Market Update (NYSE:FCX): Identifying Opportunity, Placing Risk – Analyst Notes on Freeport-McMoRan, Transportadora de Gas del Sur, Ambev and ArcelorMittal

[Accesswire] – NEW YORK, NY / ACCESSWIRE / December 23, 2015 / Moments ago, Trader’s Choice released new research updates concerning several important developing situations including the following equities: Freeport-McMoRan … Read more on this. Freeport-McMoRan Inc. (FCX) , with a current market cap of $8.87B, started trading this morning at $6.71. Looking at the equity, the company’s one day range is $6.70 to $7.53 with its 52-week range being $6.08 to $23.97. Priced at -53.50x this year’s forecasted earnings, FCX shares are relatively inexpensive compared to the industry’s 29.72x forward p/e ratio. According to a consensus of 14 analysts, the earnings estimate of $-0.06 per share would be $0.25 better than the year-ago quarter and a $0.21 sequential increase. Investors should also note that the full-year EPS estimate of $-0.12 is a $2.08 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.11 Billion. If realized, that would be a 21.56% decrease over the year-ago quarter. Recently, Citigroup downgraded FCX from Buy to Neutral (Sep 1, 2015). Previously, Morgan Stanley upgraded FCX from Equal-Weight to Overweight. Investors should keep in mind is that the average price target is $12.36, which is 84.20% above where the stock opened this morning. See more in (NYSE:FCX) Similar Articles: 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-McMoRan Completes $1 Billion at-the-Market Equity Offering and Files Prospectus Supplement for up to $1 Billion in Additional at-the-Market Sales of Common Stock Stock Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – Indonesia, Freeport agree 6-month export permit extension