Traders Watch-list Stock: Freeport-McMoRan Inc.'s (FCX)

14 Mai, 2017, 00:53 | Author: Marc Bacque

Freeport-McMoRan Inc. has far performed well this year, with the share price down -11.45% since January. Stuyvesant Capital reported 8.88% in Freeport-McMoRan Inc (NYSE:FCX). The lowest EPS estimate is $0.11 and the highest is $0.22. The stock has earnings growth of -132.50% yoy and showed a high EPS growth of 8.80% over the past five years. The company is scheduled to announce its next earnings report before the market opens on Tuesday, April 25th. Jefferies Group also issued estimates for Freeport-McMoRan's Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.17 EPS and FY2019 earnings at $2.13 EPS. Freeport-McMoRan Inc (NYSE:FCX) has risen 9.47% since October 5, 2016 and is uptrending. Analysts are forecasting earnings of $0.24 on a per share basis this quarter.

Freeport-McMoRan Inc (NYSE:FCX) year-to-date (YTD) performance reflected -11.45 percent negative outlook. The business had revenue of $3.34 billion for the quarter, compared to analysts' expectations of $3.51 billion. Similarly, full-year EPS forecasts have ranged between $0.71 and $1.79. Analysts are expecting EPS growth rates to be at 73.90% this quarter and EPS estimate for next year reflect a 31.79% growth rate.

A number of equities research analysts recently weighed in on the stock. Barclays PLC reissued an "equal weight" rating and set a $14.00 price target on shares of Freeport-McMoRan in a report on Monday, January 30th. The stock of Freeport-McMoRan Inc (NYSE:FCX) has "Hold" rating given on Monday, May 2 by Deutsche Bank. Stocks that are volatile and move more than the overall market have a beta greater than 1 while stocks with price swings less than the market have a beta less than 1.0. The stock has "Hold" rating by Deutsche Bank on Monday, May 2. Freeport-McMoRan has a consensus rating of "Hold" and an average target price of $13.65. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock.

Let's take a look at analyst target price estimates on the stock. Also, COO Harry M. Iv Conger sold 77,500 shares of the stock in a transaction that occurred on Thursday, February 16th. The sale was disclosed in a filing with the SEC, which is available at this link.

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In other Freeport-McMoRan news, VP C Donald Whitmire, Jr. sold 2,525 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $15.24, for a total transaction of $1,181,100.00. Following the completion of the transaction, the vice president now owns 60,989 shares in the company, valued at $928,252.58. The disclosure for this sale can be found here. The stock rose 1.54% or $0.18 reaching $11.9. It dived, as 61 investors sold FCX shares while 223 reduced holdings. HL Financial Services LLC increased its position in Freeport-McMoRan by 7.5% in the third quarter. Checchi Capital Advisers LLC now owns 10,897 shares of the natural resource company's stock valued at $118,000 after buying an additional 2,525 shares during the period. Wrapmanager Inc. boosted its stake in shares of Freeport-McMoRan by 0.3% in the fourth quarter. Bank of The West now owns 18,305 shares of the natural resource company's stock valued at $199,000 after buying an additional 3,932 shares during the period. The company had a trading volume of 15,584,030 shares. Regal Investment Advisors LLC increased its position in Freeport-McMoRan by 1.3% in the third quarter. Johnson Investment Counsel Inc. now owns 10,882 shares of the natural resource company's stock valued at $118,000 after buying an additional 657 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Freeport-McMoRan by 0.3% in the third quarter. The Majedie Asset Management Ltd holds 187,275 shares with $2.50M value, down from 1.49 million last quarter. If you are investing like Buffett, the report can assist in finding the company with the durable competitive advantage, and if Peter Lynch is your hero, you might find a low P/E ratio, share buyback or future earnings growth in the depths of the report.

TRADEMARK VIOLATION NOTICE: "Freeport-McMoRan Inc (FCX) Forecasted to Earn FY2018 Earnings of $1.75 Per Share" was originally published by BBNS and is owned by of BBNS. If you are reading this article on another website, it was stolen and reposted in violation of United States & worldwide copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/05/13/freeport-mcmoran-inc-fcx-stock-rating-upgraded-by-vetr-inc-updated.html.

Shares of Rite Aid Corporation (NYSE:RAD) declined -2.43% to $4.01. Freeport-McMoRan Inc has a 1-year low of $9.24 and a 1-year high of $17.06. The company's 50-day moving average price is $12.72 and its 200 day moving average price is $13.78. The Firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.

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