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Freeport-McMoran, Inc. (NASDAQ:FCX) To Report Earnings

29 January 2018

26,371,898 shares of the stock were exchanged, compared to its average volume of 21,550,563. The analysts, on average, are forecasting a $17.89 price target, but the stock is already up 77.38% from its recent lows. The company has a market cap of $28,390.00, a PE ratio of 27.24 and a beta of 2.51. The stock decreased 1.44% or $0.28 during the last trading session, reaching $19.53. Shares of FCX moved upward with change of 17.68% to its 50-day Moving average.

Freeport-McMoRan (NYSE:FCX) last released its earnings results on Tuesday, January 23rd. It has underperformed by 16.70% the S&P500.

Total shares held by institutions as of the most recent company filings are 979,466,599 with a reported 73,894,407 bought and 68,916,648 sold. The stock decreased 0.36% or $0.7 during the last trading session, reaching $191.65. About 49,959 shares traded. It has outperformed by 22.16% the S&P500. (NYSE:FCX). Bnp Paribas Asset Mngmt Holdings Sa reported 0% in Freeport-McMoRan Inc.

Rio's holding could be converted into shares of Freeport's Indonesian unit, Indonesia's mining minister has said, making up the bulk of the government purchase. The stock witnessed 91.32% gains, 93.09% gains and 114.18% gains for the 1-month, 3-month and 6-month period, respectively. Carey Matt also sold $5.03M worth of The Home Depot, Inc. (NYSE:NVR) on Monday, August 14.

Among 23 analysts covering Equinix (NASDAQ:EQIX), 21 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. The stock of Lear Corporation (NYSE:LEA) has "Underweight" rating given on Thursday, June 8 by Morgan Stanley. RBC Capital Markets maintained it with "Hold" rating and $14.0 target in Sunday, September 3 report. (NYSE:FCX) on Wednesday, October 4 with "Underperform" rating. The company was maintained on Wednesday, November 18 by Cantor Fitzgerald. The company was maintained on Friday, October 20 by Wells Fargo. BMO Capital Markets has "Buy" rating and $176.0 target.

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Investors sentiment increased to 1.14 in 2017 Q3. Its down 0.06, from 1.46 in 2017Q2. It also increased its holding in Extra Space Storage Inc (NYSE:EXR) by 53,075 shares in the quarter, for a total of 1.81 million shares, and has risen its stake in Public Storage (NYSE:PSA). 11 funds opened positions while 24 raised stakes. Moreover, Laurion Capital Management Lp has 0.05% invested in Freeport-McMoRan Inc. (NYSE:FCX). Metropolitan Life Insurance New York has 648,811 shares. Cleararc Cap holds 34,560 shares. Legal & General Gru Public Limited Company invested in 7,840 shares. Texas-based Bridgeway Management has invested 0.04% in NVR, Inc.

Looking on other side, Forward Price to Earnings ratio of FCX persists on 10.97. Meanwhile, due to an ongoing pressure which caused a decline of nearly -0.86% in the past five days, the stock price is now up 3.38% so far on the year - still in weak territory. Louisiana State Employees Retirement reported 900 shares. Bank of America maintained Freeport-McMoRan Inc. Jacobs Levy Equity Inc invested in 0.35% or 40,535 shares. (NYSE:NVR). Psagot Investment House owns 0.15% invested in NVR, Inc.

FCX has been the topic of a number of analyst reports. The rating was maintained by UBS on Thursday, December 1 with "Buy". CIBC downgraded shares of Freeport-McMoRan from a "sector outperform" rating to a "neutral" rating in a research note on Monday. (NYSE:FCX) has "Buy" rating given on Monday, August 28 by Jefferies. Investors who are keeping close eye on the stock of Freeport-McMoRan Inc. Macquarie Research initiated the stock with "Hold" rating in Thursday, September 7 report. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. It tells an investor how quickly a company is increasing its revenues. Its the same as in 2017Q2. Millennium Lc reported 0% in NewStar Financial, Inc. Freeport-McMoran Copper & Gold has $29 highest and $5 lowest target. Shamrock Asset Management Lc reported 11,668 shares stake. Susquehanna Grp Incorporated Llp accumulated 2.68M shares. First Heartland Consultants Inc reported 4,934 shares. Whittier Tru Com holds 0% or 366 shares in its portfolio.

Freeport-McMoRan Inc.is a leading global mining company with headquarters in Phoenix, Arizona.

Several research analysts have recently commented on FCX shares. Contravisory Inv Mgmt holds 0% or 167 shares. Grantham Mayo Van Otterloo & Ltd Liability Company owns 769,605 shares.

Freeport-McMoran, Inc. (NASDAQ:FCX) To Report Earnings