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Jefferies & Co announced Freeport-McMoran Copper & Gold (NYSE:FCX), dropping its stock price target to $14.50 today

Having a price of $12.05, Freeport-McMoran Copper & Gold (NYSE:FCX) traded 0.14% higher on the day. With the last close down 9.63% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Freeport-McMoran Copper & Gold has recorded a 50-day average of $14.51 and a two hundred day average of $13.16. Volume of trade was down over the average, with 0 shares of FCX changing hands under the typical 19,267,200

In a report announced on 6/8/2017 Jefferies & Co bumped down the target of Freeport-McMoran Copper & Gold (NYSE:FCX) from $16.00 to $14.50 indicating a possible upside of 0.20%.

On 5/1/2017, FBR Capital released a statement on Freeport-McMoran Copper & Gold (NYSE:FCX) dropped the target price from $13.00 to $12.00 that suggested a downside of -0.05%.

Performance Chart

Freeport-McMoran Copper & Gold (NYSE:FCX)

With a total market value of $0, Freeport-McMoran Copper & Gold has price-earnings ratio of 20.35 with a one year low of $9.24 and a one year high of $17.06 .

A total of 14 analysts have released a report on Freeport-McMoran Copper & Gold. zero analysts rating the company a strong buy, four analysts rating the company a buy, sixteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $10.91.

More 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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