Freeport McMoRan (FCX, Financial) experienced mixed sentiment in the options market as its shares declined by $1.00, settling around $41.19. The trading volume for options was relatively low, with 31,000 contracts exchanged, and calls were more prevalent than puts, resulting in a put/call ratio of 0.86, slightly higher than the typical 0.79.
The implied volatility index (IV30) for FCX increased by 0.2 points, reaching 37.39, yet it remained below the 52-week median. This indicates an anticipated daily price movement of $0.97. Additionally, the put-call skew flattened, hinting at a mildly optimistic outlook for the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Freeport-McMoRan Inc (FCX, Financial) is $46.30 with a high estimate of $60.04 and a low estimate of $27.32. The average target implies an upside of 12.65% from the current price of $41.10. More detailed estimate data can be found on the Freeport-McMoRan Inc (FCX) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Freeport-McMoRan Inc's (FCX, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Freeport-McMoRan Inc (FCX, Financial) in one year is $47.47, suggesting a upside of 15.5% from the current price of $41.1. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Freeport-McMoRan Inc (FCX) Summary page.