RBC Capital analyst Sam Crittenden maintained a Hold rating on Freeport-McMoRan (FCX – Research Report) on January 15 and set a price target of $55.00. The company’s shares closed yesterday at $38.21.
According to TipRanks, Crittenden is a 5-star analyst with an average return of 17.8% and a 57.59% success rate. Crittenden covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Hudbay Minerals, and Teck Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Freeport-McMoRan with a $46.35 average price target, a 21.30% upside from current levels. In a report released on January 3, Citi also maintained a Hold rating on the stock with a $46.00 price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $46.03 and a one-year low of $32.68. Currently, Freeport-McMoRan has an average volume of 11.25M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Freeport-McMoRan (FCX) Company Description:
Founded in 1987 and based in Arizona, Freeport-McMoRan, Inc. is a leading mining company, and focuses on exploring copper, gold, and molybdenum. Its portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.
Read More on FCX:
- Freeport-McMoRan initiated with a Neutral at UBS
- Freeport-McMoRan upgraded to Outperform from Market Perform at Bernstein
- Freeport-McMoRan price target raised to $43 from $42 at Raymond James
- Gold Fields falls over 10% after cutting production volumes, personnel issues
- Early notable gainers among liquid option names on December 8th
