Freeport-McMoRan (FCX) Off To A Strong Start In Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Freeport-McMoRan ( FCX) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Freeport-McMoRan as such a stock due to the following factors:

  • FCX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $285.9 million.
  • FCX traded 19,185 shares today in the pre-market hours as of 8:21 AM.
  • FCX is up 2.8% today from yesterday's close.

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More details on FCX:

Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, as well as oil and gas. The stock currently has a dividend yield of 1%. Currently there are 9 analysts that rate Freeport-McMoRan a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Freeport-McMoRan has been 18.4 million shares per day over the past 30 days. Freeport-McMoRan has a market cap of $20.4 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.33 and a short float of 4.6% with 3.05 days to cover. Shares are down 16.9% year-to-date as of the close of trading on Monday.

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