Freeport-McMoran, Inc. (NYSE:FCX) Shares Sold by Wedbush Securities Inc

Cornelia Mascio
Novembre 15, 2017

BT Investment Management Ltd lifted its stake in shares of Freeport-McMoran, Inc. The value in dollars decreased from $6,255,000 to $6,060,000 a change of $195,000 quarter over quarter.

Here are a few institutional investors who have updated their positions. BlueMountain Capital Management LLC boosted its stake in shares of Freeport-McMoran by 100.4% during the second quarter. IHT Wealth Management LLC now owns 1,758 shares of the natural resource company's stock worth $843,000 after purchasing an additional 375 shares during the last quarter.

Freeport-McMoRan Inc (FCX) is a mining company. Finally, Contrarius Investment Management Ltd raised its position in shares of Freeport-McMoran by 700.5% during the second quarter. Freeport-McMoran earned a news impact score of 0.19 on Accern's scale. First Manhattan Co. now owns 10,067 shares of the natural resource company's stock valued at $120,000 after acquiring an additional 33 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Freeport-McMoran by 39.4% during the second quarter. Vanguard Group Inc. raised its position in shares of Freeport-McMoran by 4.9% during the second quarter.

Freeport-McMoran (NYSE:FCX) traded down $0.75 during midday trading on Tuesday, hitting $13.68. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.32 and a current ratio of 2.02. Freeport-McMoran, Inc. The company has a market cap of $20,650.00, a P/E ratio of 15.84 and a beta of 2.55. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.06 billion. The company's revenue for the quarter was up 11.2% compared to the same quarter a year ago. The company's quarterly revenue was up 11.2% on a year-over-year basis. equities research analysts expect that Freeport-McMoran will post 1.07 earnings per share for the current year.

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A number of brokerages have issued reports on FCX. BidaskClub upgraded Freeport-McMoran from a "sell" rating to a "hold" rating in a report on Monday, July 24th. They set a "market perform" rating and a $15.00 price objective on the stock. BMO Capital Markets set a $17.00 target price on Freeport-McMoran and gave the stock a "hold" rating in a report on Wednesday, July 26th.

Risk Paradigm Group, LLC says it bought 300 shares in quarter ending 09/30/2017 increasing its exposure to Freeport-Mcmoran Inc by 15.8%. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of "Hold" and an average price target of $15.54. The total value of its holdings increased 22.9%. This works out to a net increase in ownership of 1.96 million shares, and suggests that institutions are feeling bullish about the stock. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock.

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