Several analysts have released their opinion on Freeport-McMoRan Inc.
The following firms have also recently changed their position in FCX. The fund owned 42,750 shares of the natural resource company's stock at the end of the second quarter. Vanguard Group Inc. increased its position in Freeport-McMoran by 10.7% in the first quarter.
5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Freeport-McMoran, Inc.
While looking at the Stock's Performance, Freeport-McMoRan Inc. now shows a Weekly Performance of 1.36%, where Monthly Performance is 8.51%, Quarterly performance is 20.63%, 6 Months performance is -5.1% and yearly performance percentage is 15.7%. 2,021,725 shares of the company traded hands. Bank of New York Mellon Corp now owns 20,568,631 shares of the natural resource company's stock valued at $247,029,000 after buying an additional 5,810,712 shares during the period. As of quarter end Advisory Services Network, LLC had bought a total of 11,508 shares growing its stake by 12.8%. FMR LLC raised its stake in shares of Freeport-McMoran by 104.4% in the first quarter. About 19.35 million shares traded. (FCX) stands at -6.61 while the industry's and the sector's growth for next 5 years ticked at -10.68 and 1.67 respectively. 81. North Star Investment Management Corp. now owns 34,028 shares of the natural resource company's stock worth $455,000 after buying an additional 477 shares during the period.
Institutional owners hold 95.90% stake while Insiders ownership held at 0.60% in the company.
Freeport-McMoran, Inc. has a 52 week low of $9.24 and a 52 week high of $17.06. (NYSE:FCX) by some 72,645,591 shares, 340 decreased positions by 95,410,992 and 126 held positions by 815,776,103. The company has a market capitalization of $21.32 billion, a price-to-earnings ratio of 20.78 and a beta of 2.59. The stock has an average rating of "Hold" and a consensus target price of $14.27. Barrett Asset Management Ltd Liability invested 0% in Freeport-McMoRan Inc (NYSE:FCX). The natural resource company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by $0.04.
Freeport-McMoRan Inc (NYSE:FCX) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
Analysts' mean recommendation for Freeport-McMoRan Inc. The return on equity ratio or ROE stands at 16.8 percent while most common profitability ratio return on investment (ROI) was -14.2 percent. The firm's revenue for the quarter was up 11.3% compared to the same quarter a year ago. Analysts expect next quarter's EPS will be $0.32 and the next full year EPS is projected to be $1.35.
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State of Wisconsin Investment Board increased its stake in Freeport-McMoran, Inc.
WARNING: This article was originally reported by BBNS and is owned by of BBNS. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & worldwide trademark and copyright legislation. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since August 22, 2016 and is uptrending.
FCX has been the topic of a number of analyst reports. ValuEngine upgraded Freeport-McMoran from a "hold" rating to a "buy" rating in a research report on Thursday, July 6th. The rating was maintained by FBR Capital on Friday, February 3 with "Mkt Perform". Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. This is the current Zacks consensus EPS which was calculated at the time of writing.
Freeport's temporary exporting licence is coming up for renewal in October, a bargaining chip used by Jakarta as it negotiates with the Phoenix-based company about divesting a majority stake in its Indonesian subsidiary.