FBR & Co Analysts Cut Earnings Estimates for Freeport-McMoran, Inc. (NYSE:FCX)


Stock's weekly performance expressed down trend of -14.71%. The stock declined 0.38% or $0.06 reaching $15.9 per share. Acrospire Investment Management acquired a new position in Freeport-McMoran during the Q1 worth at about $122,000. It has underperformed by 9.87% the S&P500.

Here are a few additional firms who have increased or decreased their stake in (FCX).

As of the end of the quarter Bluemountain Capital Management, LLC had sold a total of 1,748,542 shares trimming its stake by 98.5%. Lattice Semiconductor Corporat now has $758.13M valuation. The Beta for the company stands at 2.58 and its Average True Range (ATR) shows a value of 0.46. Twitter Inc (NYSE:TWTR) has risen 29.68% since August 10, 2016 and is uptrending. It has outperformed by 20.12% the S&P500.

Investors sentiment decreased to 1.26 in Q4 2016. Its up 0.08, from 0.77 in 2016Q3. Hanson And Doremus Invest Mgmt invested 0% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). Jpmorgan Chase Co holds 0.01% or 3.74M shares in its portfolio. Commercial Bank Of Montreal Can owns 199 shares for 0% of their portfolio. Ontario Teachers Pension Plan Board holds 0.01% or 92,748 shares. Millennium Mgmt Limited Liability stated it has 7.18 million shares or 0.2% of all its holdings. Victory Cap accumulated 137,988 shares. S&T Fincl Bank Pa has invested 2.54% in Flex Ltd (NASDAQ:FLEX). Cambridge Invest Inc reported 0.02% stake. Conning Inc. now owns 30,081 shares of the natural resource company's stock valued at $402,000 after buying an additional 239 shares during the period. Van Hulzen Asset Management Limited Liability Company has 44,251 shares. About 3.63 million shares traded. Bbva Compass State Bank reported 47,101 shares or 0.04% of all its holdings. Voya Finl Inc (NYSE:VOYA) was raised too.

Since February 15, 2017, it had 0 insider buys, and 2 sales for $1.22 million activity. $2.52M worth of Goldman Sachs Group Inc (NYSE:GS) was sold by SALAME PABLO J on Tuesday, February 21. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock.

A number of equities analysts have issued reports on the stock. They now have a $13.00 price target on the stock, up previously from $12.00. The firm has "Buy" rating given on Wednesday, October 5 by Goldman Sachs. Cowen & Co maintained SAP SE (ADR) (NYSE:SAP) on Thursday, July 20 with "Buy" rating.

TRADEMARK VIOLATION NOTICE: This piece was reported by Markets Daily and is the property of of Markets Daily. It dropped, as 61 investors sold FCX shares while 223 reduced holdings. 41 funds opened positions while 89 raised stakes. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. (NYSE:FCX) by 47.3% during the second quarter, according to its most recent Form 13F filing with the SEC. Sprott Inc. now owns 14,777 shares of the natural resource company's stock worth $197,000 after buying an additional 375 shares during the last quarter. BidaskClub upgraded Freeport-McMoran from a "sell" rating to a "hold" rating in a report on Monday, July 24th.

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Freeport-McMoRan Inc. (FCX), launched on November 10, 1987, is a mining company. The recent change has given its price a 11.59% lead over SMA 50 and -17.06% deficit over its 52-week high.

Ratings analysis reveals 43% of Freeport-McMoRan's analysts are positive. Keybank Natl Association Oh holds 0% or 60,467 shares. Neville Rodie And Shaw Inc invested 0.03% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). (NYSE:FCX)'s 14-day Relative Strength Index (RSI) has reached 56.14, putting it inside a neutral zone. Bessemer Group Inc has invested 0% in Freeport-McMoRan Inc (NYSE:FCX).

Prince Street Capital Management Llc holds 12.1% of its portfolio in Freeport-McMoRan Inc for 2.91 million shares.

On July 12 the stock rating was downgraded to "Sell" from "Sell" in an announcement from Berenberg. Therefore 73% are positive.

7/5/2017 - Freeport-McMoran was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. The company was upgraded on Tuesday, May 17 by Jefferies. Oppenheimer maintained SAP SE (ADR) (NYSE:SAP) on Thursday, July 20 with "Buy" rating. UBS upgraded the shares of FLEX in report on Wednesday, September 9 to "Buy" rating.

6/25/2017 - Freeport-McMoran had its "hold" rating reaffirmed by analysts at Deutsche Bank AG.

7/13/2017 - Freeport-McMoran was downgraded by analysts at ValuEngine from a "buy" rating to a "hold" rating.