FCX - Freeport-McMoRan Inc.
11.25 +0.06 (0.54%)
After hours: 4:46PM EDT
| Previous Close | 11.13 |
| Open | 11.06 |
| Bid | 11.18 x 900 |
| Ask | 11.27 x 21500 |
| Day's Range | 10.99 - 11.27 |
| 52 Week Range | 9.47 - 18.14 |
| Volume | 16,860,653 |
| Avg. Volume | 20,264,032 |
| Market Cap | 16.233B |
| Beta (3Y Monthly) | 1.70 |
| PE Ratio (TTM) | 8.43 |
| EPS (TTM) | 1.33 |
| Earnings Date | Jul 23, 2019 - Jul 29, 2019 |
| Forward Dividend & Yield | 0.20 (1.80%) |
| Ex-Dividend Date | 2019-04-12 |
| 1y Target Est | 14.50 |
- Markit•2 days ago
See what the IHS Markit Score report has to say about Freeport-McMoRan Inc.
Freeport-McMoRan Inc NYSE:FCXView full report here! Summary * Perception of the company's creditworthiness is negative but improving * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is low for FCX with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding FCX are favorable, with net inflows of $9.48 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a strengthening bias over the past 1-month. Although FCX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Simply Wall St.•3 days ago
Do Directors Own Freeport-McMoRan Inc. (NYSE:FCX) Shares?
If you want to know who really controls Freeport-McMoRan Inc. (NYSE:FCX), then you'll have to look at the makeup of...
- Reuters•8 days ago
Freeport Indonesia to start smelter construction mid-2020 -spokesman
Market Realist•9 days agoFreeport-McMoRan Stock Ignores Trade Pessimism
Freeport-McMoRan Stock Ignores Trade PessimismFreeport-McMoRanFreeport-McMoRan (FCX), the leading US-based copper miner, has risen 1.6% as of 11:45 AM EST on June 11. The stock lost 21% last month amid the broader market sell-off. Metals and mining
- Insider Monkey•9 days ago
Here’s What Hedge Funds Think About Freeport-McMoRan Inc. (FCX)
The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]
- Barrons.com•9 days ago
Freeport-McMoRan CEO Richard C. Adkerson Bought Up the Lagging Stock
Richard C. Adkerson bought $1.74 million more of the mining company’s stock last week. It’s his first open-market stock purchase in a decade.
- Motley Fool•9 days ago
Why Shares in MSC Industrial, Freeport, and Fastenal Fell Double Digits in May
These three cyclical stocks took a beating in May.
- GuruFocus.com•10 days ago
Weekly CEO Buys Highlight
Details the CEO buys this past week for the following companies: Capri Holdings, Odonate Therapeutics, Freeport-McMoRan, Intrexon and American Airlines
- Benzinga•20 days ago
6 Stocks With Rare Earth Exposure
Rare earth element stocks have been in the spotlight recently after China threatened to cut of U.S. supply as the trade war ramps up. On Tuesday , CCTV reported a “relevant official” from China’s National ...
- Simply Wall St.•21 days ago
Imagine Owning Freeport-McMoRan (NYSE:FCX) And Trying To Stomach The 71% Share Price Drop
Statistically speaking, long term investing is a profitable endeavour. But no-one is immune from buying too high...
- Zacks•26 days ago
Why Is Freeport-McMoRan (FCX) Down 17.4% Since Last Earnings Report?
Freeport-McMoRan (FCX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks•27 days ago
Freeport (FCX) Inks Deal to Divest Portion of Cobalt Business
Freeport (FCX) and its partners to retain the remaining cobalt business along with operations and sales offices in the United States, Europe and Asia.
- Business Wire•28 days ago
Freeport-McMoRan Announces Agreement to Sell Portion of Cobalt Business
Freeport-McMoRan Inc. (FCX) announced today an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working capital at the time of close. Under the terms of the agreement, FCX will separate its cobalt business prior to completing the transaction. Umicore will acquire the refinery and cathode precursor business, which represents approximately 60 percent of the refinery’s historical revenues.
