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Main » Freeport-McMoRan (FCX) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Freeport-McMoRan (FCX) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

26 January 2018

Freeport-McMoRan has an average rating of "Hold" and an average price target of $15.89.

News Corporation (NASDAQ:NWSA) has a beta of 2.04, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. Trading volume for Freeport-McMoRan Inc. was 30.4 Million in its previous trading session. About 31.66 million shares traded or 73.37% up from the average.

Freeport-McMoRan Inc. (NYSE:FCX) touched its 1-Year High price of $20.25 on 01/25/18 and its 1-Year Low price of $11.05 on 06/02/17. It has underperformed by 9.87% the S&P500. Parametrica Management Ltd sold 183 shares as the company's stock rose 22.66% with the market. It remains to be seen whether optimism or pessimism will rule going in to the next round of quarterly earnings reporting. The company's 3-months average volume stands at 18.26 million. This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. About 6,967 shares traded. The California-based Diligent Limited Liability Corp has invested 0.2% in Freeport-McMoRan Inc. This represents an increase of 14% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks. Carey Matt also sold $5.03M worth of The Home Depot, Inc. (NYSE:NVR) on Monday, August 14. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was maintained by UBS with "Hold" on Wednesday, January 17. BMO Capital Markets has "Buy" rating and $176.0 target. Jefferies upgraded Freeport-McMoRan Inc. As per Wednesday, October 4, the company rating was maintained by Bank of America. The company gained from higher copper prices in the third quarter which is expected to continue in the December quarter.

Investors sentiment decreased to 1.18 in 2017 Q3. Its up 0.12, from 1.63 in 2017Q2. These holdings make up 67.6% of the company's outstanding shares. The stock of Freeport-McMoRan Inc. Another trade for 10,717 shares valued at $1.63 million was sold by Campbell Ann Marie. Looking back over the last month, shares have performed 7.81%. Wells Fargo And Mn has invested 0% in NewStar Financial, Inc. Tradewinds Capital Limited Company reported 0.69% stake. Amer Registered Advisor accumulated 12,780 shares or 0.09% of the stock. Fifth Third National Bank has invested 0% of its portfolio in NVR, Inc. (NYSE:FCX) are making a strong comeback as they have jumped 77.38% since bottoming out on Jun. 02, 2017. Guardian Invest Management owns 34,724 shares. Verition Fund Management Lc reported 0.05% in NVR, Inc. (NYSE:FCX). 37,168 were reported by Suntrust Banks. Mount Vernon Inc Md has invested 0.7% in Freeport-McMoRan Inc. It also upped Pub Svc Enterprise Group (NYSE:PEG) stake by 12,706 shares and now owns 68,862 shares. According to their predictions high & low revenue estimates are 5.29 Billion and 4.59 Billion respectively. Therefore 17% are positive. Stifel Nicolaus maintained the stock with "Hold" rating in Tuesday, July 18 report. The firm has "Buy" rating by Cowen & Co given on Monday, July 17. The firm earned "Equal-Weight" rating on Wednesday, March 30 by Barclays Capital. 796.24 million shares or 3.15% less from 822.13 million shares in 2017Q2 were reported.

FCX's revenue has declined at an average annualized rate of about -6.6% during the past five years. Also, it is up from 59% of the total 673 rivals across the globe. Sales were driven by increased paint sales volumes in the Americas Group unit and the addition of Valspar sales since June 2017. Hanson And Doremus Invest Management reported 0% stake.

Freeport-McMoRan Inc, the world's second-leading copper miner by production, stated a bigger-than-predictable jump in fourth-quarter profit on Thursday, lifted by stronger commodity prices and productivity gains. Ashford Mgmt Incorporated holds 5,375 shares. First Heartland Consultants Inc reported 4,934 shares. Flippin Bruce Porter reported 0.3% of its portfolio in Freeport-McMoRan Inc. RBC Capital Markets maintained Freeport-McMoRan Inc. It fall, as 24 investors sold EQIX shares while 144 reduced holdings.

Freeport-McMoRan (FCX) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS