Stock Watch: Freeport-McMoRan Inc (NYSE:FCX)

Freeport-McMoRan Inc (NYSE:FCX) is seeing mixed views from analysts that have issued recommendations in the past three months.  One has listed the stock as a Buy while five have it rated a Hold.  The average price target of these recent recommendations is $31.50, or a 35% upside to the current share price.  The high estimate being $35 and the lowest being $29.

Freeport-McMoRan Inc (FCX), On 10/28/2014, FCX reported 3 quarter 2014 earnings of $0.64 per share. This result was in-line with the consensus of the 21 analysts following the company and missed last year’s 3 quarter results by 17.95%. The next tentative earnings announcement is expected on 01/20/2015.

Insufficient price earnings data. FCX’s PE ratio is below the Metal Mining industry average and signals that investors are not willing to pay a premium for this stock.

Freeport-McMoRan Inc (NYSE:FCX)‘s PE ratio is among the lowest of any stock in the Semiconductors industry and signals that investors have not been willing to pay a premium for this company’s business prospects. Additionally, during the past year, earnings growth has outpaced its historical five year growth rate.

In terms of ratings, there are twenty one analysts that cover the stock which have provided Q4 2014 earnings per share estimates. The consensus anticipated number for the upcoming quarter is $0.40. The highest estimate is $0.55 while the lowest is $0.15. The company has a one year EPS growth rate of -17.11%.

About Freeport-McMoRan

Freeport-McMoRan Inc (NYSE:FCX) is a United States-based natural resources company with a global portfolio of mineral assets, including copper, gold, and molybdenum, in addition to oil and gas resources. FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia; mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America; the Tenke Fungurume minerals district in the Democratic Republic of Congo, and oil and natural gas assets in North America, including reserves in the Deepwater GOM, onshore and offshore California and in the Haynesville natural gas shale play, and a position in the water Inboard Lower Tertiary/Cretaceous natural gas trend on the Shelf of the GOM and onshore in South Louisiana.