Large-cap Basic Materials company Freeport-McMoRan has moved -1.9% so far today on a volume of 11,790,492, compared to its average of 11,196,363. In contrast, the S&P 500 index moved -2.0%.
Freeport-McMoRan trades -24.29% away from its average analyst target price of $51.49 per share. The 21 analysts following the stock have set target prices ranging from $25.0 to $62.0, and on average have given Freeport-McMoRan a rating of buy.
Anyone interested in buying FCX should be aware of the facts below:
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Freeport-McMoRan's current price is 113.6% above its Graham number of $18.25, which implies that at its current valuation it does not offer a margin of safety
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Freeport-McMoRan has moved 0.2% over the last year, and the S&P 500 logged a change of 22.3%
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Based on its trailing earnings per share of 1.38, Freeport-McMoRan has a trailing 12 month Price to Earnings (P/E) ratio of 28.2 while the S&P 500 average is 29.3
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FCX has a forward P/E ratio of 18.0 based on its forward 12 month price to earnings (EPS) of $2.16 per share
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Its Price to Book (P/B) ratio is 3.19 compared to its sector average of 2.64
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Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia.
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Based in Phoenix, the company has 27,200 full time employees and a market cap of $56.01 Billion. Freeport-McMoRan currently returns an annual dividend yield of 1.5%.
