Economy

The Freeport-McMoRan Inc. (FCX) Earns Buy Rating from Deutsche Bank AG

Icahn Carl C acquired 351,644 shares as Freeport (FCX)'s stock declined 21.33%.

Personal Capital Advisors Corp, which manages about $1.01B and $4.57 billion US Long portfolio, upped its stake in At&T Inc (NYSE:T) by 56,777 shares to 539,175 shares, valued at $20.34 million in 2017Q2, according to the filing.

Freeport-McMoRan Inc (FCX) is a mining company. The stock rose 0.54% or $0.08 reaching $14.79 per share. About 1 shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has a 20-Day average volume of 17.29 Million. It has underperformed by 9.87% the S&P500. The natural resource company reported $0.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.03. AAON's profit will be $15.77 million for 29.17 P/E if the $0.30 EPS becomes a reality. After having $1.66 EPS previously, Molson Coors Brewing Co's analysts see -18.07% EPS growth. Corporate insiders own 1.29% of the company's stock. About shares traded. Molson Coors Brewing Co (NYSE:TAP) has declined 3.45% since October 26, 2016 and is downtrending.

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 6 Sell and 11 Hold. Therefore 100% are positive.

Freeport-McMoran (FCX) opened at 14.69 on Thursday.

10/26/2017-FBR & Co Reiterated Rating of Hold. CLSA downgraded the stock to "Sell" rating in Tuesday, April 19 report. The firm has "Neutral" rating given on Friday, January 8 by Macquarie Research. The company's market cap is $13.56 billion. "(FCX)" was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. Highbridge Capital Mngmt Limited Liability Company holds 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX) for 64,546 shares. The company was upgraded on Tuesday, March 21 by Deutsche Bank. Zacks Investment Research raised Freeport-McMoran from a "hold" rating to a "buy" rating and set a $16.00 price target on the stock in a research report on Tuesday, October 10th.

The Indonesian government and Freeport McMoran, a parent company of gold and copper miner PT Freeport Indonesia, have not reached an agreement on several issues, including the valuation of the company's shares.

Investors sentiment decreased to 1 in 2017 Q2. Its up 0.42, from 1.29 in 2017Q1.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington Bancorp stated it has 7,168 shares.

Carl Icahn increased its stake in Freeport (FCX) by 0.39% based on its latest 2017Q2 regulatory filing with the SEC. Pentwater Cap Mngmt Ltd Partnership owns 870,000 shares or 0.09% of their United States portfolio. 962.50 million shares or 2.74% less from 989.56 million shares in 2017Q1 were reported. Meiji Yasuda Asset Management invested 0.03% in Freeport-McMoRan Inc (NYSE:FCX). Wheatland Inc reported 0.27% stake. Raymond James Financial Services Advisors Inc. increased its stake in Freeport-McMoran by 5.4% in the 3rd quarter. Trading volume for Freeport-McMoRan Inc. was 16.83 Million in its previous trading session. Rampart Invest Mgmt has 0.07% invested in Freeport-McMoRan Inc (NYSE:FCX) for 15,167 shares. 650,000 were accumulated by Mackenzie Financial.

Among 2 analysts covering AAON Inc (NASDAQ:AAON), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 26% are positive. Tourmaline Oil had 30 analyst reports since July 21, 2015 according to SRatingsIntel.

10/4/2017-Jefferies Group LLC Reiterated Rating of Buy. The stock of Molson Coors Brewing Co (NYSE:TAP) earned "Buy" rating by Societe Generale on Monday, September 21. As per Friday, October 13, the company rating was maintained by Morgan Stanley. As per Tuesday, May 17, the company rating was upgraded by Jefferies. The firm has "Outperform" rating by Scotia Capital given on Friday, February 24. The company was maintained on Thursday, June 8 by Susquehanna. TheStreet maintained the stock with "Sell" rating in Friday, August 28 report. Personal Cap Advisors invested in 519,171 shares or 0.42% of the stock. First Allied Advisory Services, Missouri-based fund reported 93,006 shares. Canada Pension Plan Board invested in 125,318 shares. Mu Invs Communications Ltd holds 580 shares. Comerica Bank owns 41,402 shares. Dnb Asset Management As reported 106,623 shares. First Tru Advsr Limited Partnership holds 0.03% or 893,138 shares in its portfolio. Letko Brosseau Assocs Inc invested in 0.96% or 8.20M shares. Ahl Partners Llp holds 0.03% or 18,772 shares.



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