating of buy. At today's prices, FCX is trading 7.59% away from its average analyst target price of $37.3 per share.
Over the last year, FCX's share price has increased by 8.2%, which represents a difference of 18.4% when compared to the S&P 500. The stock's 52 week high is $51.99 per share whereas its 52 week low is $24.8. With an average free cash flow of $1,844,500,000.0 that have been growing at an average rate of 152.9% over the last four years, Freeport-McMoRan is in a position to continue its strong stock performance trend.