Freeport-McMoran, Inc. (FCX) Upgraded by Zacks Investment Research to "Buy"

12 October, 2017, 13:16 | Author: Leticia Walters
  • Which Major Copper Stock Has the Most ‘Buy’ Recommendations

About 11.76 million shares traded. Plc (ETN)'s stock rose 8.91%.

In other Freeport-McMoran news, COO Harry M. Iv Conger purchased 36,180 shares of Freeport-McMoran stock in a transaction on Thursday, September 7th. The company has its outstanding shares of 1.45B. It has outperformed by 45.93% the S&P500.

A total of 14 analysts have released a report on Freeport-McMoran Copper & Gold. zero analysts rating the company a strong buy, four analysts rating the company a buy, sixteen analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $10.91. Therefore 26% are positive.

For the past 5 years, Regions Financial Corporation's EPS growth has been almost 114.7%. Freeport-McMoran presently has an average rating of "Hold" and a consensus target price of $15.51. Freeport-McMoran Copper & Gold has recorded a 50-day average of $14.51 and a two hundred day average of $13.16. Jefferies maintained Freeport-McMoRan Inc (NYSE:FCX) on Monday, July 10 with "Buy" rating. The firm has "Buy" rating by Jefferies given on Monday, July 10. Citigroup downgraded Freeport-McMoRan Inc (NYSE:FCX) on Tuesday, February 23 to "Sell" rating. The firm earned "Sector Perform" rating on Tuesday, August 11 by RBC Capital Markets. Deutsche Bank downgraded it to "Hold" rating and $11 target in Monday, October 5 report.

In recent trading day Freeport-McMoRan Inc. Tyrus Capital Sam sold 179,500 shares as Freeport (FCX)'s stock declined 21.33%. The company was maintained on Friday, July 21 by Berenberg. Cowen & Co maintained AT&T Inc.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 5 Sell and 12 Hold. Therefore 41% are positive. AT&T Inc. had 58 analyst reports since July 27, 2015 according to SRatingsIntel. Barclays Public Limited Co owns 0.03% invested in Freeport-McMoRan Inc (NYSE:FCX) for 2.09M shares. Cowen & Co maintained the shares of TMUS in report on Friday, August 25 with "Buy" rating. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock. The firm has "Neutral" rating by Longbow given on Monday, April 4. The firm earned "Hold" rating on Monday, October 24 by Drexel Hamilton. (NYSE: FCX) is noted at 0.46. Robert W. Baird maintained the stock with "Buy" rating in Friday, October 6 report.

Investors sentiment decreased to 1 in Q2 2017. Its up 0.14, from 1.22 in 2017Q1. It dropped, as 72 investors sold FCX shares while 201 reduced holdings. 123 funds opened positions while 686 raised stakes. About 14.38 million shares traded. Eaton Vance Management reported 0.03% in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Dynamic Solutions Limited Liability Company accumulated 2.11% or 144,708 shares.

Fort Point Capital Partners Llc decreased At&T Inc (T) stake by 80.71% reported in 2017Q2 SEC filing. Hl Fincl Limited reported 12,828 shares stake. Assetmark invested in 0% or 3,342 shares. Acadian Asset Management Ltd holds 0% or 1,875 shares in its portfolio. South Dakota Council has 0.32% invested in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Paradigm Asset Ltd Liability Corporation holds 400 shares or 0% of its portfolio. Sterling Cap Mgmt Limited Liability Corporation holds 130,072 shares or 0.1% of its portfolio.

Institutions own 18.60% of WPCS International Incorporated (WPCS)'s shares. Past 5 years growth of RIGL observed at 61.00%, and for the next five years the analysts that follow this company are expecting its growth at 11.60%. Shamrock Asset Mngmt Lc owns 244 shares for 0.01% of their portfolio. Kessler Inv Group Limited Liability Corp holds 5.9% or 389,414 shares in its portfolio. Currently, Freeport-McMoRan Inc.net profit margin for the 12 months is at 0%. WFC's profit will be $5.21 billion for 13.21 P/E if the $1.05 EPS becomes a reality. The natural resource company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04). The SI to Freeport Mcmoran Incorporated's float is 2.55%. The company has market cap of $15.24 million. Now has a PEG ratio of - where as its P/E ratio is 0. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Investors sentiment increased to 0.88 in Q2 2017. Its up 0.18, from 0.97 in 2017Q1.

Freeport-McMoRan Inc.is a mining company. LLC raised its position in Freeport-McMoran by 8.7% during the 2nd quarter. Reaves W H And Communications reported 620,623 shares. The original version of this news story can be accessed at https://weekherald.com/2017/10/10/freeport-mcmoran-inc-fcx-position-boosted-by-state-street-corp.html.

The stock has Return on Assets (ROA) of 2.6 percent. Community Bank & Trust Of Raymore stated it has 1.32% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX).

Want to see what other hedge funds are holding FCX? First Manhattan Co. raised its stake in Freeport-McMoran by 0.3% during the 2nd quarter. On a Monthly basis the stock is 0.14%. Gp Inc Inc accumulated 0.01% or 46,841 shares.

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