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

[GlobeNewswire] – SAN FRANCISCO, Feb. 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 $8.50B, opened this morning at $7.40. During the trading session, FCX traded between $6.65 to $7.42 and has traded between $3.52 and $23.97 over the past year. Freeport-McMoRan (FCX) shares are currently priced at 65.09x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 0.84x earnings multiple for the same period. Consensus earnings for the current quarter by the 15 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. Investors should also note that the full-year EPS estimate of $0.11 is a $0.19 improvement when compared to the previous 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. Recently, Argus downgraded FCX from Buy to Hold (Feb 3, 2016). Previously, Jefferies downgraded FCX from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $6.21, which is 16.08% below than it 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 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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