Freeport McMoRan leads S&P 500 gainers as metals prices rally


The stock has advanced 60.00% to a low over the previous 12 months and showed declining move -0.33% to a high over the same period.

Freeport-McMoRan Inc. (FCX) have shown a high EPS growth of -21.20% in the last 5 years and has earnings rose of 73.90% yoy. About 19.35 million shares traded. BT Investment Management Ltd purchased a new stake in shares of Freeport-McMoran during the second quarter valued at approximately $94,821,000. The natural resource company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by $0.04.

Freeport-McMoRan Inc. (FCX), a part of Basic Materials sector and belongs to Copper industry; ended its day with gain 4.10% and finalized at the price of $14.73.

FCX has been the topic of a number of analyst reports. Berenberg Bank set a $10.00 price objective on shares of Freeport-McMoran and gave the stock a "sell" rating in a report on Friday, July 28th. ValuEngine upgraded Freeport-McMoran from a "hold" rating to a "buy" rating in a research report on Thursday, July 6th. 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.

On August 15 analysts at Raymond James initiated coverage on FCX with a rating of "Market Perform". Note the stock price at publication ($15.44), since the technical rating is based on intraday stock prices. (NYSE:FCX). At the time of writing, the First Call consensus price target for the company is $14.92.

Some buy side analysts are also providing their Analysis on Freeport-McMoRan Inc., where 1 analysts have rated the stock as Strong buy, 4 analysts have given a Buy signal, 14 said it's a HOLD, 2 reported it as Underperform and 1 analysts rated the stock as Sell. The stock has a 50-day moving average price of $13.65 and a 200 day moving average price of $12.97. Chicago Equity Ptnrs Ltd Com has invested 0.08% in Freeport-McMoRan Inc (NYSE:FCX). Bank of New York Mellon Corp now owns 20,568,631 shares of the natural resource company's stock valued at $247,029,000 after buying an additional 5,810,712 shares during the last quarter. Earnings per share serves as an indicator of a company's profitability.

Menta Capital Llc increased Freeport (FCX) stake by 177.74% reported in 2016Q4 SEC filing. For the quarter, shares have been noted at -21.79%.

As of quarter end Wfg Advisors, Lp had disposed of 15,674 shares trimming its position 20.9%. The latest exchange of 1.47 Million shares is below its average trading activity of 1.63 Million shares. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information.

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In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Freeport-McMoRan 3.8 Billion. Freeport-McMoran, Inc. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 21.26 and a beta of 2.59. The stock's Schaeffer's Volatility Index (SVI) of 38% ranks higher than just 11% of all other readings from the past year, implying relatively low volatility expectations are being priced into near-term options. The 50 day moving average went up by +7.89% and the 200 day average moved up $1.76.