Freeport-McMoran, Inc. (NYSE:FCX) Upgraded at BidaskClub

Xavier Trudeau
Juillet 18, 2017

Cantor Fitzgerald maintained it with "Buy" rating and GBX 24 target in Wednesday, September 21 report. The firm has "Buy" rating by UBS given on Thursday, December 1.

On July 12 the stock rating was downgraded to "Sell" from "Sell" in a report from Berenberg. The company was maintained on Monday, November 14 by Cantor Fitzgerald. FBR & Co reissued a "hold" rating and issued a $13.00 price objective on shares of Freeport-McMoran in a report on Wednesday, April 5th. FLIR's profit would be $56.03 million giving it 23.02 P/E if the $0.41 EPS is correct. Freeport-McMoran has a 52-week low of $9.24 and a 52-week high of $17.06.

The company is up by 0.04% since yesterday's close of $12.595. It traded in a range of $168.52 and $169.92, exchanging hands with 2.94 million shares.

Freeport-McMoRan Inc. closed its last trading session at $12.48 with the gain of 0.96%. It has underperformed by 9.87% the S&P500. The stock attained the volume of 11.89 million shares contrast to its average daily volume of 17.49 million shares. Its up 0.02, from 1.01 in 2016Q3. New York State Teachers Retirement System owned about 0.14% of Freeport-McMoran worth $27,211,000 at the end of the most recent reporting period. First Republic Invest Mgmt Inc reported 89,106 shares. Ibm Retirement Fund has 124,325 shares. Kcg owns 13,100 shares or 0.01% of their United States portfolio. Homrich And Berg reported 0.11% of its portfolio in Dekeloil Public Ltd (LON:DKL). 8,000 were reported by Berson & Corrado Investment Advisors. Keybank National Association Oh stated it has 10,848 shares or 0% of all its holdings. Jfs Wealth Advsr Lc holds 1,170 shares. Washington Bancorp holds 0% or 105 shares in its portfolio. The stock increased 0.19% or $0.07 on July 14, reaching $37.76.

These firms have also modified their investment in FCX. It has a 42.04 P/E ratio.

The company's consensus rating on Reuter's scale improved from 2.89 to 3 during a month. Oregon Public Employees Retirement Fund now owns 281,224 shares with a value of $3,378,000.

Since February 1, 2017, it had 0 insider purchases, and 4 selling transactions for $2.34 million activity. About 16.53M shares traded.

Freeport-McMoRan a mining company. The company has market cap of $18.40 billion. The Firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's divisions include refined copper products, copper in concentrate, gold, molybdenum, oil and other. Therefore 25% are positive. Equities research analysts anticipate that Freeport-McMoran will post $0.99 earnings per share for the current fiscal year. The stock of The Medicines Company (NASDAQ:MDCO) earned "Buy" rating by JP Morgan on Saturday, August 29. The stock of Freeport-McMoRan Inc (NYSE:FCX) has "Buy" rating given on Monday, July 10 by Jefferies. The firm has "Hold" rating given on Thursday, January 19 by SunTrust. Argus Research downgraded the stock to "Hold" rating in Wednesday, February 3 report. The stock has "Buy" rating by Leerink Swann on Monday, August 31. The stock has "Sector Perform" rating by RBC Capital Markets on Tuesday, August 11.

Investors sentiment decreased to 0.96 in Q4 2016. It dived, as 61 investors sold Freeport-McMoRan Inc shares while 223 reduced holdings. 99 funds opened positions while 175 raised stakes. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. Glg Ptnrs L P holds 771,718 shares.

Freeport-McMoran (NYSE:FCX) last issued its quarterly earnings results on Tuesday, April 25th.

Want to see what other hedge funds are holding FCX? Asset Management invested in 0.05% or 17,571 shares. Robert W. Baird initiated the shares of FLIR in report on Thursday, October 6 with "Outperform" rating. Mirador Cap Prtn Lp has invested 0.16% in Freeport-McMoRan Inc (NYSE:FCX). L And S Incorporated owns 0.61% invested in Freeport-McMoRan Inc (NYSE:FCX) for 203,200 shares.

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