| Vetr Top Raters Upgrade Freeport-McMoRan To 4.5-Star Stock | |
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Shares of Freeport-McMoRan Inc (NYSE: FCX) have lost more than 40 percent since the start of 2016 and more than 80 percent over the past year.
The stock's under-performance likely led the Vetr crowd to recognize the underlying value and a more favorable risk to reward profile given its deflated price.
The Vetr crowd upgraded Freeport-McMoRan's stock rating to 4.5-stars out of a possible 5 stars. In fact, shares of Freeport-McMoRan have risen to $3.94 since the prior rating of 3.5-stars was issued just 4 days again.
Related link: Here's how crowdsourced ratings can beat the market.
In addition to an upgrade to bull territory, 88 percent of the crowd's ratings are bullish and the crowd sourced price target of $4.47 implies a potential upside of more than 15 percent.
"I can't see how that pre-market earnings report on 1/26 is going to do anything but lower this stock price," Charles Simonds, a member of the Vetr crowd opined before adding, "All FCX really has to do is make it look like they can avoid bankruptcy and I bet there will be a lot of profit potential in this stock - if they can actually avoid bankruptcy, spin-off their O&G business, and get their debt under long-term control then there might be a fortune to be made here."
However, the crowd member further suggested that prior to gaining momentum, Freeport-McMoRan's stock will "hit a new 52-week low on Tuesday."
Latest Ratings for FCX
Date | Firm | Action | From | To |
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Jan 2016 | Jefferies | Downgrades | Buy | Hold | Jan 2016 | Macquarie | Downgrades | Outperform | Neutral | Oct 2015 | Deutsche Bank | Downgrades | Buy | Hold |
View More Analyst Ratings for FCX
View the Latest Analyst Ratings
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Freeport McMoRan Copper and Gold Inc.
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PRODUCER |
CODE : FCX |
ISIN : US35671D8570 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Freeport McMoran is a gold and copper producing company based in United states of america. Freeport McMoran produces gold, copper, cobalt, molybdenum and silver in Chile, in Congo Dem. Rep. of, in Indonesia and in Peru, develops copper in Congo Dem. Rep. of, and holds various exploration projects in Chile. Its main assets in production are CANDELARIA, EL ABRA, HENDERSON, CHINO - MILL and OJOS DEL SALADO in Chile, GRASBERG, SIERRITA and BAGDAD in Indonesia, TENKE FUNGURUME, TYRONE, MIAMI - ROM LEACH, MORENCI - MILL, MORENCI and MORENCI - ROM LEACH in Congo Dem. Rep. of and CERRO VERDE in Peru, its main asset in development is SAFFORD in Congo Dem. Rep. of and its main exploration properties are CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH, CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, BAGDAD - ROM LEACH, CHINO - ROM LEACH and CLIMAX in Chile. Freeport McMoran is listed in Germany and in United States of America. Its market capitalisation is US$ 52.2 billions as of today (€ 45.8 billions). Its stock quote reached its lowest recent point on March 06, 2020 at US$ 10.00, and its highest recent level on October 12, 2023 at US$ 36.07. Freeport McMoran has 1 448 000 000 shares outstanding. |