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Vetr Top Raters Upgrade Freeport-McMoRan To 4.5-Star Stock

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Shares of Freeport-McMoRan Inc (NYSE: FCX) have lost more than 40 percent since the start of 2016 and more than 80 percent over the past year.

The stock's under-performance likely led the Vetr crowd to recognize the underlying value and a more favorable risk to reward profile given its deflated price.

The Vetr crowd upgraded Freeport-McMoRan's stock rating to 4.5-stars out of a possible 5 stars. In fact, shares of Freeport-McMoRan have risen to $3.94 since the prior rating of 3.5-stars was issued just 4 days again.

Related link: Here's how crowdsourced ratings can beat the market.

In addition to an upgrade to bull territory, 88 percent of the crowd's ratings are bullish and the crowd sourced price target of $4.47 implies a potential upside of more than 15 percent.

"I can't see how that pre-market earnings report on 1/26 is going to do anything but lower this stock price," Charles Simonds, a member of the Vetr crowd opined before adding, "All FCX really has to do is make it look like they can avoid bankruptcy and I bet there will be a lot of profit potential in this stock - if they can actually avoid bankruptcy, spin-off their O&G business, and get their debt under long-term control then there might be a fortune to be made here."

However, the crowd member further suggested that prior to gaining momentum, Freeport-McMoRan's stock will "hit a new 52-week low on Tuesday."

Latest Ratings for FCX

DateFirmActionFromTo
Nov 2016BerenbergDowngradesHoldSell
Nov 2016Deutsche BankDowngradesBuyHold
Oct 2016Bank of AmericaInitiates Coverage OnUnderperform

View More Analyst Ratings for FCX
View the Latest Analyst Ratings

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