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Company Update (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

[GlobeNewswire] – NEW YORK, March 09, 2016– Pomerantz LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. and certain of its officers. The class action, filed in United States District … Read more on this. Freeport-McMoRan Inc. (FCX) , currently valued at $11.27B, opened this morning at $8.91. Looking at the stock, its one day range is $8.47 to $9.02 and has traded between $3.52 and $23.97 over the past 12 months. FCX shares are currently priced at 78.73x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -14.73x 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 $0.09 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.11, which would be a $0.19 better when compared to the last 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. More recently, BofA/Merrill upgraded FCX from Underperform to Neutral (Mar 1, 2016). Previously, Berenberg Initiated FCX at to Hold. Investors should keep in mind is that the average price target is $6.72, which is 24.58% below where the stock opened this morning. See more in (NYSE:FCX) Similar Articles: Company Update (NYSE:FCX): INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Freeport-McMoRan Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of March 28, 2016 – FCX 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
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