Freeport-McMoRan (NYSE:FCX) PT Lowered to $45.00
Freeport-McMoRan (NYSE:FCX – Get Free Report) had its price target cut by equities researchers at BMO Capital Markets from $47.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the natural resource company’s stock. BMO Capital Markets’ target price indicates a […] Freeport-McMoRan (NYSE:FCX) had its price target cut by equities researchers at BMO Capital Markets from $47.00 to $45.00 in a research report issued to clients and investors. The firm currently has an “outperform” rating on the natural resource company’s stock. Stifel Nicolaus dropped their target price on the company from $49 to $48.00 and set a “buy’ rating for the company. 3M 3M restated an ‘initiates’rating on shares of Freeport-MoRAN in aResearch note on June 29th. Morgan Stanley dropped their price target on shares from $44 to $41.00. Several large investors have recently bought and sold shares of FCX. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $ 0.34 by $00.05. Despite this, analysts expect Freeport McMoRans to post 1.58 earnings per cent for the current year.
प्रकाशित : 2 साल पहले द्वारा Defense World Staff में Finance
Freeport-McMoRan (NYSE:FCX – Get Free Report) had its price target cut by equities researchers at BMO Capital Markets from $47.00 to $45.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the natural resource company’s stock. BMO Capital Markets’ target price indicates a potential upside of 32.82% from the stock’s current price.
Several other research firms also recently weighed in on FCX. Stifel Nicolaus dropped their target price on Freeport-McMoRan from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, August 22nd. 3M restated an “initiates” rating on shares of Freeport-McMoRan in a research note on Thursday, June 29th. StockNews.com upgraded shares of Freeport-McMoRan from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. 1-800-FLOWERS.COM restated an “initiates” rating on shares of Freeport-McMoRan in a research note on Thursday, June 29th. Finally, Morgan Stanley dropped their price target on shares of Freeport-McMoRan from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.50.
Check Out Our Latest Report on Freeport-McMoRan
Freeport-McMoRan (NYSE:FCX – Get Free Report) last released its earnings results on Thursday, October 19th. The natural resource company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $5.82 billion during the quarter, compared to the consensus estimate of $5.43 billion. Freeport-McMoRan had a return on equity of 9.98% and a net margin of 9.50%. Freeport-McMoRan’s revenue was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Research analysts expect that Freeport-McMoRan will post 1.58 earnings per share for the current year.
Several large investors have recently bought and sold shares of FCX. America First Investment Advisors LLC acquired a new position in Freeport-McMoRan in the first quarter valued at $25,000. Fairfield Bush & CO. acquired a new stake in shares of Freeport-McMoRan in the first quarter valued at approximately $26,000. KB Financial Partners LLC acquired a new stake in shares of Freeport-McMoRan in the first quarter valued at approximately $26,000. Retirement Group LLC boosted its holdings in shares of Freeport-McMoRan by 97.1% in the second quarter. Retirement Group LLC now owns 670 shares of the natural resource company’s stock valued at $27,000 after acquiring an additional 330 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of Freeport-McMoRan in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 77.96% of the company’s stock.
Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. 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 in Peru and El Abra in Chile.
• Five stocks we like better than Freeport-McMoRan
• Institutions Buy Consumer Staples, is the Bottom in?
Receive News & Ratings for Freeport-McMoRan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoRan and related companies with MarketBeat.com's FREE daily email newsletter.
विषय: Markets, NYSE