Company Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Freeport-McMoRan Inc. of Class Action Lawsuit and Upcoming Deadline – FCX

[GlobeNewswire] – NEW YORK, Feb. 09, 2016– Pomerantz LLP announces that a class action lawsuit has been filed against Freeport-McMoRan Inc. and certain of its officers. The class action, filed in United States District … Read more on this. Freeport-McMoRan Inc. (FCX) , with a current value of $6.38B, opened this morning at $5.11. Looking at today’s market, FCX one day range is $5.04 to $5.40 with a one year range of $3.52 to $23.97. Priced at 32.94x this year’s forecasted earnings, FCX shares are relatively inexpensive compared to the industry ’s 40.60x forward p/e ratio. According to a consensus of 13 analysts, the earnings estimate of $-0.19 per share would be $0.00 better than the year-ago quarter and a $0.21 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 based on a consensus revenue forecast of the current quarter of $3.46 Billion. If realized, that would be a 16.63% decrease over the year-ago quarter. In terms of ratings, Argus downgraded FCX from Buy to Hold (Feb 3, 2016). Previously, Jefferies downgraded FCX from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $7.18, which is 40.51% above than it opened this morning. See more in (NYSE:FCX) Similar Articles: 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 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