A new trading day began on Friday, with Freeport-McMoRan Inc (NYSE: FCX) stock price up 1.16% from the previous day of trading, before settling in for the closing price of $35.34. FCX’s price has ranged from $27.61 to $52.23 over the past 52 weeks.
Meanwhile, its annual earnings per share averaged 0.24%. With a float of $1.43 billion, this company’s outstanding shares have now reached $1.44 billion.
Freeport-McMoRan Inc (FCX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Copper Industry. The insider ownership of Freeport-McMoRan Inc is 0.58%, while institutional ownership is 86.98%. The most recent insider transaction that took place on Jun 02 ’25, was worth 343,520. In this transaction Chief Accounting Officer of this company sold 8,584 shares at a rate of $40.02, taking the stock ownership to the 48,333 shares. Before that another transaction happened on Jun 02 ’25, when Company’s Officer proposed sale 8,584 for $40.02, making the entire transaction worth $343,519.
Freeport-McMoRan Inc (FCX) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.38 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year. According to the Wall Street analysts, stocks earnings will be around 0.24% per share during the next fiscal year.
Freeport-McMoRan Inc (NYSE: FCX) Trading Performance Indicators
Here are Freeport-McMoRan Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.21. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.00. Likewise, its price to free cash flow for the trailing twelve months is 30.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.32, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 1.92 in one year’s time.
Technical Analysis of Freeport-McMoRan Inc (FCX)
Freeport-McMoRan Inc (NYSE: FCX) saw its 5-day average volume 49.18 million, a positive change from its year-to-date volume of 16.3 million. As of the previous 9 days, the stock’s Stochastic %D was 2.40%.
During the past 100 days, Freeport-McMoRan Inc’s (FCX) raw stochastic average was set at 4.29%, which indicates a significant decrease from 5.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.59 in the past 14 days, which was higher than the 1.20 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.11, while its 200-day Moving Average is $39.97. Nevertheless, the first resistance level for the watch stands at $36.28 in the near term. At $36.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $37.30. If the price goes on to break the first support level at $35.26, it is likely to go to the next support level at $34.76. The third support level lies at $34.24 if the price breaches the second support level.
Freeport-McMoRan Inc (NYSE: FCX) Key Stats
With a market capitalization of 51.33 billion, the company has a total of 1,435,774K Shares Outstanding. Currently, annual sales are 25,455 M while annual income is 1,889 M. The company’s previous quarter sales were 7,582 M while its latest quarter income was 772,000 K.
