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Freeport-McMoran Copper & Gold (NYSE:FCX) target price raised to $18.00, issued a report today by CIBC World Markets

Yesterday Freeport-McMoran Copper & Gold (NYSE:FCX) traded 1.05% higher at $13.91. The company’s 50-day moving average is $14.61 and its 200-day moving average is $12.97. The last closing price is up 7.98% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 4,989,135 shares of the stock were exchanged, down from an average trading volume of 19,296,200

Freeport-McMoran Copper & Gold (NYSE:FCX) had its target price raised to $18.00 by CIBC World Markets in a report released 09/15/2017. The new target price indicates a possible upside of 0.29% based on the company's last closing price.

Previously on 9/7/2017, Macquarie Research reported on Freeport-McMoran Copper & Gold (NYSE:FCX) raised the target price from $0.00 to $16.00. At the time, this indicated a possible upside of 0.06%.

See Chart Below

Freeport-McMoran Copper & Gold (NYSE:FCX)

Freeport-McMoran Copper & Gold has a 52 week low of $9.24 and a 52 week high of $17.06 with a P/E ratio of 19.75 The company’s market cap is currently $0.

In addition to CIBC World Markets reporting its target price, a total of 14 brokers have issued a report on the stock. The consensus target price is $10.91 with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 16 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Freeport-McMoran Copper & Gold (NYSE:FCX)

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. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

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