This Is Too Hot For Freeport-McMoRan Inc (NYSE: FCX), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NYSE listed company, FCX falls under the Basic Materials sector while operating within the Copper industry segment. The current market capitalization of Freeport-McMoRan Inc is $52.42B. A total of 14.49 million shares were traded on the day, compared to an average of 12.53M shares.

In the most recent transaction, Robertson Maree E. sold 13,000 shares of FCX for 44.91 per share on Nov 11 ’24. After the transaction, the EVP & CFO now owns 68,198 company shares. In a previous transaction on Nov 11 ’24, Robertson Maree E. bought 13,000 shares at 44.91 per share.

Among the insiders who sold shares, Higgins Stephen T. disposed of 80,000 shares on May 13 ’24 at a per-share price of $52.03. This resulted in the Senior VP & CAO holding 104,377 shares of FCX after the transaction. In another insider transaction, ADKERSON RICHARD C sold 54,771 shares at $50.78 per share on May 06 ’24. Company shares held by the Chairman of the Board & CEO now total 3,652,478.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Freeport-McMoRan Inc pays an annual dividend of $0.53, resulting in a dividend yield of 1.44%, and it has a price to earnings (P/E) ratio of 28.15. FCX’s most recent ex-dividend date was 0.62% when it declared a $0.15 quarterly dividend that was paid in cash on 10/15/2024. Previously, the company paid the dividend on 7/15/2024 with an ex-dividend date of 1.21%. The FCX stock dividend was $0.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, FCX has a high of $54.96 and a low of $34.89.

As of this writing, FCX has an earnings estimate of $0.24 per share for the current quarter. EPS was calculated based on a consensus of 8.0 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.15.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $12.21, 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 3.89.

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