Freeport-McMoran (FCX) Given Daily Media Sentiment Score of 0.22
News articles about Freeport-McMoran (NYSE:FCX) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news 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 news impact score of 0.22 on Accern’s scale. Accern also gave news articles about the natural resource company an impact score of 46.4108032949423 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Gold Rallies On Geopolitical Tensions, NK Threatens Guam (famososartistas.com)
- NY to Broaden Medical Marijuana Program (ismboard.com)
- Stock Traders Buy Large Volume of Call Options on Freeport-McMoran (FCX) (wisdomsave.com)
- Berenberg Bank Analysts Give Freeport-McMoran, Inc. (FCX) a $10.00 Price Target (expressnewsline.com)
- Trader’s Daily Notebook: Looking for Reasons to Be Bullish (finance.yahoo.com)
Shares of Freeport-McMoran (NYSE FCX) traded down 3.02% during midday trading on Thursday, hitting $14.15. 17,626,044 shares of the stock traded hands. The company has a market capitalization of $20.48 billion, a P/E ratio of 19.96 and a beta of 2.59. The stock has a 50 day moving average of $13.08 and a 200 day moving average of $13.12. Freeport-McMoran has a 1-year low of $9.24 and a 1-year high of $17.06.
Freeport-McMoran (NYSE:FCX) last released its earnings results on Tuesday, July 25th. The natural resource company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.04. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.67 billion. Freeport-McMoran had a return on equity of 10.45% and a net margin of 5.97%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. Equities research analysts predict that Freeport-McMoran will post $0.87 earnings per share for the current fiscal year.
FCX has been the subject of a number of research analyst reports. Vetr raised shares of Freeport-McMoran from a “buy” rating to a “strong-buy” rating and set a $14.75 price target for the company in a research report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $17.00 price objective on shares of Freeport-McMoran in a research report on Wednesday, April 19th. FBR & Co cut their price objective on shares of Freeport-McMoran from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research report on Monday, May 1st. Jefferies Group LLC cut their price objective on shares of Freeport-McMoran from $16.00 to $14.50 and set a “buy” rating on the stock in a research report on Thursday, June 8th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $13.00 price objective (down previously from $14.00) on shares of Freeport-McMoran in a research report on Sunday, June 25th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Freeport-McMoran presently has a consensus rating of “Hold” and an average price target of $14.27.
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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.
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