- Market Realist•28 days ago
Miners Approach 52-Week Lows as Trade War Heat Intensifies
Miners Approach 52-Week Lows as Trade War Heat IntensifiesMiners’ returns todayUS equity markets are in the red today amid the escalation in the US-China trade war. Metals and mining stocks have especially come under pressure, and the SPDR
- InvestorPlace•28 days ago
Thursday’s Vital Data: Lowe’s, Target and Freeport-McMoRan
Another salvo from China in the ongoing trade war is sinking U.S. stock futures this morning. This time it was comments from Ministry of Commerce spokesperson Gao Feng calling for the U.S. to "adjust its wrong actions" that sent stocks skidding.Futures on the Dow Jones Industrial Average are down 0.91%, and S&P 500 futures are lower by 0.86%. Nasdaq-100 futures have lost 1.14%.In the options pits, put volume almost eclipsed calls yesterday while overall volume settled near average levels. Specifically, about 15.4 million calls and 15.2 million puts changed hands on the session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe pop in put demand made a big impact over at the CBOE. The single-session equity put/call volume ratio rocketed back to 0.72. Meanwhile, the 10-day moving average inched back up to 0.72.Options traders zeroed in on earnings announcements yesterday. Lowe's (NYSE:LOW) shares cratered after the company missed earnings estimates and lowered forward guidance. Target (NYSE:TGT) took the opposite route, rallying almost 8% after smashing expectations. Finally, Freeport-McMoRan (NYSE:FCX) fell to a five-month low amid continued selling pressure in metal stocks.Let's take a closer look: Lowe's (LOW)Lowe's stepped up to the earnings plate yesterday morning and whiffed. The home construction giant reported earnings-per-share of $1.22 on $17.74 billion in revenue. Analysts were forecasting earnings of $1.34 on $17.7 billion revenue. Forward guidance was also disappointing with the company cutting fiscal year earnings guidance from over $6 to $5.45 - $5.65. * 10 Names That Are Screaming Stocks to Buy LOW stock fell as low as 14% before battling back to close the day down 11.8%. Over 22.7 million shares changed hands on the session marking the highest volume day since last August. The down gap has completely upended the stock's uptrend, driving it from above all major moving averages to below in a single session. Bears now control the chart so consider all future rallies suspect.On the options trading front, calls and puts proved equally popular on the day. Total activity zoomed to 1,212% of the average daily volume, with 116,402 contracts traded. Calls accounted for 51% of the tally.Heading into the report, premiums were forecasting a move of $4.93 or 4.4%. That makes the actual gap a massive outlier bringing untold pain to traders swinging short volatility trades like iron condors into the number. By day's end, implied volatility fell to 26% landing it at the 29th percentile of its one-year range. Target (TGT)Target shared the spotlight with Lowe's Wednesday morning. Unlike the latter, though, Target was able to deliver. For the first quarter, the company earned $1.53 per share, handily beating analyst calls for $1.43. Revenue also came in ahead of expectations at $17.62 billion versus $17.5 billion.Both measures marked robust growth from the same quarter last year. While sales jumped 5%, earnings grew by 15.9%. Yesterday's buying binge erased much of what was lost during the stock's recent slide. TGT stock closed the session up 7.8% amid heavy volume. Overhead resistance at $78.50 ultimately halted the rally. I suggest waiting for a break above this level before deploying bullish trades.On the options trading front, traders aggressively chased calls all day. Activity swelled to 458% of the average daily volume, with 129,630 total contracts traded; 69% of the trading came from call options alone.Traders were looking for a move of $3.94 or 5.5% ahead of the report, so chalk up the 7.8% pop as a win for volatility buyers. Implied volatility sank to 24% or the 19th percentile of its one-year range. Premiums are now pricing in daily moves of $1.18 or 1.5%. Freeport-McMoran (FCX)Metal and mining stocks have been sinking like a stone, and Freeport-McMoran might as well be the poster child. Since peaking last month at $14.68, FCX stock has cratered 31%, placing it a stone's throw from multi-year lows. The news was light this week, but that didn't prevent a surge in options activity landing the company on the leaderboard.Here's a quick technical analysis take. Its price trend is ugly and sits beneath all moving averages. With multiple resistance zones overhead, rallies are suspect. Volume patterns favor sellers with multiple distribution days over the past month showing institutions are net sellers. The next major support zone looms at $9.70, so consider that the first downside target. * The 7 Best Penny Stocks to Buy On the options trading front, traders favored calls despite the day's thrashing. Activity ramped to 172% of the average daily volume, with 81,899 contracts traded. Calls claimed 83% of the total.The uptick in demand drove implied volatility higher on the day to 45%, placing it at the 32nd percentile of its one-year range. Premiums are now baking in daily moves of 29 cents or 2.9%.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post Thursday's Vital Data: Lowe's, Target and Freeport-McMoRan appeared first on InvestorPlace.
- Bloomberg•28 days ago
U.S. Drilling Rights Go for Less Than a Cup of Coffee Per Acre
“This is government-sponsored gambling with public lands,” said Kate Kelly, director for public lands at the Center for American Progress, a liberal think tank. The center analyzed government data and calculated that leases spanning more than 2.9 million acres of U.S. lands have been purchased through this non-competitive process since 2009. The practice has surged as President Donald Trump has touted American “energy dominance” and made more territory available for drilling.
- Benzinga•29 days ago
Najarian Brothers See Unusual Options Activity In Freeport-McMoRan, Kinder Morgan And KWEB
Jon Najarian spoke on CNBC's "Fast Money Halftime Report" about unusually high options activity in KraneShares CSI China Internet ETF (NYSE: KWEB ). He noticed that traders bought 9,000 contracts ...
- Reuters•last month
U.S. Senate moves forward on plan to develop electric vehicle supply chain
The Senate's Energy and Natural Resources Committee held a hearing on the American Mineral Security Act, which would help streamline regulation and permitting requirements for the development of mines for lithium, graphite and other EV minerals. The pending legislation would require a tally of metal reserves in the United States and seek to streamline permitting for the EV sector, an area where China already leads by a wide margin. The bipartisan legislation, which seeks in part to codify a late 2017 executive order on U.S. mineral development by President Donald Trump, was sponsored by U.S. senators Lisa Murkowski, Joe Manchin and others.
Yahoo Finance•last monthFollow copper to see if market bulls keep running: analyst
Money managers rely on Doctor Copper to help them chart investment strategies.
