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Company Update (NYSE:FCX): Investor Alert: The Law Offices of Howard G. Smith Announces The Filing Of A Securities Class Action On Behalf Of Freeport-McMoRan Inc. Investors

[Business Wire] – Law Offices of Howard G. Smith announces that a class action lawsuit has been filed 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) , valued at $12.66B, started the session at $9.32. Shares have traded today between $9.17 and $10.50 per share with its 52-week range being $3.52 to $23.97. FCX shares are currently priced at 75.92x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -12.97x forward p/e ratio. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $-0.20 per share, which would be $0.00 better than the year-ago quarter and a $0.16 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.12 would be a $0.20 improvement when compared to the previous year’s annual results. 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. Recently, BofA/Merrill upgraded FCX from Underperform to Neutral (Mar 1, 2016). Previously, Berenberg Initiated FCX at to Hold. With the above information in mind, readers should note that the average price target is $6.58, which is 29.40% below where the stock opened this morning. See more in (NYSE:FCX) Similar Articles: Market Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – INVESTOR ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving Freeport-McMoRan Inc. and a Lead Plaintiff Deadline of March 28, 2016 – FCX Stock Update (NYSE:FCX): FCX Investors: GPM Announces The Filing Of A Securities Class Action On Behalf Of Freeport-McMoRan Inc. Investors Company Update (NYSE:FCX): INVESTOR ALERT: Investigation of Freeport-McMoRan Inc. Announced by Law Offices of Howard G. Smith
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