Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Freeport-McMoran (FCX) Stock Price

News articles about Freeport-McMoran (NYSE:FCX) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Freeport-McMoran earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the natural resource company an impact score of 46.7939935462561 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

A number of equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Freeport-McMoran from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $14.00 in a research report on Monday. B. Riley lifted their price target on shares of Freeport-McMoran from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank of Canada reissued a “hold” rating and set a $17.00 price target on shares of Freeport-McMoran in a research report on Tuesday, December 5th. Zacks Investment Research raised shares of Freeport-McMoran from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, November 14th. Finally, UBS lifted their price target on shares of Freeport-McMoran from $13.50 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.64.

Shares of Freeport-McMoran (NYSE FCX) traded up $0.61 during mid-day trading on Wednesday, reaching $16.32. 27,302,122 shares of the company’s stock traded hands, compared to its average volume of 21,029,545. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 1.23. Freeport-McMoran has a 12-month low of $11.05 and a 12-month high of $17.06. The firm has a market cap of $23,620.00, a price-to-earnings ratio of 16.50 and a beta of 2.54.

Freeport-McMoran (NYSE:FCX) last issued its quarterly earnings results on Wednesday, October 25th. The natural resource company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Freeport-McMoran had a net margin of 6.20% and a return on equity of 13.35%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.06 billion. During the same period in the previous year, the business earned $0.13 EPS. The company’s revenue was up 11.2% compared to the same quarter last year. equities analysts expect that Freeport-McMoran will post 1.08 earnings per share for the current fiscal year.

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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.

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