Shares of Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) rose 3% during mid-day trading on Wednesday . The company traded as high as $10.33 and last traded at $10.25, with a volume of 14,854,119 shares trading hands. The stock had previously closed at $9.95.

FCX has been the topic of a number of research reports. HSBC restated a “buy” rating on shares of Freeport-McMoran Copper & Gold in a research report on Thursday, July 7th. FBR & Co reiterated a “market perform” rating on shares of Freeport-McMoran Copper & Gold in a research report on Wednesday, September 14th. Barclays PLC upped their price target on Freeport-McMoran Copper & Gold from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Monday, August 8th. Vetr cut Freeport-McMoran Copper & Gold from a “strong-buy” rating to a “buy” rating and set a $14.27 price target on the stock. in a research report on Tuesday, July 12th. Finally, BMO Capital Markets set a $12.00 price target on Freeport-McMoran Copper & Gold and gave the company a “hold” rating in a research report on Tuesday, September 13th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.89.

The company’s market cap is $14.00 billion. The firm’s 50-day moving average is $11.22 and its 200-day moving average is $11.16.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/freeport-mcmoran-copper-gold-inc-fcx-stock-price-up-3.html

Freeport-McMoran Copper & Gold (NYSE:FCX) last posted its quarterly earnings data on Tuesday, July 26th. The natural resource company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. Freeport-McMoran Copper & Gold had a negative return on equity of 3.68% and a negative net margin of 87.70%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter last year, the business earned $0.14 EPS. Freeport-McMoran Copper & Gold’s revenue was down 15.3% on a year-over-year basis. On average, equities research analysts expect that Freeport-McMoran Copper & Gold Inc. will post $0.48 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. CIBC World Markets Inc. raised its position in shares of Freeport-McMoran Copper & Gold by 4.7% in the first quarter. CIBC World Markets Inc. now owns 17,969 shares of the natural resource company’s stock valued at $186,000 after buying an additional 812 shares during the last quarter. Hyman Charles D acquired a new position in shares of Freeport-McMoran Copper & Gold during the first quarter valued at about $1,042,000. IFP Advisors Inc raised its position in shares of Freeport-McMoran Copper & Gold by 66.6% in the first quarter. IFP Advisors Inc now owns 70,339 shares of the natural resource company’s stock valued at $727,000 after buying an additional 28,109 shares during the last quarter. Compton Capital Management Inc. RI raised its position in shares of Freeport-McMoran Copper & Gold by 87.6% in the first quarter. Compton Capital Management Inc. RI now owns 26,122 shares of the natural resource company’s stock valued at $270,000 after buying an additional 12,200 shares during the last quarter. Finally, Virginia Retirement System acquired a new position in shares of Freeport-McMoran Copper & Gold during the first quarter valued at about $1,560,000. Institutional investors own 67.78% of the company’s stock.

Freeport-McMoran Copper & Gold Company Profile

Freeport-McMoRan Inc (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company’s segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. It has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines.

5 Day Chart for NYSE:FCX

Receive News & Ratings for Freeport-McMoran Copper & Gold Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoran Copper & Gold Inc. and related companies with MarketBeat.com's FREE daily email newsletter.