Freeport-McMoran (FCX) Receives News Impact Rating of 0.05

Media headlines about Freeport-McMoran (NYSE:FCX) have trended somewhat positive on Friday, Alpha One Sentiment reports. The research group, a unit of Accern, identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freeport-McMoran earned a coverage optimism score of 0.05 on Alpha One’s scale. Alpha One also assigned media stories about the natural resource company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Alpha One Sentiment Analysis’s scoring:

Insider Buying and Selling by Quarter for Freeport-McMoran (NYSE:FCX)

Several analysts have weighed in on FCX shares. Citigroup Inc. started coverage on shares of Freeport-McMoran in a research report on Tuesday, February 21st. They set a “neutral” rating and a $16.00 target price on the stock. Deutsche Bank AG downgraded shares of Freeport-McMoran from a “hold” rating to a “sell” rating and dropped their price objective for the company from $14.00 to $12.50 in a report on Tuesday, February 21st. FBR & Co reaffirmed a “hold” rating on shares of Freeport-McMoran in a report on Tuesday, February 21st. Berenberg Bank raised shares of Freeport-McMoran from a “sell” rating to a “hold” rating and set a $12.00 price objective on the stock in a report on Wednesday, March 22nd. Finally, Jefferies Group LLC upped their price objective on shares of Freeport-McMoran to $16.00 and gave the company a “buy” rating in a report on Tuesday, March 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.66.

Freeport-McMoran (NYSE:FCX) traded down 0.70% during trading on Friday, hitting $11.42. 22,596,202 shares of the company traded hands. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 61.07 and a beta of 2.55. The company’s 50-day moving average is $11.82 and its 200 day moving average is $13.59. Freeport-McMoran has a 52-week low of $9.24 and a 52-week high of $17.06. Freeport-McMoran also was the recipient of some unusual options trading activity on Friday. Traders acquired 17,353 put options on the company. This represents an increase of 138% compared to the typical daily volume of 7,279 put options.

Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings data on Tuesday, April 25th. The natural resource company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by $0.01. Freeport-McMoran had a net margin of 1.11% and a return on equity of 7.97%. The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter last year, the business earned ($0.16) earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities analysts anticipate that Freeport-McMoran will post $1.03 earnings per share for the current year.

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Freeport-McMoran Company Profile

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

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