Freeport-McMoRan (NYSE:FCX) Receiving Somewhat Positive Press Coverage, Study Finds

Marco Green
March 14, 2018

21,500 shares valued at $419,125 were sold by WHITMIRE C DONALD JR on Wednesday, January 31. The natural resource company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The company has market cap of $26.68 billion.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Thursday, January 25th.

Plenty of options traders have been betting on bigger gains for FCX shares, too. It has underperformed by 32.48% the S&P500.

(NKE) by 2409.88% based on its latest 2017Q3 regulatory filing with the SEC. M Holdings Securities Inc bought 78,312 shares as the company's stock declined 21.33% while stock markets rallied. The institutional investor held 94,508 shares of the basic industries company at the end of 2017Q3, valued at $1.33 million, up from 16,196 at the end of the previous reported quarter. Analog Devices Inc now has $35.03 billion valuation.

The stock increased 0.18% or $0.1 during the last trading session, reaching $55.15. The hedge fund run by Mark Lee held 635,673 shares of the finance company at the end of 2017Q3, valued at $13.19M, up from 558,776 at the end of the previous reported quarter. Textainer Group Holdings Limited (NYSE:TGH) has declined 15.78% since March 12, 2017 and is downtrending. It has outperformed by 29.15% the S&P500.

Since January 31, 2018, it had 0 insider purchases, and 1 sale for $419,125 activity. As per Thursday, December 1, the company rating was maintained by UBS. RODGERS JOHNATHAN A also sold $855,206 worth of NIKE, Inc. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Therefore 64% are positive. Benchmark maintained Zillow Group, Inc. Bernstein maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Wednesday, July 19 with "Hold" rating. The firm has "Buy" rating given on Wednesday, February 14 by Jefferies. The firm has "Buy" rating given on Friday, September 8 by Numis Securities. The stock of Analog Devices, Inc. Peel Hunt has "Buy" rating and GBX 1220 target. Stifel Nicolaus maintained Analog Devices, Inc. As per Wednesday, May 4, the company rating was upgraded by Raymond James. The stock has "Buy" rating by BMO Capital Markets on Tuesday, November 21. Finally, Scotiabank reissued a "hold" rating and issued a $19.00 price target on shares of Freeport-McMoRan in a research note on Monday, January 8th.

Investors sentiment increased to 1.28 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It increased, as 45 investors sold ADI shares while 232 reduced holdings. Tctc Ltd Liability Co accumulated 0.6% or 695,890 shares. Campbell & Inv Adviser Ltd Llc has 17,899 shares for 0.2% of their portfolio. Teacher Retirement Of Texas owns 678,348 shares or 0.06% of their U.S. portfolio. Waratah Cap Advsrs Ltd holds 0.83% or 278,785 shares in its portfolio. (NASDAQ:ADI) for 57,200 shares. If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name. As of today, the company has a SMA200 (200-day simple moving average) of 21.33 Percent. Kopp Investment Advisors Llc, a Minnesota-based fund reported 54,156 shares. (NYSE:OI). Great West Life Assurance Can accumulated 8.00M shares or 0.5% of the stock. Blackrock accumulated 0.06% or 87.05 million shares. Catawba Capital Management Va stated it has 0.12% in Analog Devices, Inc. More interesting news about Freeport-McMoRan Inc. Tsp Management Group Ltd Liability Corp reported 303,550 shares. Fifth Third Bancorp invested in 5,577 shares. It also reduced Powershares Etf Tr Ii (PCY) stake by 28,152 shares and now owns 97,585 shares.

Investors sentiment is 1 in 2017 Q3. Its down 0.08, from 1 in 2017Q2. According to their observations and findings, the stock could provide a high EPS of $0.72/share and a low EPS of $0.37/share. (NYSE:FCX). Legacy Capital Ptnrs reported 0.15% of its portfolio in Freeport-McMoRan Inc. After a recent check, Freeport-McMoRan Inc (NYSE: FCX) stock is found to be 2.39% volatile for the week, while 3.59% volatility is recorded for the month. Oregon Pub Employees Retirement Fund holds 287,094 shares. D E Shaw invested in 4.53 million shares or 0.1% of the stock. Assetmark Inc reported 0% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Cubist Systematic Strategies Ltd invested in 30,548 shares. Citigroup initiated Freeport-McMoRan Inc.

Analysts await The Carlyle Group L.P. (NASDAQ:CG) to report earnings on May, 2. Northern Trust Corporation reported 18.30M shares. Moreover, Qs Limited Company has 0.03% invested in Freeport-McMoRan Inc.

Pinebridge Investments Lp decreased Sprint Corp Com Ser 1 (NYSE:S) stake by 562,367 shares to 353,173 valued at $2.75M in 2017Q3. Wright Investors Ser holds 0.1% in Freeport-McMoRan Inc. (NYSE:FCX) was released by: Fool.com and their article: "Don't Get Greedy with Freeport-McMoRan, Inc". 127,934 were reported by Park Oh. Lingohr & Partner Asset Gmbh owns 0.22% invested in Freeport-McMoRan Inc.

ILLEGAL ACTIVITY WARNING: "Freeport-McMoRan Inc (FCX) Expected to Announce Earnings of $0.60 Per Share" was posted by Week Herald and is the property of of Week Herald. BT Investment Management Ltd now owns 8,402,905 shares of the natural resource company's stock valued at $118,048,000 after purchasing an additional 507,722 shares in the last quarter. FCX's profit will be $868.71 million for 7.68 P/E if the $0.60 EPS becomes a reality. Therefore 17% are positive. Parsons Capital Mngmt Ri reported 0.07% in Freeport-McMoRan Inc. Bridgewater Associates Lp sold 12,755 shares as Owens Ill Inc (OI)'s stock rose 11.55%. Qualcomm Inc. had 134 analyst reports since July 23, 2015 according to SRatingsIntel. Dimensional Fund Advisors LP grew its stake in Freeport-McMoRan by 5.1% in the 3rd quarter. As per Monday, December 11, the company rating was upgraded by Morgan Stanley. The stock has "Hold" rating by Jefferies on Tuesday, January 12.

1/26/2018-Bank of America Reiterated Rating of Underperform. The stock has "Mkt Perform" rating by FBR Capital on Monday, May 1. As per Wednesday, July 12, the company rating was downgraded by Berenberg. The firm has "Hold" rating given on Thursday, August 20 by Zacks. ValuEngine raised Freeport-McMoRan from a "hold" rating to a "buy" rating in a research report on Tuesday, February 20th. On Thursday, November 5 the stock rating was maintained by RBC Capital Markets with "Outperform". (NYSE:FCX) has "Hold" rating given on Monday, October 5 by Deutsche Bank.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER