Freeport-McMoRan (NYSE:FCX) has been downgraded from Hold to Sell in a statement by Berenberg earlier today.
- Updated: November 30, 2016
Boasting a price of $14.97, Freeport-McMoRan (NYSE:FCX) traded 4.10% higher on the day. With the last stock price close up 36.07% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Freeport-McMoRan has recorded a 50-day average of $11.93 and a two hundred day average of $11.45. Volume of trade was down over the average, with 1,992,200 shares of FCX changing hands under the typical 33,024,200
Berenberg has downgraded Freeport-McMoRan (NYSE:FCX) from Hold to Sell in a statement released on Wednesday November 30, 2016.
On 11/28/2016, Vetr Inc. released a statement for Freeport-McMoRan (NYSE:FCX) bumped up the target price from $0.00 to $14.82 that suggested a downside of -0.07%.
With a total market value of $0, Freeport-McMoRan has with a one year low of $3.52 and a one year high of $16.42 .
A total of 14 equity analysts have released a research note on FCX. zero equity analysts rating the company a strong buy, four equity analysts rating the company a buy, sixteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.91.
More 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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