Freeport-McMoRan Copper & Gold (FCX) to Release Earnings on Tuesday
Freeport-McMoRan Copper & Gold (NYSE:FCX) will release its earnings data on Tuesday, October 22nd. Investors that wish to register for the company’s conference call can do so using this link.
Freeport-McMoRan Copper & Gold (NYSE:FCX) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.08. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect Freeport-McMoRan Copper & Gold to post $2.38 EPS for the current fiscal year and $3.08 EPS for the next fiscal year.
Shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) opened at 34.89 on Monday. Freeport-McMoRan Copper & Gold has a 52 week low of $26.37 and a 52 week high of $42.89. The stock’s 50-day moving average is $30.74 and its 200-day moving average is $30.65. The company has a market cap of $36.212 billion and a P/E ratio of 12.43. Freeport-McMoRan Copper & Gold also was the target of unusually large options trading on Friday. Investors purchased 45,728 call options on the stock. This represents an increase of approximately 180% compared to the typical daily volume of 16,323 call options.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.31 per share. This represents a $1.25 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, October 10th.
A number of research firms have recently commented on FCX. Analysts at RBC Capital raised their price target on shares of Freeport-McMoRan Copper & Gold from $35.00 to $36.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock. On a related note, analysts at Credit Suisse reiterated a “buy” rating on shares of Freeport-McMoRan Copper & Gold in a research note to investors on Thursday. They now have a $39.00 price target on the stock. Finally, analysts at BB&T Corp. raised their price target on shares of Freeport-McMoRan Copper & Gold from $36.00 to $38.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $37.08.
Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) is an international mining company.
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