[ Business Wire] – The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Arizona on behalf of investors who purchased Freeport-McMoRan Inc. Read more on this. Freeport-McMoRan Inc. (FCX) , with a current market cap of $9.29B, opened at $7.70. Looking at the stock , its one day range is $7.31 to $7.80 and has traded between $3.52 and $23.97 over the past year. Priced at 64.73x this year’s forecasted earnings, FCX shares are relatively expensive compared to the industry’s -15.41x forward p/e ratio. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $-0.19 per share, which would be $0.00 better than the year-ago quarter and a $0.21 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.11, which would be a $0.19 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.45 Billion. If reported, that would be a 16.87% decrease over the year-ago quarter. More recently, Citigroup downgraded FCX from Neutral to Sell (Feb 23, 2016). Previously, Argus downgraded FCX from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $6.21, which is 19.35% below than it opened this morning. See more in (NYSE:FCX) Similar Articles: Company Update (NYSE:FCX): INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Freeport-McMoRan Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of March 28, 2016 – FCX Stock Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – STOCK ALERT: Rosen Law Firm Reminds Freeport-McMoRan Inc. Investors of the Important Deadline in Class Action – FCX Stock Update: Freeport-McMoRan Copper & Gold Inc (NYSE:FCX) – INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Freeport-McMoRan Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of March 28, 2016 — FCX