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Freeport-McMoRan (NYSE:FCX)‘s stock had its “outperform” rating reiterated by Credit Suisse in a research note issued on Thursday. They currently have a $45.00 price target on the stock, up from their previous price target of $42.00. Credit Suisse’s price target would indicate a potential upside of 16.73% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Freeport-McMoRan in a research note on Thursday. They now have a $50.00 price target on the stock, up previously from $45.00. Separately, analysts at Nomura reiterated a “buy” rating on shares of Freeport-McMoRan in a research note on Thursday. They now have a $43.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Freeport-McMoRan from a “buy” rating to a “neutral” rating in a research note on Thursday. They now have a $43.00 price target on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Freeport-McMoRan has a consensus rating of “Buy” and a consensus price target of $41.37.

Shares of Freeport-McMoRan (NYSE:FCX) traded down 2.31% during mid-day trading on Thursday, hitting $37.66. 9,021,243 shares of the company’s stock traded hands. Freeport-McMoRan has a 52-week low of $27.92 and a 52-week high of $39.32. The stock has a 50-day moving average of $36.46 and a 200-day moving average of $34.25. The company has a market cap of $39.118 billion and a price-to-earnings ratio of 15.74.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.03. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.24 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts predict that Freeport-McMoRan will post $2.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Friday, July 11th.

Freeport-McMoRan Inc is a United States-based natural resources company with a global portfolio of mineral assets, including copper, gold, and molybdenum, in addition to oil and gas resources.

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