Getting Defensive In Emerging Markets: Freeport-McMoRan Inc. (FCX)

Wall Street analysts will be watching closely when Freeport-McMoRan Inc. (NYSE:FCX) reports its quarterly earnings next, which is scheduled for Tue 23 Apr (In 70 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.08 per share. In the preceding quarter, the company reportedly generated EPS of $0.11 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 28.60%, a profit margin of 14.80% and a gross margin of 18.00%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Freeport-McMoRan Inc. (NYSE:FCX). Most recently, on January 9th, 2019, Credit Suisse Initiated a Neutral rating. Before that, on November 7th, 2018, RBC Capital Mkts Downgrade to Underperform. Clarksons Platou Downgrade a Neutral rating on September 11th, 2018, BofA/Merrill Upgrade an Neutral rating on August 2nd, 2018, and B. Riley FBR, Inc. Upgrade a Buy rating on May 23rd, 2018.

At its current price point, combined with the fact that this company has 1.48B shares outstanding, the current market capitalization sits at 17.01B. In the last trading day, 15,561,122 shares of Freeport-McMoRan Inc. were traded, which compares to its usual volume of about 23.01M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$0.38 in the past five trading days, resulting in a percentage change of -3.20% and a moving average of 11.68. In the past 20 days, its price changed by -$0.06 (which is -0.52%) and the stock’s moving average was 11.60. Looking back a full 50 days, shares of FCX changed by -$0.48 (which is -4.01%) and demonstrated a moving average of 11.17.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 54.10%, a 14-day Stochastic %K score of 61.03% and a 20-day Stochastic %K score of 54.94%. Using a similar metric, Freeport-McMoRan Inc. (FCX) shares showed a Stochastic %D of 69.99% over the past 9 days, a Stochastic %D score of 62.82% over the last 14 days, and a 20-day Stochastic %D of 60.03%. Meanwhile, this stock’s MACD Oscillator was -0.15 over the past 9 days, 0.17 over the past two weeks, and -0.06 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $11.49 level. Over the past 12 months, this stock has experienced a high price of $19.74 and a low of $9.60. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Freeport-McMoRan Inc. (NYSE:FCX) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 152,737,042 shares of the company’s stock following the addition of 5,288,416 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 10.54% stake in Freeport-McMoRan Inc. (FCX)’s shares.

Just in the most recent trading day, Freeport-McMoRan Inc. (NYSE:FCX) experienced a high price of $11.7 and low point of $11.47. At the end of the last trading session, this stock was at 11.49 per share, following a gain of $0.02, or -0.35% during the full day.