Freeport-McMoRan (FCX) Receiving Somewhat Positive Press Coverage, Accern Reports

News stories about Freeport-McMoRan (NYSE:FCX) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Freeport-McMoRan earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the natural resource company an impact score of 45.7586646038043 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Freeport-McMoRan (FCX) traded down $0.05 during midday trading on Friday, reaching $18.36. The company’s stock had a trading volume of 15,207,861 shares, compared to its average volume of 20,063,129. Freeport-McMoRan has a 1 year low of $11.05 and a 1 year high of $20.25. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.14 and a quick ratio of 1.37. The firm has a market capitalization of $26,720.00, a price-to-earnings ratio of 19.74 and a beta of 2.41.

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

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Freeport-McMoRan to $22.00 and gave the stock a “sector perform” rating in a research note on Monday. UBS raised their price objective on Freeport-McMoRan from $14.00 to $18.50 and gave the stock a “neutral” rating in a research note on Tuesday, March 6th. ValuEngine upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Tuesday, February 20th. Stifel Nicolaus raised their price objective on Freeport-McMoRan from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, February 6th. Finally, TheStreet upgraded Freeport-McMoRan from a “c” rating to a “b-” rating in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.75.

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