What Wall Street is saying about Freeport-McMoRan Inc. (NYSE:FCX)

22 February, 2017, 03:04 | Author: Valerie Burke

Now Ford's sales have turned a corner and rose 10 percent past year, an achievement the company says is proof its strategy is at last paying off. Kornitzer Capital Management Inc. Over the last five days, shares have faced -5.63% losses and now is up 19.49% since hitting its 200-day moving average of $12.85. (NYSE:FCX) will issue their earnings release on or around 2017-04-25. Freeport-McMoran had a negative net margin of 28.09% and a positive return on equity of 3.52%. Vetr raised shares of Freeport-McMoran from a "sell" rating to a "buy" rating and set a $14.58 price target for the company in a research report on Monday, December 19th. If you are viewing this article on another domain, it was stolen and republished in violation of USA and worldwide trademark and copyright law.

"Freeport-McMoran, Inc. (FCX) Now Covered by Analysts at Citigroup Inc." was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. During the trading on 02/17/2017, Company's stock ranged from $14.80 to $15.31. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 8 analysts of Thomson Reuters, 14 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating. FMR LLC now owns 15,373,806 shares of the natural resource company's stock worth $171,264,000 after buying an additional 7,731,396 shares during the period. Zacks Investment Research upgraded shares of Freeport-McMoran from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research note on Tuesday, January 17th.

18 analysts projected Price Targets for Freeport-McMoRan Inc.

Verizon Communications Inc. (NYSE:VZ) ended its day at $49.19 with the rising stream of 1.51% and its total traded volume was 23.19 million shares more than the average volume. Finally, J P Morgan Chase & Co began coverage on shares of Freeport-McMoran in a research report on Thursday, February 9th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Company shares were Reiterated by Cowen on Nov 21, 2016 to Outperform, Raises Price Target to $ 20 from a previous price target of $15.

In taking a look at where the stock might be headed, analysts have a consensus price target of $12.933 on the shares. The company's institutional ownership is monitored at 79.2 percent. The stock was sold at an average price of $15.42, for a total value of $888,500.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Its Pres & COO FM Americas Conger Harry M. IV sold 77,500 company shares for 1181100, in a transaction on 2017-02-16. Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company. Following the completion of the sale, the chief operating officer now directly owns 37,763 shares in the company, valued at $575,508.12. Freeport-McMoRan Inc. (FCX) has made its way to a 12-month gain of 115.46%. The disclosure for this sale can be found here. The fund owned 50,175 shares of the natural resource company's stock after selling 8,072 shares during the period. FCXs operations are conducted through its subsidiaries, P.T. Freeport Indonesia (PT-FI), P.T. IRJA Eastern Minerals Corporation (Eastern Mining) and through Atlantic Copper, S.A.

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