Freeport-McMoRan Inc (FCX) Upgraded to "Hold" by Berenberg Bank

Modesto Morganelli
Aprile 1, 2017

Institutional investors and hedge funds own 66.80% of the company's stock.

On 3/24/2015 Freeport-McMoRan announced a quarterly dividend of $0.05 with an ex dividend date of 4/13/2015 which will be payable on 5/1/2015. The stock is down -1.94% in this year through last close, and the beta ratio has a value of 1.27. Advantage Investment Management LLC acquired a new stake in Freeport-McMoRan during the fourth quarter valued at approximately $117,000. The growth for the next year comes down to 26.98%, and its growth for the last five years shows at -21.20%. On Feb 9, 2017, JP Morgan said it Reinstates its rating on Freeport-McMoRan Inc. Capital Research Global Investors raised its position in Freeport-McMoRan by 22.6% in the third quarter. The stock was last seen 4.64% higher, reaching at $13.31 on March 30, 2017. GWM Advisors LLC boosted its stake in shares of Freeport-McMoRan by 24.5% in the third quarter.

Freeport-McMoRan Inc (NYSE:FCX) opened at 13.31 on Friday. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. RBC Capital Markets has "Sector Perform" rating and $17 target. The firm has a 50-day moving average price of $13.69 and a 200-day moving average price of $13.20. According to their predictions High & Low revenue estimates are 4.01 Billion and 3.18 Billion respectively. The return on equity ratio or ROE stands at 9.8 percent while most common profitability ratio return on investment (ROI) was 5.1 percent. Freeport-McMoRan's revenue for the quarter was up 24.5% compared to the same quarter past year. The shares have been given a mean Hold rating keeping in view the consensus of 23 Analysts. These analysts have also projected a Low Estimate of $-0.03/share and a High Estimate of $0.38/share.

ILLEGAL ACTIVITY WARNING: This story was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was stolen and republished in violation of USA and global copyright & trademark law.

FCX has been the subject of several analyst reports. The stock now has an average rating of "Hold" and a consensus price target of $13.90.

Freeport-McMoRan Inc. (FCX) has a market capitalization of 19.24 Billion. Finally, Jefferies Group LLC reissued a "buy" rating and issued a $16.00 target price on shares of Freeport-McMoRan in a research report on Tuesday, December 6th. (FCX)'s stock to Hold with the price target of $12. Rating Scale: 1.0 represent "Strong Buy" and 2.0 signify "Buy" 3.0 while shows "Hold". In a transaction dated February 09, 2017, the shares were put up for sale at an average price of $15.42, raking in a sum of $888,500.

In other Freeport-McMoRan news, VP C Donald Whitmire, Jr. sold 2,525 shares of the firm's stock in a transaction that occurred on Thursday, February 16th. The stock is presently trading up its SMA-50 of $32.20. Following the completion of the sale, the vice president now directly owns 60,989 shares in the company, valued at $928,252.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

On 2/1/2017 Jon C/ Madonna, Director, sold 14,000 with an average share price of $16.61 per share and the total transaction amounting to $232,540.00. The company has price to cash ratio of 4.54. The stock dropped -4.08% beyond one week and declined -7.85% during previous one month session. The disclosure for this sale can be found here.

Analysts give DHI a mean recommendation of 2.10. As per Tuesday, September 1, the company rating was upgraded by S&P Research.

General Electric Company (NYSE:GE)'s earnings per share has been growing at a -4.1 percent rate over the past 5 year when average revenue increase was noted as -3.3 percent.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE