Vetr Inc. announced Freeport-McMoRan Inc (NYSE:FCX), bumping up its stock price target to $11.00 today
- Updated: October 1, 2016
Just yesterday Freeport-McMoRan Inc (NYSE:FCX) traded 1.59% higher at $10.21. Freeport-McMoRan Inc’s 50-day moving average is $10.86 and its 200-day moving average is $11.20. The last closing price is down -3.07% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 26,469,580 shares of FCX traded hands, down from an average trading volume of 30,462,800
In a report released on Wednesday September 28, 2016 Vetr Inc. increased the stock price target of Freeport-McMoRan Inc (NYSE:FCX) to $11.00 reporting a possible upside of 0.08%.
Previously on 9/22/2016, Vetr Inc. reported on Freeport-McMoRan Inc (NYSE:FCX) increased the target price from $0.00 to $11.90. At the time, this indicated a possible upside of 0.09%.
Recent Performance Chart
Freeport-McMoRan Inc has 52 week low of $3.52 and a 52 week high of $14.20 and has a market capitalization of $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.
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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