Published: Sat, January 13, 2018
Finance | By Loren Pratt

Freeport-McMoRan (NYSE:FCX) Earning Somewhat Positive News Coverage, Report Finds


The consensus rating is 2.7, suggesting the market has given up on the stock. The institutional investor held 97,500 shares of the technology company at the end of 2017Q3, valued at $2.13 million, up from 82,000 at the end of the previous reported quarter.

FCX is now overvalued by 18.76% relative to the average 1-year price target of $16.74 taken from a group of Wall Street Analysts. The stock increased 0.10% or $0.03 during the last trading session, reaching $36.6. Chapman Neil A sold 12,000 shares worth $996,628. Mattersight Corporation (NASDAQ:MATR) has declined 29.56% since January 13, 2017 and is downtrending.

Contrarius Investment Management Ltd increased its stake in Freeport (FCX) by 74.33% based on its latest 2017Q3 regulatory filing with the SEC.

The Stock now has Analyst' mean Recommendation of 2.6 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Old West Investment Management Llc who had been investing in Freeport for a number of months, seems to be less bullish one the $28.59 billion market cap company. Over the last week of the month, it was 0.71%, 37.77% over the last quarter, and 59.29% for the past six months. About 8.64 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 12, 2017 and is uptrending. It has underperformed by 21.77% the S&P500.

Investors sentiment is 1 in 2017 Q3. Its up 0.28, from 0.83 in 2017Q2. Most of the active traders and investors are keen to find ways to compare the value of stocks. 3 funds opened positions while 7 raised stakes. 245,575 are owned by Parallax Volatility Advisers L P. Gardner Lewis Asset Management LP invested in 0.07% or 554,320 shares. Cypress Funds Llc, a California-based fund reported 1.81 million shares.#img1#. Cmt Asset Mgmt Limited reported 11,653 shares. Fifth Third State Bank accumulated 5,577 shares. Winch Advisory Ltd Liability Corporation owns 365 shares. Banque Pictet And Cie stated it has 0.03% in Freeport-McMoRan Inc. Baltimore invested in 15,213 shares. Teacher Retirement Systems Of Texas owns 678,348 shares. Jackson Wealth Mngmt Ltd Llc has invested 0.08% in General Electric Company (NYSE:GE).

Pomelo Capital Llc, which manages about $366.34 million and $3.00B US Long portfolio, upped its stake in Whiting Pete Corp New (NYSE:WLL) by 71,000 shares to 143,000 shares, valued at $781,000 in 2017Q3, according to the filing. On Monday, October 31 the stock rating was downgraded by Goldman Sachs to "Neutral".

Among 21 analysts covering Pfizer (NYSE:PFE), 9 have Buy rating, 1 Sell and 11 Hold.


Ratings analysis reveals 22% of Freeport-McMoran Copper & Gold's analysts are positive. (NYSE:FCX) earned "Hold" rating by BMO Capital Markets on Monday, December 18. Deutsche Bank maintained Target Corporation (NYSE:TGT) on Monday, August 17 with "Hold" rating. The firm has "Overweight" rating given on Tuesday, August 4 by JP Morgan.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share. The rating was upgraded by Barclays Capital to "Hold" on Friday, January 5. The firm has "Outperform" rating by Imperial Capital given on Wednesday, April 27. The stock has "Hold" rating by Morgan Stanley on Monday, December 11. Therefore 100% are positive. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. Jefferies upgraded the stock to "Buy" rating in Tuesday, May 17 report. The firm has "Hold" rating given on Wednesday, February 3 by Argus Research. The stock has "Sell" rating by TheStreet on Friday, August 28. Deutsche Bank downgraded Freeport-McMoRan Inc. The rating was maintained by RBC Capital Markets on Wednesday, June 28 with "Hold". As per Thursday, August 18, the company rating was maintained by Telsey Advisory Group. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).

Since August 21, 2017, it had 0 buys, and 1 sale for $15,435 activity.

Investors sentiment is 1 in Q3 2017. Its the same as in 2017Q2. Sold All: 57 Reduced: 214 Increased: 181 New Position: 91. Avalon Advisors Ltd Com owns 245,796 shares or 0.02% of their U.S. portfolio. (NYSE:JONE). 522 are held by Pinnacle Ltd Limited Liability Company. Indexiq Advsrs Ltd Liability holds 0.1% or 160,624 shares in its portfolio. FBR & Co reiterated a "neutral" rating and set a $12.00 price objective (down previously from $13.00) on shares of Freeport-McMoRan in a research note on Thursday, September 14th. Capital One Natl Association accumulated 0.02% or 15,479 shares. Cowen & Co maintained Freeport-McMoRan Inc.

Equities research analysts expect that Freeport-McMoRan Inc (NYSE:FCX) will announce sales of $4.53 billion for the current fiscal quarter, according to Zacks. (NYSE:FCX). Wright Investors invested in 0.1% or 20,332 shares. Moreover, Quantres Asset Mngmt Limited has 0.94% invested in Freeport-McMoRan Inc.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Wednesday, October 25th.

(NYSE:FCX). Kessler Investment Grp Inc Ltd Liability owns 6.38% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 104,400 shares. Stratos Wealth Prtnrs has invested 0.03% in Freeport-McMoRan Inc. (NYSE:FCX) for 90,219 shares. The Pennsylvania-based Penn Management has invested 0.23% in Mattersight Corporation (NASDAQ:MATR). Macquarie Research maintained Freeport-McMoRan Inc. (NYSE:FCX) or 77.16 million shares.

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