Price Objective Update on Freeport-McMoran, Inc. (NYSE:FCX)

Street analysts that cover the company have provided target price projections on the stock. The current consensus target price is $11 on the stock. 12 analysts that were taken into consideration by Zacks Research are contributing to this number. The highest projection provided by these analysts is currently$15. The lowest target price prediction sees the stock heading to $7.  

Zacks research also gives calculated recommendations from sell-side analysts that cover company shares. These recommendations land on a simplified scale provided by Zacks Research. Using data provided from various analysts, shares of Freeport-McMoran, Inc. (NYSE:FCX) are presently listed with an ABR of 2.79. This number is using a recommendation scale where the ratings range from a 1 to a 5. Following this scale, a 1 would signify a Strong Buy while a 5 would represent a Strong Sell.

We can also take a look at some company earnings per share or EPS information. Earnings per share is the segment of profit for a company that is allocated to every outstanding share of a company’s common stock. Earnings per share numbers can serve as an indicator for the profitability of a certain company. EPS is broadly thought to be one of the most important factors when evaluating the price of a share. A Zacks consensus currently shows Street analysts projecting the company to post per share earnings of $0.18. For the period ending 2016-06-30, Freeport-McMoran, Inc. (NYSE:FCX) reported actual EPS of $-0.02. This number was $-0.01 away from analyst predictions, providing a surprise factor of -100%. The company is expected to next release earnings on or around 2016-10-25.

The data in this report is in part provided by Zacks Research and Yahoo Finance.  The author does not have, nor plans to take any position in Freeport-McMoran, Inc. shares within the next 14 days.  Readers should not consider this as a recommendation to buy or sell company stock.  This piece is for informational purposes only.  Potentialy investors should always conduct full research before making investment decisions. 

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