Vetr Inc. announced Freeport-McMoRan Inc (NYSE:FCX), boosting its stock price target to $14.82 today
- Updated: November 27, 2016
In a report released on 11/28/2016 Vetr Inc. increased the stock price target of Freeport-McMoRan Inc (NYSE:FCX) to $14.82 reporting a possible downside of -0.07%.
Previously on Thursday November 24, 2016, Vetr Inc. released a statement about Freeport-McMoRan Inc (NYSE:FCX) increased the target price from $0.00 to $17.30. At the time, this indicated a possible upside of 0.07%.
Just yesterday Freeport-McMoRan Inc (NYSE:FCX) traded -1.30% lower at $16.00. Freeport-McMoRan Inc’s 50-day moving average is $11.77 and its 200-day moving average is $11.42. The last stock price is up 40.16% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 29,522,130 shares of FCX traded hands, down from an average trading volume of 33,092,300
Recent Performance Chart
Freeport-McMoRan Inc has 52 week low of $3.52 and a 52 week high of $16.42 and has a market capitalization of $0.
In addition to Vetr Inc. reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $10.91 with 0 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 16 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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