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Last Price: 49.82 - Change: 0.41 - Change %: 0.8298
04/17/2024 16:10:00 EST

Freeport-McMoran Copper & Gold Inc (FCX)

Industry: Copper

Price Support Resistance

In the past 20 trading days, FCX has been trading in a range between $51.15 and $44.60 (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.

FCX is trading below resistance at $51.30, about 3% to the upside. There is support at $41.34 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Freeport-McMoran Copper & Gold Inc $FCX entered a Green zone 29 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $44.5, a potential down side of -10.68% from the recent price of 49.82. Our AI powered stock target predictor currently has a target price of $8.87 a potential move of -82%. The stock is trading 5.22% (potential upside) below its 52 week high of $52.42 and 52.92 % (potential downside) above its 52 week low of $32.58 - 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.

FCX Website

News

Final Trades: AppLovin, Freeport-McMoRan and CVS Health
The Investment Committee give you their top stocks to watch for the second half.
Source: CNBC Television
Tue, 16 Apr 2024 13:33:15 -0400
Sentiment: Positive
5 Non-Ferrous Metal Mining Stocks to Watch on Improving Industry Trends
The Zacks Mining - Non Ferrous industry's prospects look upbeat, backed by strong demand from the energy-transition trend. Stocks like SCCO, FCX, LUNMF, ERO and LEU are worth keeping a tab on, backed by their growth prospects.
Source: Zacks Investment Research
Tue, 16 Apr 2024 12:51:06 -0400
Sentiment: Positive
Analysts Estimate Freeport-McMoRan (FCX) to Report a Decline in Earnings: What to Look Out for
Freeport-McMoRan (FCX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: Zacks Investment Research
Tue, 16 Apr 2024 11:06:38 -0400
Sentiment: Negative
The Next Commodity Supercycle? 3 Top Copper Stocks to Buy Now
Copper prices now sit at their highest level in about two years, which has catapulted copper stocks to higher highs. All thanks to supply issues.
Source: InvestorPlace
Mon, 15 Apr 2024 16:30:00 -0400
Sentiment: Positive
3 Copper Miners to Buy as Supply Crisis Sends Prices Soaring
As global demand for copper prices skyrockets amid an unfolding supply crisis, savvy investors are looking for copper mining stocks to buy. Copper prices have experienced a price surge as supply struggles to keep pace with the growing demand.
Source: InvestorPlace
Mon, 15 Apr 2024 15:43:00 -0400
Sentiment: Positive
Instituions Institution %: 82.21
Last QTR Institution change: 6752517

Insiders
Insiders %: 0.604
Insiders Purchases last QTR: 4000
Insiders Sales last QTR: 0
Insiders Net last QTR: 4000

Analyst Ratings
Target Price: 44.5
Overall Rating: 3.8696
Strong Buys (5): 7
Buys (4): 6
Holds (3): 10
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 52.42
52 Week Low: 32.5808
Beta: 2.061
50 Day MA: 42.7292
200 Day MA: 39.817

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.446
Qtr Revenue Growth YOY: 0.026
Forward PE: 32.8947
Trailing PE: 38.6016

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