Are Analysts Bullish about Freeport-McMoRan Inc (NYSE:FCX) after last week?
- Author: Zachary Reyes Jun 08, 2017,
Jun 08, 2017, 22:55
Freeport-McMoran Copper & Gold had 59 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained the shares of FCX in report on Thursday, December 1 with "Buy" rating. The company was maintained on Monday, May 2 by Deutsche Bank. Cowen & Co maintained the stock with "Outperform" rating in Friday, July 24 report. The rating was downgraded by Jefferies to "Hold" on Tuesday, January 12.
Freeport-McMoRan Inc. closed its last trading session at $11.42 with the gain of 3.77%. Freeport-McMoRan presently has an average rating of "Hold" and a consensus target price of $13.66. Freeport-McMoRan Inc. (FCX) earnings have declined with an annualized rate of -21.2% over the last 5 years. The firm has "Neutral" rating by Goldman Sachs given on Thursday, May 19. Hallmark Capital Mngmt invested in 171 shares or 0% of the stock. Given that its average daily volume over the 30 days has been 20.54 million shares a day, this signifies a pretty significant change over the norm. There are brokerage firms with lower targets than the average, including one setting a price target of $54. The stock traded at a volume of 63,947 shares at a price loss of -1.28%. Citizens & Northern Corporation (CZNC) has risen 11.90% since June 8, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.
Since February 1, 2017, it had 0 buys, and 4 sales for $2.34 million activity. WHITMIRE C DONALD JR sold $38,425 worth of stock. $232,498 worth of stock was sold by MADONNA JON C/ on Wednesday, February 1.
About 30,757 shares traded or 47.36% up from the average.
Freeport-McMoRan Inc (FCX) is a mining company.
Another critical number in evaluating a stock is P/E or the price to earnings ratio. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.
Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.02, from 0.98 in 2016Q3. During the last 52 weeks, the FCX price has been as high as $17.06 and as low as $9.24. The legal version of this article can be read at https://sportsperspectives.com/2017/06/07/ibm-retirement-fund-has-263000-stake-in-freeport-mcmoran-inc-fcx.html. Independent Port Consultants has 136 shares.
Freeport-McMoRan Inc (NYSE:FCX) traded at a yearly high level of $17.60 during the last trading session. Minerva Advisors Llc owns 42,900 shares or 0.64% of their U.S. portfolio. Sumitomo Mitsui Asset Mgmt Ltd reported 96,879 shares or 0.02% of all its holdings. The firm has fifty days moving average percentage of -4.88% to its latest price change. Piedmont Inv Limited Liability Corporation holds 0% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX) for 698,043 shares. Illinois-based Chicago Equity Ltd Liability Corporation has invested 0.13% in Rice Energy Inc (NYSE:RICE). Ruffer Ltd Liability Partnership has 75,459 shares. FMR LLC boosted its position in Freeport-McMoRan by 33.2% in the fourth quarter. Pomelo Capital Limited Liability Com reported 0.06% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). Paloma Partners Management reported 261,329 shares stake. It also upped Wingstop Inc stake by 32,395 shares and now owns 1.00 million shares. Northwestern Mutual Wealth Management accumulated 82,124 shares or 0.01% of the stock.
The company shows its Return on Assets (ROA) value of 0.7%. Tctc Co holds 0.32% or 404,020 shares in its portfolio.
About 15.47 million shares traded. Arizona State Retirement invested 0.06% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). It has underperformed by 9.87% the S&P500. On Monday, May 1 the stock rating was maintained by FBR Capital with "Mkt Perform".
Analysts await Rice Energy Inc (NYSE:RICE) to report earnings on August, 2. The company was maintained on Tuesday, August 18 by Morgan Stanley. On Friday, September 11 the stock rating was initiated by Gabelli with "Buy". The other 16 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Telsey Advisory Group initiated it with "Outperform" rating and $44 target in Tuesday, September 29 report. As per Monday, November 21, the company rating was upgraded by Deutsche Bank. Looking at this figure it suggests that the shares of Freeport-McMoRan Inc. RBC Capital Markets maintained it with "Sector Perform" rating and $8 target in Monday, January 25 report.