Media coverage about Freeport-McMoran (NYSE:FCX) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Freeport-McMoran earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media coverage about the natural resource company an impact score of 45.4340471269773 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Signs of Life in the Bull: Copper Is in the Cross-hairs (silverdoctors.com)
- Stocks Flashing Renewed Technical Strength: Freeport McMoRan (finance.yahoo.com)
- Freeport-McMoRan Inc. (FCX) noted a price change of -0.57% and Green Dot Corporation (GDOT) closes with a move … – Stocks Gallery (stocksgallery.com)
- Freeport-McMoran, Inc. (FCX) Coverage Initiated by Analysts at CIBC (americanbankingnews.com)
- Fight for World’s Biggest Gold Mine Isn’t Over, Says Former CEO (finance.yahoo.com)
A number of equities research analysts have recently commented on FCX shares. Jefferies Group LLC cut their target price on Freeport-McMoran from $16.00 to $14.50 and set a “buy” rating on the stock in a research note on Thursday, June 8th. Deutsche Bank AG reissued a “hold” rating and issued a $13.00 target price (down from $14.00) on shares of Freeport-McMoran in a research note on Sunday, June 25th. BidaskClub raised Freeport-McMoran from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Freeport-McMoran in a research note on Thursday, June 29th. Finally, Zacks Investment Research cut Freeport-McMoran from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $15.51.
Freeport-McMoran (FCX) traded up 0.14% on Friday, reaching $13.88. The company’s stock had a trading volume of 21,270,549 shares. The firm’s 50 day moving average price is $14.59 and its 200-day moving average price is $12.97. Freeport-McMoran has a 1-year low of $9.24 and a 1-year high of $17.06. The company has a market capitalization of $20.09 billion, a price-to-earnings ratio of 19.58 and a beta of 2.57.
Freeport-McMoran (NYSE:FCX) last issued its earnings results on Tuesday, July 25th. The natural resource company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Freeport-McMoran had a return on equity of 10.45% and a net margin of 5.97%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter in the previous year, the company earned ($0.02) EPS. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Freeport-McMoran will post $0.94 earnings per share for the current year.
In related news, COO Harry M. Iv Conger bought 36,180 shares of the stock in a transaction dated Thursday, September 7th. The shares were purchased at an average price of $15.23 per share, for a total transaction of $551,021.40. Following the completion of the purchase, the chief operating officer now directly owns 73,943 shares of the company’s stock, valued at $1,126,151.89. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.
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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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