Freeport-McMoRan (NYSE:FCX) Hit $14 Target Given By Morgan Stanley.

Freeport-McMoRan Inc. (NYSE:FCX) Corporate Logo

During Q3 2018 the big money sentiment increased to 1.1. That’s change of 0.02, from 2018Q2’s 1.08. 55 investors sold all, 198 reduced holdings as Freeport-McMoRan Inc. ratio improved. 204 rose holdings while 74 funds took holdings. Funds hold 983.61 million shares thus 3.09% less from 2018Q2’s 1.01 billion shares.

State Of New Jersey Common Pension Fund D reported 2.78 million shs. Wells Fargo And Mn, a California-based fund reported 7.71M shs. State Of Wisconsin Board holds 1.52M shs or 0.06% of its capital. California-based Fort Point Cap Prtn Lc has invested 0.09% in Freeport-McMoRan Inc. (NYSE:FCX). Geode Limited Liability holds 20.31 million shs. Anchorage Gp Ltd Liability Company holds 0.04% or 430,000 shs in its capital. Toronto Dominion Comml Bank invested in 0.02% or 939,103 shs. Tarbox Family Office invested in 1,190 shs or 0.01% of the stock. Qs Limited Liability Corp reported 427,794 shs. Adams Natural Fund has invested 0.36% of its capital in Freeport-McMoRan Inc. (NYSE:FCX). Jefferies Grp Incorporated Ltd Llc has 0.03% invested in Freeport-McMoRan Inc. (NYSE:FCX). Johnson Fin owns 2,611 shs for 0% of their capital. Old Second Bank & Trust Of Aurora invested in 300 shs. Amundi Pioneer Asset Inc has 0.05% invested in Freeport-McMoRan Inc. (NYSE:FCX). Oppenheimer Asset Mngmt Inc reported 380,505 shs stake.

Freeport-McMoRan Inc. had 1 insider sale and 0 insider purchases since October 30, 2018. This’s net activity of $836,250.

Morgan Stanley Improved Freeport-McMoRan (NYSE:FCX)’s Rating to Overweight.

Freeport-McMoRan (NYSE:FCX) has rating upped from Equal-Weight to Overweight by research analysts at Morgan Stanley. The upgrade was reported on Wednesday, 13 February and would indicate 13.91 % upside potential.

Freeport-McMoRan Inc. (NYSE:FCX) Ratings Coverage

In total 6 analysts cover Freeport-McMoRan (NYSE:FCX). “Buy” rating has 2, “Sell” are 2, while 2 are “Hold”. 33% are bullish. 7 are the (NYSE:FCX)’s analyst reports since September 19, 2018 according to StockzIntelligence Inc. On Wednesday, February 13 the stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Overweight” rating given by Morgan Stanley. On Thursday, October 25 FBR Capital maintained Freeport-McMoRan Inc. (NYSE:FCX) rating. FBR Capital has “Buy” rating and $16 target. On Wednesday, September 19 the firm has “Buy” rating given by FBR Capital. On Wednesday, November 7 the stock of Freeport-McMoRan Inc. (NYSE:FCX) has “Underperform” rating given by RBC Capital Markets. On Wednesday, October 17 the company was maintained by Citigroup.

FCX is touching $12.29 during the last trading session, after increased 6.96%.Freeport-McMoRan Inc. is downtrending after having declined 27.96% since February 14, 2018. FCX has 36.17M volume or 57.52% up from normal. FCX underperformed the S&P500 by 27.96%.

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile.The firm is worth $17.81 billion. The firm primarily explores for copper, gold, molybdenum, silver, and other metals, as well as gas and oil.The P/E ratio is 6.9. The Company’s 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.

For more Freeport-McMoRan Inc. (NYSE:FCX) news brought out recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Streetinsider.com. The titles are as follows: “Freeport-McMoRan: Weak Actions Hurting Stock – Seeking Alpha” brought out on April 25, 2018, “Freeport McMoRan, Indonesia close long-awaited $3.85B deal – Seeking Alpha” on December 21, 2018, “Freeport-McMoRan: Indonesian-Related Sell-Off – Seeking Alpha” with a publish date: May 01, 2018, “The Curious Case Of Freeport-McMoRan – Seeking Alpha” and the last “After-Hours Movers 02/12: (UIS) (LSCC) (EXEL) Higher; (AQ) (QLYS) (GRPN) (more…) – StreetInsider.com” with publication date: February 12, 2019.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Investors Chart

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