Freeport-McMoRan Inc. (FCX) EPS Estimated At $0.43

January 14, 2018 - By Michael Collier

 Freeport McMoRan Inc. (FCX) EPS Estimated At $0.43
Investors sentiment is 1 in Q3 2017. Its the same as in 2017Q2. It is the same, as 57 investors sold Freeport-McMoRan Inc. shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported.
Adams Natural Resource Fund holds 0.87% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 398,700 shares. Focused Wealth Mgmt stated it has 0.13% in Freeport-McMoRan Inc. (NYSE:FCX). Ls Investment Advsr Ltd owns 35,714 shares. Ig, Manitoba – Canada-based fund reported 250,000 shares. Los Angeles Management & Equity Research Inc accumulated 1.72M shares. Glg Ltd Liability holds 0.18% or 196,339 shares. Zeke Advsrs Limited Liability reported 18,030 shares or 0.03% of all its holdings. Moreover, Quantitative Mgmt Ltd Com has 0.22% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 1.39 million shares. Edgewood Management Limited Liability Company reported 0% stake. Cwm reported 3,916 shares stake. Davenport And Ltd holds 0.01% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX) for 39,421 shares. Cubist Systematic Strategies Ltd invested 0.02% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Geode Ltd reported 15.72 million shares. Westpac Banking holds 0.19% or 599,149 shares. 353,838 are owned by Kessler Inv Gp Ltd Liability Corporation.

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

Analysts expect Freeport-McMoRan Inc. (NYSE:FCX) to report $0.43 EPS on January, 24.They anticipate $0.18 EPS change or 72.00 % from last quarter’s $0.25 EPS. FCX’s profit would be $622.47M giving it 11.48 P/E if the $0.43 EPS is correct. After having $0.34 EPS previously, Freeport-McMoRan Inc.’s analysts see 26.47 % EPS growth. The stock decreased 0.65% or $0.13 during the last trading session, reaching $19.75. About 14.19M shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 14, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

Freeport-McMoRan Inc. (NYSE:FCX) Ratings Coverage

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold has $29 highest and $5 lowest target. $15.58’s average target is -21.11% below currents $19.75 stock price. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. On Monday, January 8 the stock rating was maintained by Scotia Capital with “Hold”. CLSA downgraded the shares of FCX in report on Tuesday, April 19 to “Sell” rating. On Tuesday, September 13 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Mkt Perform” rating by FBR Capital given on Monday, May 1. FBR Capital maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Wednesday, July 20. FBR Capital has “Mkt Perform” rating and $11 target. The firm earned “Hold” rating on Wednesday, March 22 by Berenberg. BMO Capital Markets maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Friday, September 29. BMO Capital Markets has “Hold” rating and $17.0 target. The firm has “Hold” rating given on Tuesday, September 1 by S&P Research. RBC Capital Markets maintained it with “Hold” rating and $14.0 target in Tuesday, October 10 report. The rating was maintained by RBC Capital Markets on Tuesday, August 11 with “Sector Perform”.

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company has market cap of $28.59 billion. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as gas and oil. It has a 26.73 P/E ratio. The companyÂ’s portfolio of assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.

More notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Fool.com which released: “Is Freeport-McMoRan Inc. a Buy?” on January 13, 2018, also Investorplace.com with their article: “Wednesday’s Vital Data: Apple Inc, Micron Technology, Inc. and Freeport …” published on December 27, 2017, Fool.com published: “Why Freeport-McMoRan Inc. Stock Exploded 36% Higher in December” on January 05, 2018. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Fool.com and their article: “Better Buy: Freeport-McMoRan Inc. vs. Alcoa Corp” published on December 21, 2017 as well as Nasdaq.com‘s news article titled: “Zacks.com featured highlights include: Freeport-McMoRan, Herman Miller …” with publication date: January 10, 2018.

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