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Company Update (NYSE:FCX): DEADLINE ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from Investment in Freeport-McMoRan Inc. to Contact Brower Piven before the Lead Plaintiff Deadline in Class Action Lawsuit

[Business Wire] – The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the District of Arizona on behalf of purchasers of Freeport-McMoRan Inc. Read more on this. Freeport-McMoRan Inc. (FCX) , valued at $13.76B, started the session at $10.56. Looking at the stock, its one day range is $10.43 to $11.20 with a trailing 52-week range being $3.52 to $23.97. Priced at 108.00x this year’s forecasted earnings, FCX shares are relatively expensive compared to the industry’s -1.98x 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 $0.02 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $0.10 would be a $0.18 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. Investors should keep in mind is that the average price target is $6.90, which is 34.66% 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 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) – 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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