Street analysts that cover Freeport-McMoran, Inc. (NYSE:FCX), currently have a target price of $11 on company shares. 12 analysts are contributing to this target price which is the consensus number provided by Zacks Research. Each contributing analyst may have a different opinion on future stock movement. Covering analysts may look to previous resistance and support levels to assist in calculating a figure. The top target price estimate provided by analysts polled by Zacks Research is $15. The lowest target price prediction from these same analysts sits at $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 2016-10-27.
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.