Somewhat Positive Media Coverage Somewhat Unlikely to Impact Freeport-McMoRan (FCX) Stock Price

News headlines about Freeport-McMoRan (NYSE:FCX) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Freeport-McMoRan earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the natural resource company an impact score of 45.7904773794558 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern’s scoring:

Shares of Freeport-McMoRan (NYSE FCX) traded up $0.13 on Monday, hitting $18.56. The company had a trading volume of 10,837,123 shares, compared to its average volume of 20,200,000. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.14 and a quick ratio of 1.37. Freeport-McMoRan has a 1-year low of $11.05 and a 1-year high of $20.25. The firm has a market cap of $26,910.00, a price-to-earnings ratio of 19.96 and a beta of 2.41.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Thursday, January 25th. The natural resource company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Freeport-McMoRan had a return on equity of 16.57% and a net margin of 11.08%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the firm earned $0.25 EPS. Freeport-McMoRan’s quarterly revenue was up 15.2% compared to the same quarter last year. research analysts anticipate that Freeport-McMoRan will post 2.31 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. CIBC lowered Freeport-McMoRan from a “sector outperform” rating to a “neutral” rating in a research report on Monday, January 22nd. Scotiabank restated a “hold” rating and set a $19.00 target price on shares of Freeport-McMoRan in a research report on Monday, January 8th. B. Riley restated a “neutral” rating and set a $18.00 target price (up from $16.00) on shares of Freeport-McMoRan in a research report on Thursday, January 18th. TheStreet upgraded Freeport-McMoRan from a “c” rating to a “b-” rating in a research report on Thursday, January 25th. Finally, Bank of America restated an “underperform” rating and set a $16.00 target price (up from $15.00) on shares of Freeport-McMoRan in a research report on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Freeport-McMoRan has a consensus rating of “Hold” and an average price target of $16.75.

In related news, VP C Donald Whitmire, Jr. sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $19.49, for a total value of $419,035.00. Following the completion of the transaction, the vice president now directly owns 70,239 shares in the company, valued at approximately $1,368,958.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.29% of the stock is currently owned by insiders.

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Freeport-McMoRan Company Profile

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.

Insider Buying and Selling by Quarter for Freeport-McMoRan (NYSE:FCX)

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