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Shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) was the target of some unusual options trading on Friday. Traders purchased 25,972 put options on the stock, Analyst Ratings Net reports. This is an increase of 132% compared to the average volume of 11,181 put options.

FCX has been the subject of a number of recent research reports. Analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Freeport-McMoRan Copper & Gold in a research note to investors on Tuesday. They now have a $40.00 price target on the stock. Finally, analysts at Sanford C. Bernstein initiated coverage on shares of Freeport-McMoRan Copper & Gold in a research note to investors on Thursday, December 12th. They set an “outperform” rating and a $42.00 price target on the stock. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Freeport-McMoRan Copper & Gold presently has a consensus rating of “Buy” and a consensus target price of $39.13.

Freeport-McMoRan Copper & Gold (NYSE:FCX) traded down 1.95% during mid-day trading on Friday, hitting $36.19. 20,354,262 shares of the company’s stock traded hands. Freeport-McMoRan Copper & Gold has a 52 week low of $26.37 and a 52 week high of $38.09. The stock’s 50-day moving average is $35.70 and its 200-day moving average is $33.28. The company has a market cap of $37.571 billion and a P/E ratio of 13.49.

Freeport-McMoRan Copper & Gold (NYSE:FCX) last announced its earnings results on Tuesday, October 22nd. The company reported $0.79 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.17. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 39.6% on a year-over-year basis. On average, analysts predict that Freeport-McMoRan Copper & Gold will post $2.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Monday, January 13th.

Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) is an international mining company.

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