Company Update (NYSE:FCX): SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Freeport-McMoRan Inc. (FCX)

[PR Newswire] – NEW YORK, Jan. 20, 2016 /PRNewswire/ — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Freeport-McMoRan Inc. (“Freeport-McMoRan” … Read more on this. Freeport-McMoRan Inc. (FCX) , with a current value of $4.26B, started the session at $3.77. Looking at today’s market, FCX one day range is $3.56 to $3.80 with a one year range of $3.56 to $23.97. FCX shares are currently priced at -28.29x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 31.06x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $-0.12 per share, which would be $0.25 better than the year-ago quarter and a $0.09 sequential increase. The full-year EPS estimate is $-0.14 which would be a $2.10 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.90 Billion. If reported, that would be a 25.57% decrease over the year-ago quarter. Recently, Jefferies downgraded FCX from Buy to Hold (Jan 12, 2016). Previously, Macquarie downgraded FCX from Outperform to Neutral. The average price target for FCX shares by the analysts covering it is $8.57, which is 127.32% above where the stock opened. See more in (NYSE:FCX) Similar Articles: 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 Company Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – Freeport-McMoRan Completes $1 Billion at-the-Market Equity Offering and Files Prospectus Supplement for up to $1 Billion in Additional at-the-Market Sales of Common Stock