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Company Update (NYSE:FCX): Hagens Berman Reminds Freeport-McMoran Inc. (NYSE: FCX) Investors of Upcoming March 28, 2016 Lead Plaintiff Deadline

[GlobeNewswire] – SAN FRANCISCO, March 18, 2016– Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, with offices in Phoenix, Arizona, reminds Freeport-McMoran Inc. investors of the March 28, 2016 lead … Read more on this. Freeport-McMoRan Inc. (FCX) , valued at $13.24B, began trading this morning at $11.04. A quick look at the market, the company’s stock traded between $10.44 and $11.45 and has traded between $3.52 and $23.97 over the past 12 months. FCX shares are currently priced at 113.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -17.86x earnings multiple. 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 $0.02 sequential increase. What we find to be interesting is that the full-year EPS estimate of $0.09 is a $0.17 better when compared to the previous year’s annual results. 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, BofA/Merrill upgraded FCX from Underperform to Neutral (Mar 1, 2016). Previously, Berenberg Initiated FCX at to Hold. The average price target for FCX shares by the analysts covering the stock is $6.90, which is 37.50% below where the stock opened this morning. See more in (NYSE:FCX) Similar Articles: Market Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Freeport-McMoRan Inc. (FCX) and Lead Plaintiff Deadline: March 28, 2016 Stock Update (NYSE:FCX): Hagens Berman Reminds Freeport-McMoran Inc. (NYSE:FCX) Investors of March 28, 2016, Lead Plaintiff Deadline 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
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