Freeport-McMoran (FCX) Given Daily Media Impact Rating of 0.22
Press coverage about Freeport-McMoran (NYSE:FCX) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Freeport-McMoran earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the natural resource company an impact score of 46.3406915824231 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Freeport-McMoran, Inc. (FCX) Shares Bought by First Manhattan Co (expressnewsline.com)
- Offshore drilling co. announces more job cuts (finance.yahoo.com)
- Fear North Korea or Trump or an expensive stock market? This fund plays defense (finance.yahoo.com)
- Raymond James Financial, Inc. Initiates Coverage on Freeport-McMoran, Inc. (FCX) (americanbankingnews.com)
- Freeport-McMoran, Inc. (FCX) Sees Significant Decline in Short Interest (americanbankingnews.com)
A number of research analysts recently weighed in on FCX shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $17.00 price objective on shares of Freeport-McMoran in a research report on Wednesday, April 19th. Vetr downgraded Freeport-McMoran from a “strong-buy” rating to a “buy” rating and set a $14.50 target price on the stock. in a research note on Tuesday, April 25th. FBR & Co cut their target price on Freeport-McMoran from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research note on Monday, May 1st. Jefferies Group LLC cut their target price on Freeport-McMoran from $16.00 to $14.50 and set a “buy” rating on the stock in a research note on Thursday, June 8th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $13.00 target price (down from $14.00) on shares of Freeport-McMoran in a research note on Sunday, June 25th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.32.
Freeport-McMoran (NYSE FCX) traded down 1.27% during trading on Tuesday, hitting $13.97. The stock had a trading volume of 14,954,864 shares. The firm has a market cap of $20.22 billion, a PE ratio of 19.70 and a beta of 2.59. The company’s 50 day moving average is $13.37 and its 200 day moving average is $13.03. Freeport-McMoran has a 52-week low of $9.24 and a 52-week high of $17.06.
Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings results on Tuesday, July 25th. The natural resource company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by $0.04. Freeport-McMoran had a net margin of 5.97% and a return on equity of 10.45%. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same period in the previous year, the company posted ($0.02) earnings per share. Freeport-McMoran’s revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts forecast that Freeport-McMoran will post $0.89 earnings per share for the current year.
Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
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