Down 1.2% to $33.28, Freeport-McMoRan (NYSE:FCX), is one of today's notable movers. The Dow is down 0.5% to 13,035 and the S&P is currently down 0.4% to 1,412.
Freeport-McMoRan share prices have moved between a 52-week high of $48.96 and a 52-week low of $30.54 and are now trading 9% above that low price at $33.28 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.2%.
Freeport-McMoRan Copper & Gold, Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.
There is potential upside of 27.4% for shares of Freeport-McMoRan based on a current price of $33.28 and an average consensus analyst price target of $42.41. The stock should run into initial resistance at its 200-day moving average (MA) of $36.36 and subsequent resistance at its 50-day MA of $37.20.