FCX Stock Summary and Trading Ideas (Freeport-Mcmoran | NYSE:FCX)

Freeport-McMoRan Inc is an international mining company. It has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. Its reportable segments include the Morenci, Cerro Verde and Grasberg (Indonesia mining) copper mines, the Rod & Refining operations and Atlantic Copper Smelting and Refining. It derives key revenue from the sale of Copper.

Freeport-Mcmoran trades on the NYSE stock market under the symbol FCX.

As of May 10, 2024, FCX stock price climbed to $51.59 with 10,862,188 million shares trading.

FCX has a beta of 1.29, meaning it tends to be more sensitive to market movements. FCX has a correlation of 0.25 to the broad based SPY ETF.

FCX has a market cap of $74.11 billion. This is considered a Large Cap stock.

Last quarter Freeport-Mcmoran reported $6 billion in Revenue and $.32 earnings per share. This beat revenue expectation by $661 million and exceeded earnings estimates by $.05.

In the last 3 years, FCX stock traded as high as $52.52 and as low as $24.80.

The top ETF exchange traded funds that FCX belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

FCX has outperformed the market in the last year with a return of +44.6%, while the SPY ETF gained +27.8%. In the last 3 month period, FCX beat the market returning +38.7%, while SPY returned +4.2%. However, in the most recent 2 weeks FCX has underperformed the stock market by returning +2.2%, while SPY returned +2.5%.

FCX support price is $49.73 and resistance is $52.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FCX stock will trade within this expected range on the day.