Vetr’s target price suggests a potential upside of 22.49% from the stock’s current price. Past 5 years growth of Freeport-McMoRan Inc (NYSE:FCX) observed at -31.92%, and for the next five years the analysts that follow this company are expecting its growth at -38.43%.
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Now when we talk about Revenue Estimate for the current Fiscal Quarter, Average Revenue Estimate of Freeport-McMoRan Inc. During the past three months the stock gains 9.07 percent, bringing six-month performance to 214.21 percent. Finally, Jefferies Group restated a “buy” rating and set a $15.00 target price on shares of Freeport-McMoran Copper & Gold in a research report on Thursday, July 14th.
The High price target of the company’s Share is at $15 based on the calculations and analysis of 14 brokers.
Freeport owns a 90.64-percent share of one of the world’s largest copper and gold deposits at the Grasberg minerals district in Papua, Indonesia. They now have a United States dollars 11.5 price target on the stock. Underperform rating was given by 1 analyst and Outperform rating was given by 5 analyst.
04/25/2016 – Freeport-McMoran Copper & Gold, Inc. had its “sector perform” rating reiterated by analysts at RBC Capital.
Gold sales in the second quarter at 156,000 ounces were lower than the April estimate of 195,000 ounces due to lower mining rates in Indonesia and were lower than year-ago sales of 352,000 ounces, primarily reflecting lower ore grades and mining rates.
“[We expect] ore grades to improve significantly, with approximately 40 percent of its 2016 copper sales and 55 percent of its 2016 gold sales anticipated in fourth-quarter 2016”, the company said.
03/02/2016 – Freeport-McMoran Copper & Gold, Inc. had its “neutral” rating reiterated by analysts at Bank of America Merrill Lynch.
Freeport-McMoran (NYSE:FCX): The stock opened at $12.78 on Friday but the bulls could not build on the opening and the stock topped out at $12.88 for the day. The company finished it is trading at $12.91. Shares ended Wednesday session in Red.
The stock’s 50 day moving average is 11.48 and its 200 day moving average is 9.44.
During the last trading period, the peak price level of the share was $12.62; it means it is top price of day and down price level of the share was $12.17; it means minimum price of the day at which price share traded.
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Price Momentum: Despite the -2.29% decrease in value, the stock’s new closing price represents a -19.25% fall in value from company’s one year high of $14.2.
