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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

[Marketwired] – 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 27, 2015 and January…… Read more on this. Freeport-McMoRan Inc. (FCX) , valued at $6.98B, opened this morning at $5.57. Today, shares have traded between $5.45 and $5.98 per share with a trailing 52-week range being $3.52 to $23.97. FCX shares are currently priced at 35.75x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.60x earnings multiple. Consensus earnings for the current quarter by the 13 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 $0.19 sequential increase. The full-year EPS estimate is $0.16, which would be a $0.24 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.46 Billion. If reported, that would be a 16.63% 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. The average price target for FCX shares by the analysts covering the stock is $7.18, which is 28.90% above where the stock opened this morning. See more in (NYSE:FCX) Similar Articles: Company Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – Freeport-McMoRan Elects Gerald J. Ford Non-Executive Chairman and Names James R. Moffett Chairman Emeritus Market Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock Company Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – Freeport Indonesia’s copper shipments fall in August – union
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