Freeport-McMoran, Inc. (NYSE:FCX) Given Price Target Of $11.5


As per Freeport-McMoran, Inc. (NYSE:FCX)’s news release on 2015-09-30, its shareholders will get cash dividend of $0.05 per share. The recent press release updated on the record date and payout date, which stands at 2015-10-15 and 2015-11-02, respectively.

The stock will commence trading ex-dividend from 2015-10-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Freeport-McMoran, Inc. (NYSE:FCX) disbursed $0.05 in dividend compared to distribution of $0.05, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -54.16%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Freeport-McMoran, Inc. (NYSE:FCX) to attain a price target of $11.5. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $15. The low price range is set at $8 for next year while the arithmetic mean is seen at 2.69.

Eyeing Earnings Freeport-McMoran, Inc. (NYSE:FCX) is likely to post quarterly numbers around 2016-10-27 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.18 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Freeport-McMoran, Inc. (NYSE:FCX) earnings came at $-0.02 suggesting a deviation of $-0.01. The brokerages targeted EPS of $-0.01 for the quarter.

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