FCX stock: buy or sell?
August 22nd, 2019
Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas.
Should I buy FCX stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, Freeport-McMoran stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Freeport-McMoran stock a buy?
Financial institutions and banks publish stock ratings everyday.At Stocks2.com, we gathered 11 ratings published for FCX stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-9||JPMorgan Chase & Co.||n/a||Neutral|
|2019-7-25||Raymond James||n/a||Market Perform|
|2019-4-26||Raymond James||n/a||Market Perform|
|2019-4-26||Raymond James||n/a||Market Perform|
|2019-1-9||Credit Suisse Group||n/a||Neutral|
|2019-1-25||Raymond James||n/a||Market Perform|
FCX stock analysis
Freeport-McMoran shares stayed steady -0.11% to $9.13 today.
Freeport-McMoran stayed steady a neutral -0.11% and closed at $9.13. For the last 23 days when FCX stock price broke down the SMA200d line, it slid $-2.48 per share (-21.36%). FCX marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $10.36 would break this short term down trend and open possibilities for reversing this situation.
After sliding a dreadful -7.14% in a week last week, Freeport-McMoran closed this week at $9.13 and stayed steady a slightly fine 0.33%.
FCX stock price history
FCX IPO was on July 10th, 1995 at $6.83 per share1. Since then, FCX stock surged a 33.70%, with an average of 1.40% per year. If you had invested right after FCX's IPO a $1,000 in FCX stock in 1995, it would worth $337.00 today.
1: Adjusted price after possible price splits or reverse-splits.
FCX stock historical price chart
FCX stock reached 52-week highs on August at $14.72, and all-time highs 2011-01-12 with a price of 48.75.
FCX stock price target is $13.40How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 11 price targets for FCX stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-9||JPMorgan Chase & Co.||Lowers Target||$15.00||$13.00||-13.3%|
|2019-7-25||Raymond James||Set Price Target||n/a||$13.00||-|
|2019-6-26||UBS Group||Set Price Target||n/a||$13.00||-|
|2019-4-5||UBS Group||Set Price Target||n/a||$14.00||-|
|2019-4-26||Raymond James||Set Price Target||n/a||$14.00||-|
|2019-1-9||Credit Suisse Group||Initiates||n/a||$12.00||-|
|2019-1-25||Raymond James||Lowers Target||$14.50||$14.00||-3.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when Freeport-McMoran posted its last earnings report, it plummed a scary -34.51%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Freeport-McMoran annual revenues boosted an amazing 13.56% to $18,628.00 million USD from $16,403.00 marked in 2017. On the other hand, its income margin (compared to sales) grew to 13.97%, that is $2,602.00 million. Freeport-McMoran presents anual results in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Freeport-McMoran TTM sales up to March 2019 were $17,552.00 and income $1,941.00 M USD. When comparing this TTM figures with the last reported annuality, we can esteem Freeport-McMoran business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, fell a fateful -5.78%. Regarding profit margin, Freeport-McMoran decreased -2.91% to 13.97%
|2013||$21,410 M||-||$2,660 M12.4%||-|
|2014||$21,438 M||0.13%||$-1,268.00 M-5.9%||-147.67%|
|2015||$15,877 M||-25.94%||$-12,195.00 M-76.8%||861.75%|
|2016||$14,830 M||-6.59%||$-4,315.00 M-29.1%||-64.62%|
|2017||$16,403 M||10.61%||$1,817 M11.1%||-142.11%|
|2018||$18,628 M||13.56%||$2,602 M14.0%||43.20%|
|TTM||$17,552 M||-5.78%||$1,941 M11.1%||-25.40%|
Quarterly financial resultsFreeport-McMoran posted $3,792.00 M in revenues for 2019-Q1, a 2.93% up compared to previous quarter. Reported quarter income marked $31.00 M with a profit margin of 0.82%. Profit margin collapsed a -12.35% compared to previous quarter when profit margin was 13.17%. When comparing sales to same quarter last year, Freeport-McMoran sales marked a dreadful drop down and plunged a -22.10%.
|2017-Q2||$3,680 M||-||$257 M7.0%||-|
|2017-Q3||$4,160 M||13.04%||$274 M6.6%||6.61%|
|2017-Q4||$5,041 M||21.18%||$1,041 M20.7%||279.93%|
|2018-Q1||$4,868 M||-3.43%||$692 M14.2%||-33.53%|
|2018-Q2||$5,168 M||6.16%||$869 M16.8%||25.58%|
|2018-Q3||$4,908 M||-5.03%||$556 M11.3%||-36.02%|
|2018-Q4||$3,684 M||-24.94%||$485 M13.2%||-12.77%|
|2019-Q1||$3,792 M||2.93%||$31 M0.8%||-93.61%|
Freeport-McMoran ownershipWhen you are planning to invest in shares of a stock, it's worth to review its ownership structure.
Freeport-McMoran shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.54% of all shares.
In case of Freeport-McMoran stock, 72.37% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for FCX stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Freeport-McMoran:
|Market cap||$13.2 B||$105.1 B||$126.6 B||$20.5 B||$81.9 B|
|Total shares||1,450.0 M||2,530.0 M||2,660.0 M||533.5 M||1,690.0 M|
|Float shares||1,400.0 M||2,640.0 M||2,640.0 M||816.7 M||1,260.0 M|
|- Institutional holdings (%)||72.4%||4.3%||3.9%||91.0%||8.4%|
|- Insider holdings (%)||0.5%||0.0%||0.0%||0.5%||0.0%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$9.09 - $9.29|
|Average true range||$0.35|
|50d mov avg||$10.74|
|100d mov avg||$11.20|
|200d mov avg||$11.41|
Freeport-McMoran performanceTo better understand Freeport-McMoran performance you must compare its gains with other related stocks in same sector or industry. For Freeport-McMoran, the comparison is made against BHP, BHP, Newmont Mining, Rio Tinto, Southern Copper, Teck Resources and VALE.
Freeport-McMoran competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for Freeport-McMoran. We picked 7 companies as Freeport-McMoran competitors as they are in the same industry or have similar market objectives.
- BHP (BBL)
- BHP (BHP)
- Newmont Mining (NEM)
- Rio Tinto (RIO)
- Southern Copper (SCCO)
- Teck Resources (TECK)
- VALE (VALE)
Latest FCX stock news
- InvestorPlaceFreeport-McMoRan Stock Can Be a Long-Term Portfolio CatalystJuly 30, 2019
- Seeking AlphaFreeport-McMoRan: The Transitional Period Continues, But The Future Looks BrightJuly 25, 2019
- Seeking AlphaFreeport-McMoRan: Why $10 Should HoldJuly 3, 2019
- Seeking AlphaFreeport-McMoRan: Waiting GameMay 26, 2019
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