Scotiabank Cuts Freeport-McMoRan (NYSE:FCX) Price Target to $45.00
Freeport-McMoRan (NYSE:FCX – Free Report) had its price objective cut by Scotiabank from $48.00 to $45.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a sector perform rating on the natural resource company’s stock.
Why Did Jefferies Give Freeport-McMoRan Inc (FCX) Stock Hold Rating?
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.58% of Freeport-McMoRan Inc (FCX)’s shares, while financial institutions hold 84.57%.
What's Going On With Freeport-McMoRan (FCX) Stock Ahead Of Q4 Earnings Report?
Freeport-McMoRan exceeded market expectations in Q3 with $6.79 billion in revenue and strong copper and gold sales. The company expects strong Q4 results with 1 billion pounds of copper and 450 thousand ounces of gold.
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Despite Short-Term Risks Freeport McMoran Worth a LookFreeport-McMoRan Inc. (NYSE: FCX) stock shares are down nearly 4% (3.96%) after the company released its fourth quarter and ...
Freeport-McMoRan (NYSE:FCX – Get Free Report) had its price objective cut by research analysts at BMO Capital Markets from ...
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The Zacks Consensus Estimate for Freeport’s fourth-quarter consolidated revenues is currently pegged at $6,003 million, which ...
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.
Scotiabank analyst Orest Wowkodaw maintained a Hold rating on Freeport-McMoRan (FCX – Research Report) today and set a price target of $45.00.
In last week’s Sunday Digest, I (Tom Yeung) wrote how cyclical companies are often incredible investments. Firms like copper ...
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