Is Freeport-McMoRan Inc (NYSE: FCX) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Copper industry segment, falling under the Basic Materials sector. The current market capitalization of Freeport-McMoRan Inc is $74.01B. A total of 8.27 million shares were traded on the day, compared to an average of 14.74M shares.

In the most recent transaction, Higgins Stephen T. sold 80,000 shares of FCX for 52.03 per share on May 13 ’24. After the transaction, the Senior VP & CAO now owns 104,377 company shares. In a previous transaction on May 06 ’24, ADKERSON RICHARD C sold 54,771 shares at 50.78 per share. FCX shares that Chairman of the Board & CEO owns now total 3,652,478.

Among the insiders who sold shares, Higgins Stephen T. disposed of 42,767 shares on May 03 ’24 at a per-share price of $50.35. This resulted in the Senior VP & CAO holding 104,377 shares of FCX after the transaction. In another insider transaction, Higgins Stephen T. sold 43,900 shares at $51.08 per share on May 01 ’24. Company shares held by the Senior VP & CAO now total 104,377.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Freeport-McMoRan Inc pays an annual dividend of $0.30, resulting in a dividend yield of 0.58%, and it has a price to earnings (P/E) ratio of 45.28. FCX’s most recent ex-dividend date was 7/15/2024 when it declared a $0.15 quarterly dividend that was paid in cash on 8/1/2024. Previously, the company paid the dividend on 5/1/2024 with an ex-dividend date of 4/12/2024. The FCX stock dividend was $0.15 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FCX has a high of $55.24 and a low of $32.72.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FCX’s latest balance sheet shows that the firm has $8.07B in Cash & Short Term Investments as of fiscal 2021. There were $9.77B in debt and $5.89B in liabilities at the time. Its Book Value Per Share was $11.82, while its Total Shareholder’s Equity was $23.02B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FCX is Buy with a score of 4.25.

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