Finance

Worthy Stock comparison for Investors: Freeport-McMoran, Inc. (NYSE:FCX)

Freeport-McMoran, Inc. (NYSE:FCX), closed the last trading session at $8.96 with increase of $0.41 or 4.8 percent against the opening price of $8.55. The trading day volume of the company stands at 61.2 Million shares while the average trading volume of Freeport-McMoran, Inc. (NYSE:FCX) is 20.29 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 1.46 Billion.

The price target of Freeport-McMoran, Inc. (NYSE:FCX) is currently set at 13.11 by the analysts. The stock is $-38.94 Below its 1-Year High which is $14.68. FCX hit its 1-Year low price of $8.43. The company is currently rated by analyst who are keeping a close eye on the stock as 2.5. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of Freeport-McMoran, Inc. (NYSE:FCX)

The value of the stock increased by 1.13% during the previous week performance. Looking at the 1 month performance of Freeport-McMoran, Inc. (NYSE:FCX), the stock dipped -11.11%. While the 1 year performance shows a negative percentage of -32.02 and year to date performance stands at -13.09%.

Freeport-McMoran, Inc. (NYSE:FCX) Analytical Review

The stock needs to grow about $4.15 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are -7.76%, -6.84% and -20.06 percent respectively. The stock trades about 2.81 percent of its Float giving its total shares Outstanding are 1.46 Billion. FCX gained about -33.18 percent in 6 months showing its Average True Range of 0.35. The company currently has a RSI and Beta of 39.19 and 2.44.

While talking about Freeport-McMoran, Inc. (NYSE:FCX) valuation ratios, the stock trades with a P/S and P/B of 0.82 and 1.34 which is significantly better and attractive as compared to its peers.