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Stock Update (NYSE:FCX): Active Equities to Watch in the Basic Materials Sector — Freeport-McMoRan, Alcoa, Century Aluminum, and Southern Copper

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 23, 2016 / Park Lane Advisor has initiated coverage on the following equities: Freeport-McMoRan Inc. (NYSE: FCX), Alcoa Inc. (NYSE: AA), Century Aluminum Company (NASDAQ: … Read more on this. Freeport-McMoRan Inc. (FCX) , valued at $9.39B, started trading this morning at $7.56. During the trading session, FCX traded between $7.37 to $7.74 and has traded between $3.52 and $23.97 over the past year. Priced at 72.09x this year’s forecasted earnings, FCX shares are relatively expensive compared to the industry ’s 0.84x forward p/e ratio. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $-0.19 per share, which 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’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.45 Billion. If realized, that would be a 16.87% decrease over the year-ago quarter. More recently, Argus downgraded FCX from Buy to Hold (Feb 3, 2016). Previously, Jefferies downgraded FCX from Buy to Hold. When considering if the stock is under or overvalued, the average price target is $6.21, which is 17.86% below where the stock 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 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 Market Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock
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