Freeport-mcmoran Inc. | FCX

Daily Technical Analysis of Freeport-mcmoran Inc.

Not too much action today, Freeport-mcmoran drifted down slightly. We'll see where it goes next.

Freeport-mcmoran doesn't seem to be at a very clear reversal point in either direction. FCX hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. FCX might find some support at the 43.73 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Freeport-mcmoran By Price Target And Rating

The analysts feel fairly neutral on the prospects for Freeport-McMoran but a little more positive than negative. The current Analysts Sentiment Score is 11.89. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Scotiabank boosted their price targ by 14.58% to $55.00 on 2024-04-09. Bank of America announced an upgrade on 2024-04-09 from Neutral to Buy and added a price target of $59.00. Royal Bank of Canada announced that they are reiterating a rating of Sector Perform on 2024-01-25 and added a price target of $55.00. Sanford C. Bernstein upgraded from Market Perform to Outperform on 2024-01-08 and provided a price target boost 18.29% to $48.50 from $41.00. Raymond James gave a boost to their price target and moved to $43.00 from $42.00 on 2024-01-04. On 2023-12-13 UBS Group lowered their price target by -2.38% to $41.00. Morgan Stanley announced a lowering of their price target to $40.00 from $41.00 on 2023-12-07. Eight Capital decided to set a 1 year price targe of $55.00. BMO Capital Markets provided a price target decease of -4.26% to $45.00 from $47.00 on 2023-10-20. JPMorgan Chase & Co. announced that they are initiating coverage with a rating of Neutral on 2023-10-17 and they set their price target at $42.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Freeport-McMoran

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Freeport-McMoran

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.