Freeport-McMoRan (FCX) Stock Declines While Market Improves: Some Information for Investors

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside- audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.11% lower. Freeport-McMoRan is currently sporting a Zacks Rank of #3 (Hold). Looking at its valuation, Freeport-McMoRan is holding a Forward P/E ratio of 23.32. This denotes a premium relative to the industry's average Forward P/E ...