Freeport-McMoRan Copper & Gold (FCX) Posts Quarterly Results
Freeport-McMoRan Copper & Gold (NYSE:FCX) announced its earnings results on Wednesday. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.03, Stock Ratings News reports. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.39 billion.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets reiterated a “marketperform” rating on shares of Freeport-McMoRan Copper & Gold in a research note to investors on Tuesday, January 14th. 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $39.13.
Shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) opened at 35.26 on Wednesday. Freeport-McMoRan Copper & Gold has a 1-year low of $26.37 and a 1-year high of $38.09. The stock has a 50-day moving average of $35.78 and a 200-day moving average of $33.48. The company has a market cap of $36.605 billion and a price-to-earnings ratio of 13.22.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Monday, January 13th.
Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) is an international mining company.
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