Freeport-McMoRan Inc (NYSE:FCX) target price raised to $9.17, issued a report today by Vetr Inc.
- Updated: October 17, 2016
Yesterday Freeport-McMoRan Inc (NYSE:FCX) traded -1.45% lower at $9.66. The company’s 50-day moving average is $10.34 and its 200-day moving average is $11.19. The last closing price is down -14.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 15,204,577 shares of the stock traded hands, down from an average trading volume of 28,774,600
Freeport-McMoRan Inc (NYSE:FCX) had its price target upped to $9.17 by Vetr Inc. in a report released 10/17/2016. The new target price indicates a possible downside of -0.05% based on the company's previous closing price.
Previously on Tuesday October 11, 2016, Vetr Inc. reported on Freeport-McMoRan Inc (NYSE:FCX) increased the target price from $0.00 to $9.75. At the time, this indicated a possible downside of -0.02%.
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Freeport-McMoRan Inc has a 52 week low of $3.52 and a 52 week high of $14.06 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its stock price target, a total of 14 brokers have issued a research note on the company. The average stock price target 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 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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