A statement released earlier today by Deutsche Bank AG about Freeport-McMoRan Inc (NYSE:FCX) bumps the target price to $12.50
- Updated: October 3, 2016
Boasting a price of $10.86, Freeport-McMoRan Inc (NYSE:FCX) traded -1.24% lower on the day. With the last stock price close down -4.28% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Freeport-McMoRan Inc has recorded a 50-day average of $10.86 and a two hundred day average of $11.20. Volume of trade was down over the average, with 18,790,109 shares of FCX changing hands under the typical 30,462,800
Stating a potential upside of 0.15%, Deutsche Bank AG bumped up the target of Freeport-McMoRan Inc (NYSE:FCX) to $12.50
On Wednesday September 28, 2016, Vetr Inc. released a statement for Freeport-McMoRan Inc (NYSE:FCX) bumped up the target price from $0.00 to $11.00 that suggested an upside of 0.08%.
With a total market value of $0, Freeport-McMoRan Inc has with a one year low of $3.52 and a one year high of $14.20 .
A total of 14 analysts have released a report on Freeport-McMoRan Inc. zero brokerages rating the stock a strong buy, 4 analysts rating the company a buy, 16 brokers rating the stock a hold, zero equity analysts rating the stock a underperform, and finally zero analysts rating the company a sell with a 12-month stock price target of $10.91.
Brief Synopsis On Freeport-McMoRan Inc (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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