The Indonesian unit of Freeport-McMoRan Inc. (NYSE:FCX) is aiming to start construction of a copper smelter in mid-2020. Pratama said the smelter is scheduled to start production late in 2023, with input capacity of 2 million tonnes of copper concentrate. Freeport agreed to build a copper smelter in Indonesia within five years of closing a deal last December with the Indonesian government on the operatorship of the giant Grasberg copper mine.
Technical Stock Analysis
Freeport-McMoRan Inc. (NYSE:FCX), a Basic Materials sector firm, traded 21.98 Million shares in last trading session and stock shed -0.35% with closing price of $11.34 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and Freeport-McMoRan Inc. (NYSE:FCX)’s gross margin stands at 23.10%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a Freeport-McMoRan Inc. (NYSE:FCX)’s profitability or to compare the efficiency of different investments, hence, FCX return on investment (ROI) is 17.40%.
52-Week Range
52-Week Range are valuable stats for watching Freeport-McMoRan Inc. (NYSE:FCX)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. Freeport-McMoRan Inc. (NYSE:FCX)’s stock value has moved between $9.45 – 18 in last one year.
Analyst’s Views
Analysts mean target price for Freeport-McMoRan Inc. (NYSE:FCX) is $14.50 while analysts mean recommendation is 2.70.
Stock Performance
Its weekly performance is 6.48% while year to date (YTD) performance is 9.99%.
EPS Growth
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. Freeport-McMoRan Inc. (NYSE:FCX)’s EPS growth this year is 82.90%. For best decision making investors should look at Freeport-McMoRan Inc. (NYSE:FCX)’s EPS growth for next year stands at 131.16%.
