Several brokerages have updated their recommendations and price targets on shares of Freeport-McMoran Copper & Gold (NYSE: FCX) in the last few weeks:

  • 9/18/2016 – Freeport-McMoran Copper & Gold had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a $10.00 price target on the stock.
  • 9/14/2016 – Freeport-McMoran Copper & Gold was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating. They now have a $7.00 price target on the stock, down previously from $9.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/14/2016 – Freeport-McMoran Copper & Gold had its “market perform” rating reaffirmed by analysts at FBR & Co.
  • 9/14/2016 – Freeport-McMoran Copper & Gold had its price target lowered by analysts at Macquarie from $13.00 to $10.00. They now have a “neutral” rating on the stock.
  • 9/13/2016 – Freeport-McMoran Copper & Gold had its price target lowered by analysts at Deutsche Bank AG from $12.50 to $12.00. They now have a “hold” rating on the stock.
  • 9/13/2016 – Freeport-McMoran Copper & Gold was given a new $9.00 price target on by analysts at Morgan Stanley. They now have a “hold” rating on the stock.
  • 9/13/2016 – Freeport-McMoran Copper & Gold was given a new $15.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 9/13/2016 – Freeport-McMoran Copper & Gold was given a new $12.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/16/2016 – Freeport-McMoran Copper & Gold had its “hold” rating reaffirmed by analysts at Morgan Stanley. They now have a $9.00 price target on the stock.
  • 8/8/2016 – Freeport-McMoran Copper & Gold had its price target raised by analysts at Barclays PLC from $10.00 to $11.00. They now have an “equal weight” rating on the stock.
  • 8/2/2016 – Freeport-McMoran Copper & Gold was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $14.36 price target on the stock.
  • 7/28/2016 – Freeport-McMoran Copper & Gold had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a $11.00 price target on the stock.
  • 7/27/2016 – Freeport-McMoran Copper & Gold had its “hold” rating reaffirmed by analysts at BMO Capital Markets.

Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) traded up 4.412% during trading on Thursday, hitting $11.005. 14,419,088 shares of the company traded hands. Freeport-McMoran Copper & Gold Inc. has a 12-month low of $3.52 and a 12-month high of $14.20. The stock has a 50-day moving average price of $11.16 and a 200-day moving average price of $11.16. The firm’s market capitalization is $14.62 billion.

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

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.