Shares of Freeport-McMoran, Inc. (NYSE:FCX) have been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $12.91.

FCX has been the topic of a number of recent analyst reports. Cowen and Company reiterated a “buy” rating on shares of Freeport-McMoran in a report on Tuesday, April 11th. Vetr lowered Freeport-McMoran from a “strong-buy” rating to a “buy” rating and set a $14.64 price target on the stock. in a report on Monday, April 10th. Jefferies Group LLC lifted their price target on Freeport-McMoran to $16.00 and gave the stock a “buy” rating in a report on Tuesday, March 28th. Royal Bank Of Canada reiterated a “hold” rating and set a $17.00 price target on shares of Freeport-McMoran in a report on Wednesday, April 19th. Finally, Berenberg Bank upgraded Freeport-McMoran from a “sell” rating to a “hold” rating and set a $12.00 price target on the stock in a report on Wednesday, March 22nd.

A number of large investors have recently modified their holdings of the company. Prospera Financial Services Inc raised its stake in shares of Freeport-McMoran by 0.6% in the first quarter. Prospera Financial Services Inc now owns 10,491 shares of the natural resource company’s stock valued at $140,000 after buying an additional 60 shares during the period. Conning Inc. raised its stake in shares of Freeport-McMoran by 0.8% in the first quarter. Conning Inc. now owns 30,081 shares of the natural resource company’s stock valued at $402,000 after buying an additional 239 shares during the period. Sii Investments Inc. WI raised its stake in shares of Freeport-McMoran by 2.3% in the first quarter. Sii Investments Inc. WI now owns 13,643 shares of the natural resource company’s stock valued at $182,000 after buying an additional 305 shares during the period. Sprott Inc. raised its stake in shares of Freeport-McMoran by 2.6% in the first quarter. Sprott Inc. now owns 14,777 shares of the natural resource company’s stock valued at $197,000 after buying an additional 375 shares during the period. Finally, North Star Investment Management Corp. raised its stake in shares of Freeport-McMoran by 1.4% in the first quarter. North Star Investment Management Corp. now owns 34,028 shares of the natural resource company’s stock valued at $455,000 after buying an additional 477 shares during the period. 69.84% of the stock is owned by hedge funds and other institutional investors.

Freeport-McMoran (NYSE FCX) traded up 1.40% on Monday, hitting $11.58. The company’s stock had a trading volume of 6,405,637 shares. Freeport-McMoran has a 12 month low of $9.24 and a 12 month high of $17.06. The firm has a 50 day moving average of $11.82 and a 200-day moving average of $13.59. The stock has a market cap of $16.75 billion, a PE ratio of 61.93 and a beta of 2.55. Freeport-McMoran also was the target of unusually large options trading on Friday. Stock investors bought 17,353 put options on the company. This represents an increase of 138% compared to the typical daily volume of 7,279 put options.

Freeport-McMoran (NYSE:FCX) last issued its quarterly earnings results on Tuesday, April 25th. The natural resource company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.01. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.51 billion. Freeport-McMoran had a return on equity of 7.97% and a net margin of 1.11%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. On average, analysts expect that Freeport-McMoran will post $1.03 earnings per share for the current fiscal year.

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Freeport-McMoran Company Profile

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

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