20 July, 2017
Main Street Research LLC boosted its position in Freeport-McMoran by 5.9% in the second quarter. Whittier Trust Co Of Nevada Inc cut its stake by shedding 3,072 shares a decrease of 56.5% as of 06/30/2017. Highland Capital Management, LLC claims 160,281 shares with a value of $1,925,000. Menta Capital LLC now owns 44,160 shares of the natural resource company's stock worth $582,000 after buying an additional 28,260 shares in the last quarter.
In the last reported quarter, Freeport-Mcmoran Inc reported its Actual EPS (earnings per share) of $0.15/share where most of the analysts working on this stock were estimating the EPS to be $0.16/share. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Freeport-McMoran during the fourth quarter worth about $535,000. Bank of New York Mellon Corp now owns 14,757,919 shares of the natural resource company's stock worth $197,166,000 after buying an additional 4,662,665 shares during the period. The value of the position overall is down by 61.6%. The value of the investment in FCX decreased from $6,846,000 to $6,715,000 a change of 1.9% quarter to quarter. 14 told the investors of the company to "Hold" stock.
At the session level, shares of Freeport-McMoRan Inc.
According to Balance Sheet of FCX, Total cash on most recent quarter is 4 Billion. The fund owned 145,636 shares of the natural resource company's stock after buying an additional 60,553 shares during the period.
Many analysts have provided their estimated foresights on Freeport-McMoRan Inc.
Freeport-McMoRan Inc.is a mining company. Wheatland has invested 0.34% in Freeport-McMoRan Inc (NYSE:FCX). The stock has a market cap of $18.97 billion, a PE ratio of 70.11 and a beta of 2.55.
Safetek International Inc (SFIN) now has a 50-day Moving Average of 0.00, the 200-day Moving Average is 0.00, and the 7-day is noted at 0.00. Freeport-McMoran has a 12 month low of $9.24 and a 12 month high of $17.06. Freeport-McMoran also was the recipient of some unusual options trading on Monday. Arcadia Investment Management Corp who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $208.49 billion market cap company. This is an increase of 117% compared to the typical daily volume of 12,393 call options.
Let's take an assessment at how Freeport-McMoRan Inc. The natural resource company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.01.
The High Revenue estimate is predicted as 3.96 Million, while the Low Revenue Estimate prediction stands at 3.36 Million.
Returns and Valuations for Freeport-McMoRan Inc. The business's revenue was down 5.3% on a year-over-year basis. They expect $0.19 EPS, up 1,050.00% or $0.21 from last year's $-0.02 per share. At recent closing price of $53.73, TGT has a chance to add $4.47 or 8.32% in 52 weeks, based on mean target price ($58.2) placed by analysts.The analyst consensus opinion of 3.1 looks like a sell. Zacks Investment Research lowered Freeport-McMoran from a "hold" rating to a "sell" rating in a research note on Wednesday, July 5th.
Insider Trades for Freeport-McMoRan Inc. show that the latest trade was made on 30 Jun 2017 where Ford (Gerald J), the Director completed a transaction type "Buy" in which 3174 shares were traded at a price of $12.01. FBR Capital maintained the shares of FCX in report on Wednesday, July 20 with "Mkt Perform" rating. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Buy" rating by Jefferies on Tuesday, May 17. A 6 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:OLED) or, if they already own its stock, sell it. The stock now has a consensus rating of "Hold" and a consensus target price of $13.59.
Freeport-Mcmoran Inc (NYSE:FCX) now has a trailing P/E of 70.11 while its forward P/E according to Thomson Reuters is 10.08. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
