The trading price of Freeport-McMoRan Inc (NYSE:FCX) closed lower on Friday, April 19, closing at $49.61, -1.10% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 39.08. In examining the 52-week price action we see that the stock hit a 52-week high of $52.42 and a 52-week low of $32.72. Over the past month, the stock has gained 7.98% in value.
Freeport-McMoRan Inc, whose market valuation is $71.16 billion at the time of this writing. The dividend yield on the company stock is 0.60%, while its Forward Dividend ratio is 0.30. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Freeport-McMoRan Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest FCX has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.47, which symbolizes a positive outlook. A quick review shows that FCX’s price is currently 2.39% off the SMA20 and 15.12% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.99, and weekly volatility stands at 3.11%. When measured over the past 30 days, the indicator reaches 2.83%. Freeport-McMoRan Inc (NYSE:FCX)’s beta value is currently sitting at 2.01, while the Average True Range indicator is currently displaying 1.52.
To see how Freeport-McMoRan Inc stock has been performing in comparison to its peers in the industry, here are the numbers: FCX stock’s performance was -1.10% in the latest trading, and 19.28% in the past year. Freeport-McMoRan Inc has a P/E ratio of 39.08.
An evaluation of the daily trading volume of Freeport-McMoRan Inc (NYSE:FCX) indicates that the 3-month average is 14.40 million.
Currently, records show that 1.44 billion of the company’s shares remain outstanding. The insiders hold 1.66% of outstanding shares, whereas institutions hold 80.56%. However, since the stock’s price has seen 16.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
