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Stock Charts AI Power Rank: 1.3
Power Rank trend -> Falling
07/26/2024 16:26:00 EST
Freeport-McMoran Copper & Gold Inc (FCX)
Industry: Copper
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, FCX has been trading in a range between $51.44 and $45.27 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Freeport-McMoran Copper & Gold Inc $FCX entered a Red zone 9 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $44.5, a potential down side of -1.11% from the recent price of 45.00. The stock is trading 22.38% (potential upside) below its 52 week high of $55.07 and 38.42 % (potential downside) above its 52 week low of $32.51 - based on the recent price.
Company Summary
Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals.
News
| Freeport-McMoRan: Volatile Copper Prices But An EPS Beat Freeport-McMoRan's stock is heavily influenced by copper prices, which have recently dropped about 20% from their peak. Despite a strong quarterly report, I see FCX shares as having near-fair value, while its technical situation shows some reasons for optimism. With hearty EPS growth expected this year through 2026, the stock could grow into its valuation and even become a value play if it posts strong operational results. Source: Seeking Alpha Fri, 26 Jul 2024 06:52:07 -0400 Sentiment: Neutral |
| Final Trades: Freeport-McMoran, Pfizer, Danaher and United Rentals The Investment Committee give you their top stocks to watch for the second half. Source: CNBC Television Thu, 25 Jul 2024 13:45:51 -0400 Sentiment: Neutral |
| Freeport-McMoRan Inc. (FCX) Q2 2024 Earnings Call Transcript Freeport-McMoRan Inc. (NYSE:FCX ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants David Joint - Vice President, Investor Relations Richard Adkerson - Chairman Kathleen Quirk - President & Chief Executive Officer Cory Stevens - President, Mining Services Mark Johnson - President & Chief Operating Officer, Freeport-McMoRan Indonesia; Executive Vice President, PT Freeport Indonesia Conference Call Participants Alan Spence - BNP Paribas Carlos De Alba - Morgan Stanley Liam Fitzpatrick - Deutsche Bank Bob Brackett - Bernstein Orest Wowkodaw - Scotiabank Michael Dudas - VRP Lawson Winder - Bank of America Securities Brian MacArthur - Raymond James Bill Peterson - JPMorgan Operator Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoRan Second Quarter Conference Call. Source: Seeking Alpha Tue, 23 Jul 2024 11:46:10 -0400 Sentiment: Neutral |
| Freeport's (FCX) Earnings and Revenues Surpass Estimates in Q2 Freeport (FCX) second-quarter earnings and revenues top estimates on higher copper and gold prices. Source: Zacks Investment Research Tue, 23 Jul 2024 11:21:04 -0400 Sentiment: Positive |
| Freeport-McMoRan (FCX) Reports Q2 Earnings: What Key Metrics Have to Say The headline numbers for Freeport-McMoRan (FCX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Source: Zacks Investment Research Tue, 23 Jul 2024 11:00:57 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 55.0734 52 Week Low: 32.5139 Beta: 1.924 50 Day MA: 49.8754 200 Day MA: 43.3404 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.766 Qtr Revenue Growth YOY: 0.155 Forward PE: 32.8947 Trailing PE: 33.5821