Tuesday, 23 April 2024

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Business News

Freeport-McMoRan (FCX) Receives a Hold from RBC Capital – TipRanks Financial Blog

Nutrien put volume heavy and directionally bearish

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RBC Capital analyst Sam Crittenden maintained a Hold rating on Freeport-McMoRan (FCXResearch Report) on April 2 and set a price target of $55.00. The company’s shares closed yesterday at $49.61.

Crittenden covers the Basic Materials sector, focusing on stocks such as Lundin Mining, Teck Resources, and Capstone Copper. According to TipRanks, Crittenden has an average return of 21.8% and a 62.64% success rate on recommended stocks.

Freeport-McMoRan has an analyst consensus of Moderate Buy, with a price target consensus of $46.75.

FCX market cap is currently $69.4B and has a P/E ratio of 37.90.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Freeport-McMoRan (FCX) Company Description:

Founded in 1987 and based in Arizona, Freeport-McMoRan, Inc. is a leading mining company, and focuses on exploring copper, gold, and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

Click Here to Read the Full Original Article at TipRanks Financial Blog…


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