Bank of America Securities Keeps Their Buy Rating on Freeport-McMoRan (FCX)

Bank of America Securities analyst Lawson Winder reiterated a Buy rating on Freeport-McMoRan today and set a price target of $68.00.

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According to TipRanks, Winder is a 5-star analyst with an average return of 23.0% and a 60.90% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Newmont Mining, and Eldorado Gold.

In a report released yesterday, TipRanks – Anthropic also upgraded the stock to a Buy with a $72.00 price target.

Based on Freeport-McMoRan’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.63 billion and a net profit of $406 million. In comparison, last year the company earned a revenue of $5.88 billion and had a net profit of $274 million

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FCX in relation to earlier this year. Earlier this month, Stephen T. Higgins, the EVP & CAO of FCX sold 29,654.00 shares for a total of $1,868,202.00.