UBS Securities announced Freeport-McMoran Copper & Gold (NYSE:FCX), bumping up its stock price target to $18.00 today
- Updated: December 1, 2016
In a report released on 12/1/2016 UBS Securities increased the stock price target of Freeport-McMoran Copper & Gold (NYSE:FCX) from $11.00 to $18.00 stating a potential upside of 0.14%.
Having a price of $15.77, Freeport-McMoran Copper & Gold (NYSE:FCX) traded -2.08% lower on the day. With the last close up 30.26% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Freeport-McMoran Copper & Gold has recorded a 50-day average of $12.37 and a two hundred day average of $11.54. Volume of trade was down over the average, with 31,831,729 shares of FCX changing hands under the typical 33,782,300
With a total market value of $0, Freeport-McMoran Copper & Gold has with a one year low of $3.52 and a one year high of $16.42 .
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 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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