B.Riley FBR Keeps Their Buy Rating on Freeport-McMoRan (FCX)


In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Freeport-McMoRan (NYSE: FCX), with a price target of $18. The company’s shares closed yesterday at $14.01.

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 7.5% and a 61.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and Novagold Resources Inc New.

Freeport-McMoRan has an analyst consensus of Hold, with a price target consensus of $17.46.

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Freeport-McMoRan’s market cap is currently $20.3B and has a P/E ratio of 7.12. The company has a Price to Book ratio of 2.14.

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Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations.

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