Shares of Freeport-McMoRan ( FCX 3.30% ) have rallied more than 15% over the past five trading days, according to data provided by S&P Global Market Intelligence. The primary factor driving the mining company’s stock is higher copper prices.
Similarly, Is FCX a good buy now?
The financial health and growth prospects of FCX, demonstrate its potential to outperform the market. It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
Is FCX overvalued? The stock of Freeport-McMoRan (NYSE:FCX, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation.
Thereof, Should I sell Freeport-McMoRan?
15 Wall Street analysts have issued « buy, » « hold, » and « sell » ratings for Freeport-McMoRan in the last year. There are currently 2 sell ratings, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should « hold » Freeport-McMoRan stock.
What is Zacks rating of CLF?
CLF 32.36 +0.15(0.47%)
Zacks Investment Research is releasing its prediction for CLF based on the 1-3 month trading system that nearly triples the S&P 500.
What is VGM score?
Zacks Rank + Style Scores = Bigger Returns
We also produce the VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual Style Scores into one score. This is perfectly suited for those who want their stocks to have the best scores across the board.
Is CLF overvalued?
Price to Book Ratio
PB vs Industry: CLF is overvalued based on its PB Ratio (2.9x) compared to the US Metals and Mining industry average (2.5x).
Is CLF a good buy?
Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $31.83.
Is CLF a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is Zacks a good buy?
That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
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(Delayed Data from NSDQ)
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Which is better Zacks or Morningstar?
Zacks is much more quantitative in nature, while Morningstar uses fundamental analysis as a larger part of its recommendations. Morningstar appears to base its recommendations on an unbiased scale, while the Zacks Investment Research rating system is based solely on giving its members the most potential for profit.
What does Zacks Rank 2 mean?
Lower scores are better than higher scores. In order to get a lower score, an industry group must have a greater proportion of stocks with Zacks Rank of #1 (« Strong Buy ») or #2 (« Buy »). These are stocks with the most positive trend in earnings estimate revisions.
How much debt is CLF?
Compare CLF With Other Stocks
| Cleveland-Cliffs Debt/Equity Ratio Historical Data | ||
|---|---|---|
| Date | Long Term Debt | Shareholder’s Equity |
| 2019-06-30 | $3.11B | $0.29B |
| 2019-03-31 | $3.05B | $0.26B |
| 2018-12-31 | $3.11B | $0.42B |
Is CLF undervalued?
(NYSE:CLF) Suggests It’s 49% Undervalued.
What is CLF debt?
What Is Cleveland-Cliffs’s Net Debt? As you can see below, at the end of September 2021, Cleveland-Cliffs had US$5.35b of debt, up from US$4.31b a year ago. Click the image for more detail.
Who owns CLF stock?
Top 10 Owners of Cleveland-Cliffs Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.92% | 41,589,740 |
| BlackRock Fund Advisors | 6.62% | 34,797,978 |
| Fidelity Management & Research Co… | 4.59% | 24,101,186 |
| SSgA Funds Management, Inc. | 2.91% | 15,270,791 |
How do analysts rate CLF stock?
Stock Price Forecast
The 8 analysts offering 12-month price forecasts for Cleveland-Cliffs Inc have a median target of 31.00, with a high estimate of 46.00 and a low estimate of 23.50. The median estimate represents a +0.81% increase from the last price of 30.75.
Is PayPal a buy Zacks?
– Hold. Zacks’ proprietary data indicates that PayPal Holdings, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the PYPL shares relative to the market in the next few months.
What sector is CLF stock?
Description. Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America.
What are Zacks Rank 1 stocks?
The Zacks #1 Rank List is the best place to start your stock search each morning. It’s made up of the top 5% of stocks with the most potential. Each weekday, you can quickly see the Zacks #1 Rank Top Movers from Value to Growth, Momentum and Income, even VGM Score.
Is Zacks Rank reliable?
I have also found that the Zacks rating system is one of the most accurate and effective to be found among brokerages, investment banks, and stock advisory services.
How much does a subscription to Zacks cost?
Subscription: $59/month or $495/year. Our unique Zacks Ultimate program gives you full 30-day access to Zacks’ market insights and the most private picks from ALL of our portfolio recommendation services for only $1. Even those that are so exclusive they’ve been closed to new investors.
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