Big Money Sentiment increased to 1.08 in 2018 Q2. It has change of 0.01, from 2018Q1’s 1.07. The ratio increased due to Freeport-McMoRan Inc. positioning: 63 sold and 198 reduced. 72 funds amassed stakes and 211 increased stakes. Investors holded 1.00 billion in 2018Q1 but now own 1.01 billion shares or 1.14% more.
Schwab Charles Inv Management stated it has 6.24M shs. Td Asset Mgmt has 616,166 shs. Stephens Incorporated Ar reported 363,177 shs or 0.19% of all its holdings. Glenmede Tru Na invested in 0% or 20,851 shs. Assetmark owns 373 shs. Prelude Cap Management reported 0% stake. Whittier Communications has invested 0.02% in Freeport-McMoRan Inc. (NYSE:FCX). Private Advisor Lc invested in 0.01% or 28,571 shs. Prudential Finance Incorporated holds 11.56M shs. Jane Street Grp Inc Limited Liability invested in 0.01% or 238,082 shs. Teachers Retirement Systems Of The State Of Kentucky stated it has 150,474 shs or 0.03% of all its holdings. Archford Strategies Ltd Com owns 0% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 54 shs. Kentucky Retirement Sys Ins Tru Fund holds 0.1% of its capital in Freeport-McMoRan Inc. (NYSE:FCX) for 25,375 shs. State Treasurer State Of Michigan reported 398,923 shs. Edge Wealth Limited Liability Company invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX).
Freeport-McMoRan Inc. (NYSE:FCX) Ratings Coverage
Total analysts of 8 have positions in Freeport-McMoRan (NYSE:FCX) as follows: 1 rated it a “Buy”, 3 with “Sell” and 4 with “Hold”. The positive are 13%. Since May 23, 2018 according to StockzIntelligence Inc Freeport-McMoRan has 10 analyst reports. On Thursday, August 2 the firm has “Neutral” rating given by Bank of America. On Wednesday, November 7 the firm has “Underperform” rating given by RBC Capital Markets. In Friday, June 29 report Morgan Stanley maintained it with “Equal-Weight” rating and $16 target. The company rating was maintained by Berenberg on Wednesday, May 23. On Wednesday, September 19 the firm earned “Buy” rating by FBR Capital. On Wednesday, May 23 FBR Capital upgraded the shares of FCX in report to “Buy” rating. In Wednesday, October 17 report Citigroup maintained it with “Neutral” rating and $14 target. On Thursday, October 25 the stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Buy” rating by FBR Capital. On Thursday, July 26 the company was upgraded by Deutsche Bank. Listed here are Freeport-McMoRan Inc. (NYSE:FCX) PTs and latest ratings.
07/11/2018 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Underperform Downgrade
25/10/2018 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $18 New Target: $16 Maintain
17/10/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $18 New Target: $14 Maintain
10/10/2018 Broker: Barclays Capital Rating: Underweight New Target: $12 Initiates Coverage On
19/09/2018 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $19 New Target: $18 Maintain
02/08/2018 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Old Target: $16 Upgrade
26/07/2018 Broker: Deutsche Bank Old Rating: Sell New Rating: Hold Upgrade
29/06/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $15 New Target: $16 Maintain
23/05/2018 Broker: FBR Capital Rating: Buy New Target: $20.0000 Upgrade
23/05/2018 Broker: Berenberg Rating: Sell New Target: $14.7500 Maintain
FCX is hitting $11.35 during the last trading session, after decreased 4.86%.Freeport-McMoRan Inc. is downtrending after having declined 4.69% since November 10, 2017. FCX has 21.44M volume or 8.80% up from normal. FCX underperformed by 20.31% the S&P500.
Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile.The firm is worth $16.45 billion. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as gas and oil.The P/E ratio is 5.72. The companyÂ’s portfolio of assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.
More recent Freeport-McMoRan Inc. (NYSE:FCX) news were announced by Fool.com, Seekingalpha.com and Seekingalpha.com. The first one has “Can Freeport-McMoRan Inc. Recover From This Bear Mauling?” as a title and was announced on October 28, 2018. The next is “Indonesia’s Inalum sells $4B of bonds to fund Grasberg deal with Freeport” on November 08, 2018. And last was announced on October 24, 2018, called “Freeport-McMoRan: First Look At Q3 Earnings”.
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