Analysts are saying that Freeport-McMoran, Inc. The option with symbol: FCX170519P00013000 closed last at: $1.63 or 11.6% up. The share price is trading in a range of $13.40 - 13.90.
Phoenix-based mining company Freeport-McMoRan Inc. said in a recent news release that it has sold its onshore California holdings to Sentinel Peak Resources California LLC. On average, equities research analysts predict that Freeport-McMoRan will post $0.23 earnings per share for the current fiscal year. FCX's profit will be $346.48 million for 13.07 P/E if the $0.26 EPS becomes a reality. The natural resource company reported $0.13 EPS for the quarter, missing the Zacks' consensus estimate of $0.19 by $0.06. This means 26% are positive. The correct version of this article can be accessed at https://www.com-unik.info/2017/01/02/bmo-capital-markets-reiterates-hold-rating-for-freeport-mcmoran-inc-fcx.html. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for strong sell. Macquarie Research maintained Freeport-McMoRan Inc (NYSE:FCX) rating on Wednesday, September 14. Vetr's target price suggests a potential downside of 10.71% from the company's current price.
Freeport-McMoRan Inc. (NYSE:FCX) has the market capitalization of $19.18 Billion. On Friday, July 31 the stock rating was maintained by Deutsche Bank with "Buy".
10/26/2016-FBR & Co Reiterated Rating of Hold.
According to sentiments of 17 analysts the mean estimates of short term price target for the company's stock is marked at $13.14.
To analyze a stock, one should look for Upgrades and Downgrades of a stock. On Tuesday, August 18 the stock rating was maintained by Morgan Stanley with "Overweight". Out of rating recommendations 1 have given the stock a Buy while 2 recommend the stock as Outperform. They are the world's lowest-cost copper producer and one of the world's largest producers of copper and gold.
Insitutional Activity: The institutional sentiment increased to 0.98 in Q3 2016. Jefferies Group set a $15.00 price objective on shares of Freeport-McMoran and gave the stock a "buy" rating in a research report on Sunday, October 16th. They now own 939.67 million shares or 5.60% more from 889.86 million shares in 2016Q2. It trades at an average volume of 1.46M shares versus 1.48M shares recorded at the end of last trading session. State Street Corp increased its stake in shares of Freeport-McMoran by 0.6% in the second quarter. Freeport-McMoran's revenue was up 14.6% on a year-over-year basis. Hodges Management Incorporated has 697,700 shares for 0.36% of their U.S. portfolio. The stock had a trading capacity of 2.05M shares. The stock has relative volume of 0.52. British Columbia Investment Corporation last reported 0.05% of its portfolio in the stock. BlackRock Fund Advisors now owns 22,820,938 shares of the natural resource company's stock valued at $247,835,000 after buying an additional 1,111,143 shares during the period.
In other Freeport-McMoran news, Director Courtney Mather bought 150,000 shares of Freeport-McMoran stock in a transaction on Thursday, October 27th. Investors Asset Management of Georgia Inc. The company's past year sales total was 3.8 Billion. The Company's divisions include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining activities and the U.S. It now has negative earnings.
Freeport-McMoRan Inc (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources.
The company's assets also include the Grasberg minerals district in Indonesia, which is a significant source of copper and gold.