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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

[GlobeNewswire] – NEW YORK, Feb. 16, 2016– The following statement is being issued by Levi& Korsinsky, LLP:. To: All persons or entities who purchased or otherwise acquired securities of Freeport-McMoRan Inc. between February … Read more on this. Freeport-McMoRan Inc. (FCX) , valued at $7.96B, began trading this morning at $5.81. Today, shares have traded between $5.80 and $6.38 per share with a one year range of $3.52 to $23.97. FCX shares are currently priced at 92.17x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 0.84x forward p/e ratio. Consensus earnings for the current quarter by the 14 sell-side analysts covering the stock is an estimate of $-0.19 per share, which would be $0.00 better than the year-ago quarter and a $0.21 sequential increase. The full-year EPS estimate is $0.06, which would be a $0.14 better than last year. 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, Argus downgraded FCX from Buy to Hold (Feb 3, 2016). Previously, Jefferies downgraded FCX from Buy to Hold. Investors should keep in mind is that the average price target is $6.08, which is 4.65% above where the stock opened this morning. See more in (NYSE:FCX) Similar Articles: 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 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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