Economy

Freeport-McMoRan Inc. (FCX)

Freeport-McMoRan Inc. (FCX)

They are also projecting the Low EPS estimate of $0.12 and the High EPS estimate of $0.3. First Manhattan Co. now owns 10,067 shares of the natural resource company's stock valued at $120,000 after buying an additional 33 shares in the last quarter. The company is scheduled to report its next quarterly earnings results on Tuesday, October 24th.

Freeport-McMoRan Inc. (FCX) is expected to post revenue of $3.8 Billion in the current quarter, according to consensus of 5 analysts. The natural resource company reported $0.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.04. Freeport-McMoran, Inc. The stock's 50 day moving average price is $13.58 and its 200-day moving average price is $13.04.

Research analysts covering General Motors Company (NYSE:GM) are projecting that the shares reach $N/A within the next 12-18 months. Freeport-McMoran had a return on equity of 10.45% and a net margin of 5.97%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.67 billion.

Since March 8, 2017, it had 0 insider buys, and 17 selling transactions for $14.25 million activity.

The following firms have also recently changed their position in FCX. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". It is negative, as 61 investors sold Freeport-McMoRan Inc shares while 223 reduced holdings. The stock has "Market Perform" rating by BMO Capital Markets on Wednesday, July 26. The average analysts gave this company a mean recommendation of 2.00. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

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For stock traders, FCX could be bought on a push and hold above $15 for a first upside target around $17 and ultimately through a multimonth/quarter lens toward $20. FBR & Co reissued a "hold" rating and set a $13.00 target price on shares of Freeport-McMoran in a report on Wednesday, April 5th. Trexquant Inv LP invested 0.5% in Freeport-McMoRan Inc (NYSE:FCX). Advantage Investment Management LLC now owns 9,402 shares of the natural resource company's stock valued at $126,000 after buying an additional 500 shares during the last quarter. MA ended last trade at $14.73 a share and the price is up more than 11.68% so far this year. For the quarter, shares have been noted at -21.79%. Westpac Banking Corp raised its stake in Freeport-McMoran by 1,493.6% in the first quarter. Sentry Investment Management LLC owns 105,176 shares worth $1,263,000.

Institutional investors now hold around $13.92 billion or 69.7% in FCX stock.

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Freeport-McMoRan Inc. (FCX) is a mining company.

Freeport-McMoran (NYSE FCX) traded down 0.35% during midday trading on Wednesday, hitting $14.15. It uses a combination of price change data and time change data to identify potential changes in market sentiment, thereby exposing turning points. Freeport-McMoRan, Inc.'s P/E ratio is 20.78 and market cap is 21.32B. The 50 day moving average went up by +7.89% and the 200 day average moved up $1.76. Dedicated investors may be looking to employ another tool for doing technical stock analysis. This is strictly focusing on price and technical - that means we focus on real-time stock price movement and then position it relative to the simple moving averages.


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