Somewhat Favorable News Coverage Somewhat Unlikely to Affect Freeport-McMoRan (NYSE:FCX) Share Price

News coverage about Freeport-McMoRan (NYSE:FCX) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media 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 news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the natural resource company an impact score of 45.9714626514348 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s analysis:

Freeport-McMoRan (FCX) opened at $19.75 on Friday. Freeport-McMoRan has a 12 month low of $11.05 and a 12 month high of $20.07. The firm has a market capitalization of $28,778.09, a P/E ratio of 26.69 and a beta of 2.53. 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 (NYSE:FCX) last announced its earnings results on Wednesday, October 25th. The natural resource company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.06 billion. Freeport-McMoRan had a return on equity of 13.35% and a net margin of 6.20%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. equities research analysts predict that Freeport-McMoRan will post 1.09 earnings per share for the current fiscal year.

FCX has been the subject of several research reports. Zacks Investment Research upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, October 10th. Royal Bank of Canada set a $14.00 target price on Freeport-McMoRan and gave the company a “hold” rating in a report on Wednesday, October 11th. Jefferies Group restated a “buy” rating and issued a $19.00 target price (down from $23.00) on shares of Freeport-McMoRan in a report on Wednesday, October 4th. B. Riley set a $13.00 target price on Freeport-McMoRan and gave the company a “hold” rating in a report on Wednesday, December 6th. Finally, FBR & Co set a $12.00 target price on Freeport-McMoRan and gave the company a “hold” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.80.

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About Freeport-McMoRan

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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