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Stock Update (NYSE:FCX): FCX Investors: GPM Announces The Filing Of A Securities Class Action On Behalf Of Freeport-McMoRan Inc. Investors

[ Business Wire] – Glancy Prongay & Murray LLP announces the filing of a class action lawsuit on behalf of investors who purchased Freeport-McMoRan Inc. securities between February 27, 2015 and January 15, 2016, inclusive . Read more on this. Freeport-McMoRan Inc. (FCX) , currently valued at $9.91B, began trading this morning at $7.27. Shares have traded today between $7.27 and $7.97 per share and has traded between $3.52 and $23.97 over the past 12 months. FCX shares are currently priced at 65.00x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 0.84x forward p/e ratio. According to a consensus of 15 analysts, the earnings estimate of $-0.19 per share would be $0.00 better than the year-ago quarter and a $0.21 sequential increase. The full-year EPS estimate is $0.11, which would be a $0.19 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.45 Billion. If reported, that would be a 16.87% decrease over the year-ago quarter. In terms of ratings, Argus downgraded FCX from Buy to Hold (Feb 3, 2016). Previously, Jefferies downgraded FCX from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $6.21, which is 14.58% below than it opened this morning. See more in (NYSE:FCX) Similar Articles: Stock Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – STOCK ALERT: Rosen Law Firm Reminds Freeport-McMoRan Inc. Investors of the Important Deadline in Class Action – FCX Company Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Freeport-McMoRan Inc. of Class Action Lawsuit and Upcoming Deadline – FCX Stock Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Freeport-McMoRan Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of March 28, 2016 — FCX
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