FREEPORT-MCMORAN INC
FREEPORT-MCMORAN INC (FCX) Stock News
The latest FCX headlines and market coverage — 3 recent stories, updated throughout the day.
- Zacks Investment Research·Neutral
Freeport-McMoRan (FCX) Surpasses Market Returns: Some Facts Worth Knowing
Freeport-McMoRan (FCX) outperformed the S&P 500 with a +2.3% daily gain. The mining company is expected to report 46% EPS growth and 1.4% revenue growth in the upcoming quarter, with annual estimates showing +59.32% earnings growth. However, FCX holds a Zacks Rank #3 (Hold) rating and trades at a slight premium to its industry average with a Forward P/E of 24.59 versus the industry average of 24.39.
- Zacks Investment Research·Neutral
Freeport-McMoRan (FCX) Stock Falls Amid Market Uptick: What Investors Need to Know
Freeport-McMoRan stock declined 1.85% to $72.56 while broader markets gained, underperforming the S&P 500's 1.06% rise and the Basic Materials sector's 12.41% gain over the past month. Despite expected EPS growth of 46% and full-year earnings projected at $2.81 per share (+58.76% YoY), the company holds a Zacks Rank #3 (Hold) rating with a Forward P/E of 26.27, trading near industry average valuations.
- Zacks Investment Research·Neutral
Freeport-McMoRan (FCX) Suffers a Larger Drop Than the General Market: Key Insights
Freeport-McMoRan closed down 2.51%, underperforming the S&P 500's 0.25% decline. Despite a strong monthly gain of 23.61%, the mining company faces headwinds. Analysts forecast EPS of $0.73 (up 46% YoY) and full-year earnings of $2.79 per share (up 57.63% YoY), with revenue projected at $28.56 billion (up 10.21% YoY). The stock holds a Zacks Rank #3 (Hold) with a Forward P/E of 28.07 and PEG ratio of 0.78.