Are Analysts Bullish Freeport-McMoRan Inc (NYSE:FCX) After Last Week?

STRYKER RONDA E also sold $1.35 million worth of Stryker Corporation (NYSE:SYK) shares. Its up 4.06% from 67.44 million shares previously. With 1.12 million avg volume, 8 days are for Macerich Company (NYSE:MAC)'s short sellers to cover MAC's short positions. Finally, Peconic Partners LLC increased its position in shares of Freeport-McMoRan by 33.3% in the third quarter. (NYSE:WSM) to report earnings on May, 24. It has underperformed by 7.38% the S&P500.

Petroleum & Resources Corp increased Freeport (FCX) stake by 44.68% reported in 2016Q4 SEC filing. The stock sank -3.27% last month and is down -10.31 this year. The Contrarius Investment Management Ltd holds 313,204 shares with $4.13 million value, down from 874,177 last quarter.

Freeport-McMoRan (NYSE:FCX) traded up 0.42% during midday trading on Wednesday, hitting $11.88.

Freeport-McMoRan Inc. (NYSE:FCX) closed at $11.88 a share in the latest session and the stock value rose nearly -9.93% since the beginning of this year. It has underperformed by 9.87% the S&P500. Therefore 26% are positive. The stock of Freeport-McMoRan Inc (NYSE:FCX) has "Buy" rating given on Thursday, December 1 by UBS. The rating was maintained by Deutsche Bank on Monday, August 31 with "Buy". The firm has "Neutral" rating given on Friday, November 13 by Goldman Sachs. Royal Bank of Canada now has a $17.00 price objective on the natural resource company's stock. Tracking most recent quarter period, Price to book (P/B) ration is at 2.72 and Price to cash per share ration is at 4.29. Deutsche Bank has "Hold" rating and $12 target.

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations.

The Macerich Company is a self-administered and self-managed real estate investment trust. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 61.55 and a beta of 2.49. The Firm operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It has a 38.49 P/E ratio. The Firm owns ownership interests in, The Macerich Partnership, L.P. Its down 0.02, from 0.98 in 2016Q3. 72 funds opened positions while 257 raised stakes. 57,620 shares were sold by WHITMIRE C DONALD JR, worth $888,500 on Thursday, February 9. Hsbc Holding Public Limited holds 373,990 shares. First Interstate Savings Bank holds 0% or 300 shares in its portfolio. Cibc Asset Management Inc acquired 248,283 shares as Groupe Cgi Inc (GIB)'s stock rose 0.04%. Mackenzie Fincl owns 29,738 shares. Aviva Pcl stated it has 0.07% of its portfolio in Macerich Co (NYSE:MAC). Virginia Retirement Sys Et Al holds 14,600 shares. Sumitomo Mitsui holds 3.47M shares or 0.07% of its portfolio.

Turning to Luminex Corporation (NASDAQ:LMNX), its shares were trading at $20.27 a retreat of $-0.44, on the trading floor.

Relative strength index (RSI-14) for Freeport-McMoRan Inc. Bancorporation Of America Corp De invested in 0.02% or 7.85M shares. Parametrica Mngmt Ltd holds 0.33% or 4,701 shares. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. As per Thursday, August 25, the company rating was maintained by Robert W. Baird. The firm has "Strong Sell" rating by Zacks given on Tuesday, September 1. Below is a list of Freeport-McMoRan Inc (NYSE:FCX) latest ratings and price target changes. The stock has "Hold" rating by Deutsche Bank on Monday, October 5. FBR Capital initiated Freeport-McMoRan Inc (NYSE:FCX) on Friday, September 18 with "Mkt Perform" rating. The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, January 25. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Underweight" rating by Morgan Stanley on Wednesday, September 14.

Since February 1, 2017, it had 0 buys, and 4 insider sales for $2.34 million activity. $232,498 worth of Freeport-McMoRan Inc (NYSE:FCX) was sold by MADONNA JON C/. Rhumbline Advisers has invested 0.07% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX).

Investors sentiment increased to 0.86 in Q4 2016. It is positive, as 50 investors sold SYK shares while 331 reduced holdings.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCX. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. 100,000 were reported by Pomelo Cap Limited. 145,478 were accumulated by Envestnet Asset Mgmt Incorporated. Interocean Capital Ltd Liability Co stated it has 11,142 shares or 0.03% of all its holdings.

Freeport-McMoRan Inc (NYSE:FCX) had its price target reduced by FBR & Co from $13.00 to $12.00 in a research note published on Monday, May 1st. Sterling Investment Mgmt has 75,469 shares. Northwestern Mutual Wealth Management stated it has 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). Barnett And, Tennessee-based fund reported 500 shares. 162,266 were reported by Pnc Financial Grp Inc. Pnc Finl Svcs Group Inc (NYSE:PNC) was raised too.