Economy

Brokers Set Expectations for Freeport-McMoran, Inc.'s FY2019 Earnings (FCX)

Several other equities analysts also recently commented on the stock. Jefferies maintained Freeport-McMoRan Inc (NYSE:FCX) on Thursday, June 8 with "Buy" rating. On the opposite side of that transaction from Capital Research Global Investors stood Vanguard Group Inc which added 6.51 million shares to its existing stake, bringing total stake held in FCX to 139.5 million shares.

Freeport-McMoRan Inc. (NYSE:FCX) received a Buy rating from 1 analysts.

Market capitalization of 20.6B shares for the company helps traders interpret the size of Freeport-McMoRan Inc., acting as the basic determinant for numerous important characteristics that affects an investment decision. FBR & Co's target price suggests a potential downside of 17.07% from the company's current price.

Among 4 analysts covering Aimmune Therapeutics (NASDAQ:AIMT), 4 have Buy rating, 0 Sell and 0 Hold. The company now has an average rating of Hold and a consensus price target of $15.54. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys stated it has 0.03% in Freeport-McMoRan Inc (NYSE:FCX). Freeport-McMoran has a one year low of $10.50 and a one year high of $17.06. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.02 and a quick ratio of 1.32. The firm has a market cap of $20,480.00, a price-to-earnings ratio of 15.55 and a beta of 2.55.

Freeport-McMoran (NYSE:FCX) last issued its earnings results on Wednesday, October 25th. The natural resource company reported $0.34 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.03. According to their predictions high & low revenue estimates are 5.03 Billion and 4.04 Billion respectively. Freeport-McMoran had a return on equity of 13.35% and a net margin of 6.20%. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. research analysts predict that Freeport-McMoran will post 1.07 earnings per share for the current fiscal year.

Freeport-McMoRan Inc. (NYSE:FCX) continues to be a formidable company. Freeport Mcmoran Copper&Gold C now has $20.48 billion valuation. Cowen & Co maintained the stock with "Outperform" rating in Monday, May 16 report. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and worldwide copyright laws. Trading volume for Freeport-McMoRan Inc. was 8.68 Million in its previous trading session.

In other news, COO Harry M. Iv Conger purchased 36,180 shares of the stock in a transaction that occurred on Thursday, September 7th. Arrowstreet Capital Limited Partnership acquired 219,400 shares as Freeport (FCX)'s stock declined 21.33%. Following the acquisition, the director now owns 65,523 shares in the company, valued at approximately $702,406.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Moreover, New England Research & Management Inc. has 1.27% invested in the company for 72,528 shares. BlueMountain Capital Management LLC now owns 26,461 shares of the natural resource company's stock valued at $318,000 after purchasing an additional 6,651,458 shares during the last quarter. Shell Asset Management Co. now owns 160,362 shares of the natural resource company's stock worth $5,236,000 after acquiring an additional 79,343 shares during the period. Bank of New York Mellon Corp increased its stake in Freeport-McMoran by 39.4% in the 2nd quarter. The company had a trading volume of 14,019,249 shares, compared to its average volume of 16,650,000.

AllianceBernstein Holding L.P.is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. TX now owns 324,117 shares of the natural resource company's stock valued at $3,611,000 after buying an additional 19,322 shares during the last quarter.

Bluemountain Capital Management Llc decreased Freeport (FCX) stake by 99.68% reported in 2017Q2 SEC filing. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

To view ValuEngine's full report, visit ValuEngine's official website.



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