Freeport-McMoRan Copper & Gold (NYSE:FCX) announced a quarterly dividend on Wednesday, September 25th, AnalystRatingsNetwork reports. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.3125 per share on Friday, November 1st. This represents a $1.25 annualized dividend and a dividend yield of 3.69%.
FCX has been the subject of a number of recent research reports. Analysts at Barclays Capital upgraded shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) from a “market weight” rating to an “overweight” rating in a research note to investors on Monday, September 9th. On the ratings front, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) in a research note to investors on Tuesday, August 6th. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) in a research note to investors on Tuesday, July 30th. They set an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Freeport-McMoRan Copper & Gold currently has an average rating of “Buy” and an average target price of $37.31.
Shares of Freeport-McMoRan Copper & Gold (NYSE:FCX) opened at 33.83 on Thursday. Freeport-McMoRan Copper & Gold has a 1-year low of $26.37 and a 1-year high of $42.89. The stock’s 50-day moving average is $31.90 and its 200-day moving average is $30.74. The company has a market cap of $35.111 billion and a P/E ratio of 12.05.
Freeport-McMoRan Copper & Gold (NYSE:FCX) last released its earnings data on Tuesday, July 23rd. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.08. The company had revenue of $4.29 billion for the quarter, compared to the consensus estimate of $4.28 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that Freeport-McMoRan Copper & Gold will post $2.46 earnings per share for the current fiscal year.
Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) is an international mining company.
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