Freeport-McMoran, Inc. (NYSE:FCX) has been given an average rating of “Hold” by the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.09.
FCX has been the topic of several research reports. Clarkson Capital reaffirmed a “neutral” rating on shares of Freeport-McMoran in a report on Monday, July 10th. ValuEngine lowered Freeport-McMoran from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub raised Freeport-McMoran from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BMO Capital Markets set a $17.00 price objective on Freeport-McMoran and gave the stock a “hold” rating in a report on Wednesday, July 26th. Finally, Vetr lowered Freeport-McMoran from a “strong-buy” rating to a “buy” rating and set a $14.50 price objective on the stock. in a report on Tuesday, April 25th.
Freeport-McMoran (FCX) traded up 0.34% during mid-day trading on Tuesday, hitting $14.75. The stock had a trading volume of 6,444,330 shares. The stock has a market cap of $21.34 billion, a P/E ratio of 20.80 and a beta of 2.59. The firm has a 50-day moving average of $12.60 and a 200-day moving average of $13.12. Freeport-McMoran has a 52-week low of $9.24 and a 52-week high of $17.06.
Freeport-McMoran (NYSE:FCX) last posted its earnings results on Tuesday, July 25th. The natural resource company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by $0.04. The business had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Freeport-McMoran had a net margin of 5.97% and a return on equity of 10.45%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS. On average, analysts forecast that Freeport-McMoran will post $0.87 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC bought a new stake in Freeport-McMoran during the first quarter worth about $122,000. Advantage Investment Management LLC increased its stake in Freeport-McMoran by 5.6% in the first quarter. Advantage Investment Management LLC now owns 9,402 shares of the natural resource company’s stock worth $126,000 after buying an additional 500 shares during the last quarter. Atria Investments LLC bought a new stake in Freeport-McMoran during the first quarter worth about $134,000. Leavell Investment Management Inc. bought a new stake in Freeport-McMoran during the first quarter worth about $134,000. Finally, First Manhattan Co. increased its stake in Freeport-McMoran by 0.3% in the second quarter. First Manhattan Co. now owns 10,067 shares of the natural resource company’s stock worth $120,000 after buying an additional 33 shares during the last quarter. Institutional investors own 69.45% of the company’s stock.
Freeport-McMoran Company Profile
Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
Receive News & Ratings for Freeport-McMoran Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoran Inc. and related companies with MarketBeat.com's FREE daily email newsletter.