Freeport-McMoRan Inc (NYSE:FCX) has earned a “BB” credit rating from analysts at Morningstar. The firm’s “BB” rating suggests that the company is an above-average default risk. They also gave their stock a three star rating.

Several other research firms have also recently issued reports on FCX. HSBC decreased their price target on Freeport-McMoRan from $17.50 to $13.50 in a research note on Tuesday, January 12th. BMO Capital Markets increased their target price on shares of Freeport-McMoRan from $4.50 to $5.00 in a research report on Wednesday. Vetr raised shares of Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $13.42 target price on the stock in a research note on Tuesday, October 13th. Nomura dropped their price target on shares of Freeport-McMoRan from $12.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Jefferies Group lowered shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research note on Tuesday, January 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.77.

Shares of Freeport-McMoRan (NYSE:FCX) opened at 4.60 on Friday. The firm has a 50-day moving average of $5.55 and a 200-day moving average of $9.55. Freeport-McMoRan has a 52-week low of $3.52 and a 52-week high of $23.97. The stock’s market cap is $5.75 billion.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Tuesday, January 26th. The natural resource company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.15. During the same quarter in the previous year, the business posted $0.25 EPS. The company earned $3.80 billion during the quarter, compared to analyst estimates of $3.89 billion. The company’s revenue was down 27.5% compared to the same quarter last year. On average, equities analysts expect that Freeport-McMoRan will post $0.12 EPS for the current fiscal year.

Freeport-McMoRan Inc. (NYSE:FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in North America. The Company is also engaged in operating copper conversion facilities located in North America, and a refinery, three rod mills and a specialty copper products facility. The Company’s Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes.

12 Month Chart for NYSE:FCX

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