| 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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PRODUCTEUR |
CODE : FCX |
ISIN : US35671D8570 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Freeport McMoran est une société de production minière d'or et de cuivre basée aux Etats-Unis D'Amerique. Freeport McMoran est productrice d'or, de cuivre, d'argent, de cobalt et de molybdène au Chili, au Perou, en Indonesie et en Republique Democratique Du Congo, en développement de projets de cuivre au Perou, et détient divers projets d'exploration au Chili. Ses principaux projets en production sont CANDELARIA, EL ABRA, CHINO - MILL, HENDERSON, MIAMI - ROM LEACH, MORENCI - MILL, OJOS DEL SALADO, MORENCI et MORENCI - ROM LEACH au Chili, GRASBERG, SIERRITA et BAGDAD en Indonesie, TENKE FUNGURUME et TYRONE en Republique Democratique Du Congo et CERRO VERDE au Perou, son principal projet en développement est SAFFORD au Perou et ses principaux projets en exploration sont BAGDAD - ROM LEACH et CHINO - ROM LEACH au Perou et CERRO VERDE - MILL, CERRO VERDE - CRUSHED LEACH, CERRO VERDE - ROM LEACH, EL ABRA - ROM LEACH et CLIMAX au Chili. Freeport McMoran est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 71,5 milliards US$ (66,8 milliards €). La valeur de son action a atteint son plus bas niveau récent le 06 mars 2020 à 10,00 US$, et son plus haut niveau récent le 25 avril 2024 à 49,40 US$. Freeport McMoran possède 1 448 000 000 actions en circulation. |