Freeport-McMoRan (FCX) Getting Somewhat Positive News Coverage, Study Finds

Press coverage about Freeport-McMoRan (NYSE:FCX) has been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Freeport-McMoRan earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the natural resource company an impact score of 46.5497027761497 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

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Several equities research analysts recently issued reports on the stock. Clarkson Capital upgraded shares of Freeport-McMoRan from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. TheStreet upgraded shares of Freeport-McMoRan from a “c” rating to a “b-” rating in a research report on Thursday, January 25th. Royal Bank of Canada raised their price objective on shares of Freeport-McMoRan to $22.00 and gave the stock a “sector perform” rating in a research report on Monday, March 12th. UBS lifted their price target on shares of Freeport-McMoRan from $14.00 to $18.50 and gave the company a “neutral” rating in a research report on Tuesday, March 6th. Finally, ValuEngine upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research report on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Freeport-McMoRan presently has a consensus rating of “Hold” and an average target price of $17.41.

Shares of NYSE FCX traded up $0.14 during midday trading on Tuesday, hitting $18.30. The company’s stock had a trading volume of 10,121,554 shares, compared to its average volume of 18,480,018. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 2.14. 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 $25,872.97, a price-to-earnings ratio of 15.64 and a beta of 2.41.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Thursday, January 25th. The natural resource company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Freeport-McMoRan had a net margin of 11.08% and a return on equity of 16.57%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. equities analysts predict that Freeport-McMoRan will post 2.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Friday, April 13th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, April 12th. Freeport-McMoRan’s payout ratio is 17.09%.

In other news, VP C Donald Whitmire, Jr. sold 21,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were 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 owns 70,239 shares of the company’s stock, valued at $1,368,958.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.29% of the company’s stock.

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Freeport-McMoRan Company Profile

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. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.

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

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