Vetr Inc. issued a report on Freeport-McMoRan Inc (NYSE:FCX), stepping up its target to $11.90 earlier today
- Updated: September 24, 2016
Showing a price of $10.93, Freeport-McMoRan Inc (NYSE:FCX) traded -3.19% lower on the day. With the last stock price close down -4.74% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day average of $11.07 and a two hundred day average of $11.16. 22,336,624 shares of the stock were exchanged, down from an average trading volume of 31,375,100
Vetr Inc. bumped up the target of Freeport-McMoRan Inc (NYSE:FCX) to $11.90 reporting a potential upside of 0.09%.
On 09/14/2016, Macquarie Research released a statement about Freeport-McMoRan Inc (NYSE:FCX) dropped the target price from $13.00 to $10.00 that suggested a downside of -0.01%.
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Freeport-McMoRan Inc has a with a one year low of $3.52 and a one year high of $14.20 FCX’s total market value is currently $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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