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Freeport-McMoRan (NYSE:FCX) Trading Up 2.3% – Time to Buy?
['Kim Johansen']
Markets Daily
Freeport-McMoRan Inc. (NYSE:FCX – Get Free Report) was up 2.3% during trading on Thursday .
More Freeport-McMoRan NewsHere are the key news stories impacting Freeport-McMoRan this week:Get Freeport-McMoRan alerts:Positive Sentiment: FCX hit an all-time high intraday, reflecting momentum as copper rallies and investor interest climbs.
Jefferies Financial Group restated a “buy” rating and set a $68.00 price objective on shares of Freeport-McMoRan in a research note on Monday, January 5th.
Finally, Citigroup lifted their price objective on Freeport-McMoRan from $48.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, January 12th.
Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company.