Stifel Nicolaus analyst Ralph M. Profiti maintained a Buy rating on Freeport-McMoRan today and set a price target of $57.00. The company’s shares closed yesterday at $45.19.
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According to TipRanks, M. Profiti is a 3-star analyst with an average return of 5.6% and a 50.50% success rate. M. Profiti covers the Basic Materials sector, focusing on stocks such as Lundin Mining, K92 Mining, and Southern Cross Gold Consolidated.
Currently, the analyst consensus on Freeport-McMoRan is a Moderate Buy with an average price target of $53.21, representing a 17.75% upside. In a report released on July 10, BMO Capital also maintained a Buy rating on the stock with a $55.00 price target.
The company has a one-year high of $52.61 and a one-year low of $27.66. Currently, Freeport-McMoRan has an average volume of 13.21M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FCX in relation to earlier this year. Last month, Ellie L. Mikes, the CAO of FCX sold 8,584.00 shares for a total of $343,445.84.
Read More on FCX:
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- Freeport-McMoRan, Inc. (FCX) Q2 Earnings Cheat Sheet
- Freeport-McMoRan, Amarc launch 2025 Aurora, Joy copper-gold district drilling
- Freeport-McMoRan downgraded to Equal Weight from Overweight at Morgan Stanley