Insights on Investing in FCX – Analysts' Perspectives

Freeport-McMoRan logged a -1.4% change during today's afternoon session, and is now trading at a price of $49.2 per share. The S&P 500 index moved -0.0%. FCX's trading volume is 5,546,210 compared to the stock's average volume of 15,399,146.

Freeport-McMoRan trades -12.21% away from its average analyst target price of $56.05 per share. The 18 analysts following the stock have set target prices ranging from $45.0 to $65.0, and on average have given Freeport-McMoRan a rating of buy.

Anyone interested in buying FCX should be aware of the facts below:

  • Freeport-McMoRan's current price is 169.6% above its Graham number of $18.25, which implies that at its current valuation it does not offer a margin of safety

  • Freeport-McMoRan has moved 27.2% over the last year, and the S&P 500 logged a change of 25.0%

  • Based on its trailing earnings per share of 1.14, Freeport-McMoRan has a trailing 12 month Price to Earnings (P/E) ratio of 43.2 while the S&P 500 average is 27.65

  • FCX has a forward P/E ratio of 21.2 based on its forward 12 month price to earnings (EPS) of $2.32 per share

  • The company has a price to earnings growth (PEG) ratio of 2.88 — a number near or below 1 signifying that Freeport-McMoRan is fairly valued compared to its estimated growth potential

  • Its Price to Book (P/B) ratio is 4.16 compared to its sector average of 3.12

  • Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.

  • Based in Phoenix, the company has 27,200 full time employees and a market cap of $70.68 Billion. Freeport-McMoRan currently returns an annual dividend yield of 1.2%.

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.