Freeport-McMoran now has an average rating of "Hold" and an average target price of $12.81.
Other analysts have also issued reports about the stock. Analyst's mean target price for FCX is $14.92 while analysts mean recommendation is 2.90. Webster Bancshares N A owns 0% invested in Freeport-McMoRan Inc (NYSE:FCX) for 100 shares. At present, 3 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Freeport-McMoran Copper & Gold had 76 analyst reports since July 28, 2015 according to SRatingsIntel. A rating of 4 or 5 would represent a Sell recommendation. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Deutsche Bank maintained it with "Buy" rating and $17 target in Monday, August 31 report.
Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings results on Tuesday, July 25th.
Currently, the stock carries a price to earnings ratio of 42.43, a price to book ratio of 2.13, and a price to sales ratio of 0.69. Now we look at the Moving Averages, the 200-day is 5.49%, the 50-day is 3.15% and the 20-day is -2.61%.
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The company reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.65 by $0.07. Perhaps, that suggests something about why 44.11% of the outstanding share supply is held by institutional investors.
Freeport-McMoran, Inc. has a 12-month low of $9.24 and a 12-month high of $17.06. Cibc Markets Inc reported 0% in Freeport-McMoRan Inc (NYSE:FCX). Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.23 earnings per share. The firm's revenue was up 11.3% compared to the same quarter previous year. During the same period a year ago, the business earned ($0.02) earnings per share. Freeport-McMoran's quarterly revenue was up 11.3% compared to the same quarter past year. On average, analysts predict that Freeport-McMoran will post $0.93 EPS for the current year.
Freeport-McMoRan Inc (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark legislation. The correct version of this report can be viewed at https://weekherald.com/2017/09/13/freeport-mcmoran-inc-fcx-shares-bought-by-bienville-capital-management-llc.html. Advantage Investment Management LLC now owns 9,402 shares of the natural resource company's stock worth $126,000 after purchasing an additional 500 shares in the last quarter. The stock was purchased at an average price of $15.23 per share, with a total value of $551,021.40. FBR Capital maintained the shares of FCX in report on Monday, May 1 with "Mkt Perform" rating. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. New York-based Edgewood Mngmt Ltd Liability Company has invested 0% in Freeport-McMoRan Inc (NYSE:FCX).
Bridgewater Associates LP lifted its position in Freeport-McMoran, Inc. Sprott Inc. raised its position in Freeport-McMoran by 2.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,180,754 shares of the natural resource company's stock valued at $56,263,000 after buying an additional 1,899,083 shares during the period. Finally, Fisher Asset Management LLC acquired a new stake in Freeport-McMoran in the second quarter valued at approximately $122,000. ProShare Advisors LLC now owns 232,178 shares of the natural resource company's stock valued at $3,102,000 after purchasing an additional 19,181 shares in the last quarter. Finally, Advantage Investment Management LLC raised its position in Freeport-McMoran by 5.6% in the first quarter. The Commonwealth Of Pennsylvania Public School Empls Retrmt Sys holds 133,038 shares with $1.76M value, up from 94,704 last quarter.
Diverting focus on other technical analysis indicators that are on noticeable point, the 52-week range indicator provide a potential profit target, you will see either buying or selling pressure around this key area as it translates to a company's ability to turn a profit on a year-over-year basis. The Company's divisions include Microcontroller and Connectivity Division, and Memory Products Division (MPD).