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See what the IHS Markit Score report has to say about Freeport-McMoRan Inc.

IHS Markit

Freeport-McMoRan Inc


Score: Positive (77)

20 days at current score.

Upgraded from Negative on October 26th 2017

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  • This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Basic Materials sector
  • Perception of the company's creditworthiness is positive but weakening
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding

Bearish sentiment

Short interest | Positive

Short interest is extremely low for FCX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FCX.

Money flow

ETF/Index ownership | Neutral

ETF activity is neutral. ETFs that hold FCX had net inflows of $9.26 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator with a weakening bias over the past 1-month. Although FCX credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they remain among the lowest levels seen during the last three years.

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