$0.43 EPS Expected for Freeport-McMoRan Inc. (FCX)

January 14, 2018 - By Linda Rogers

 $0.43 EPS Expected for Freeport McMoRan Inc. (FCX)
Investors sentiment is 1 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 57 investors sold Freeport-McMoRan Inc. shares while 214 reduced holdings. only 91 funds opened positions while 181 raised stakes. 961.13 million shares or 0.14% less from 962.50 million shares in 2017Q2 were reported.
Clinton Gp holds 0.58% in Freeport-McMoRan Inc. (NYSE:FCX) or 377,673 shares. 19,951 are held by Bluecrest Cap Mgmt Ltd. Zweig holds 0.01% or 11,000 shares. Utd Fire Group Incorporated holds 0.05% or 10,000 shares. Panagora Asset Mngmt owns 978,109 shares or 0.05% of their US portfolio. 4.08M were accumulated by Pacific Heights Asset Management Lc. Moreover, Barrett Asset Management Ltd Liability Company has 0% invested in Freeport-McMoRan Inc. (NYSE:FCX). Sigma Planning Corp owns 22,466 shares. Da Davidson And, a Montana-based fund reported 212,738 shares. Northcoast Asset Mngmt Limited Liability holds 0.13% or 80,689 shares in its portfolio. Rand Wealth Ltd Limited Liability Company has invested 0.02% in Freeport-McMoRan Inc. (NYSE:FCX). Fdx Inc invested 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). Westpac Bk holds 0.19% or 599,149 shares. 3,067 are held by Guardian Life Insurance Of America. Suntrust Banks Incorporated, a Georgia-based fund reported 37,168 shares.

Since August 21, 2017, it had 0 buys, and 1 sale for $15,435 activity.

Analysts expect Freeport-McMoRan Inc. (NYSE:FCX) to report $0.43 EPS on January, 24.They anticipate $0.18 EPS change or 72.00 % from last quarter’s $0.25 EPS. FCX’s profit would be $622.47M giving it 11.48 P/E if the $0.43 EPS is correct. After having $0.34 EPS previously, Freeport-McMoRan Inc.’s analysts see 26.47 % EPS growth. The stock decreased 0.65% or $0.13 during the last trading session, reaching $19.75. About 14.19 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 6.83% since January 14, 2017 and is uptrending. It has underperformed by 9.87% the S&P500.

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

Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 5 Sell and 13 Hold. Therefore 22% are positive. Freeport-McMoran Copper & Gold has $29 highest and $5 lowest target. $15.58’s average target is -21.11% below currents $19.75 stock price. Freeport-McMoran Copper & Gold had 92 analyst reports since July 28, 2015 according to SRatingsIntel. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Hold” rating by Morgan Stanley on Monday, December 11. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Hold” rating by Argus Research on Wednesday, February 3. Deutsche Bank maintained the stock with “Buy” rating in Saturday, August 29 report. The stock has “Buy” rating by Jefferies on Tuesday, May 17. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, March 30. The rating was initiated by Citigroup on Tuesday, February 21 with “Neutral”. The firm earned “Neutral” rating on Thursday, September 14 by FBR Capital. The firm earned “Neutral” rating on Wednesday, September 14 by Macquarie Research. The rating was maintained by RBC Capital Markets on Tuesday, October 10 with “Hold”. The firm has “Sell” rating given on Tuesday, April 19 by CLSA.

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company has market cap of $28.59 billion. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as gas and oil. It has a 26.73 P/E ratio. 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 notable recent Freeport-McMoRan Inc. (NYSE:FCX) news were published by: Fool.com which released: “Is Freeport-McMoRan Inc. a Buy?” on January 13, 2018, also Investorplace.com with their article: “Wednesday’s Vital Data: Apple Inc, Micron Technology, Inc. and Freeport …” published on December 27, 2017, Fool.com published: “Here’s Where Things Went Wrong for Freeport-McMoRan Inc. in 2017” on December 29, 2017. More interesting news about Freeport-McMoRan Inc. (NYSE:FCX) were released by: Fool.com and their article: “Why Freeport-McMoRan Inc. Stock Exploded 36% Higher in December” published on January 05, 2018 as well as Nasdaq.com‘s news article titled: “Zacks.com featured highlights include: Freeport-McMoRan, Herman Miller …” with publication date: January 10, 2018.

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