Freeport-McMoRan Inc. (FCX - Free Report) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock has gained 18.7% in the past one-month time frame.
In the last 30 days, the company witnessed six negative estimate revisions and the Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Freeport-McMoRan currently has a Zacks Rank #3 (Hold).
FREEPT MC COP-B Price
A better-ranked stock in the same industry is Coeur Mining, Inc. (CDE - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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