A statement released earlier today by Deutsche Bank about Freeport-McMoRan (NYSE:FCX) raises the target price to $12.50
- Updated: October 3, 2016
Having a price of $10.86, Freeport-McMoRan (NYSE:FCX) traded -1.24% lower on the day. With the last stock price down -4.28% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FCX has recorded a 50-day average of $10.86 and a two hundred day average of $11.20. Trade Volume was down over the average, with 18,790,109 shares of FCX changing hands under the typical 30,462,800
In a report announced on Monday October 03, 2016 Deutsche Bank raised the target of Freeport-McMoRan (NYSE:FCX) from $12.00 to $12.50 reporting a possible upside of 0.15%.
On Wednesday September 28, 2016, Vetr Inc. released a statement about Freeport-McMoRan (NYSE:FCX) upped the target price from $0.00 to $11.00 that suggested an upside of 0.08%.
Recent Performance Chart
Freeport-McMoRan has with a one year low of $3.52 and a one year high of $14.20 and has a total market value of $0.
In addition to Deutsche Bank reporting its target price, a total of 14 firms have reported on the stock. The consensus target price is $10.91 with 0 firms rating the stock a strong buy, 4 firms rating the stock a buy, 16 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Freeport-McMoRan (NYSE:FCX)
Freeport-McMoRan Inc. (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company's segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. It has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines. Its portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States. Its Atlantic Copper smelts and refines copper concentrates, and markets refined copper and precious metals in slimes. It has a smelter at its Miami, Arizona, mining operation, and molybdenum conversion facilities in the United States and Europe.
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