Wrapmanager Inc. raised its stake in Freeport-McMoRan by 0.3% in the fourth quarter. (NYSE:FCX) by 15.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 430,958 shares of the natural resource company's stock after selling 31,095 shares during the period. Scotia reported 0.05% in Freeport-McMoRan Inc (NYSE:FCX).
A number of other institutional investors have also bought and sold shares of FCX.
Freeport Mcmoran Copper & Gold Inc (NYSE:FCX) institutional sentiment decreased to 1 in 2017 Q2. State of Alaska Department of Revenue increased its position in Freeport-McMoran by 81.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,226 shares of the natural resource company's stock valued at $363,000 after purchasing an additional 13,590 shares during the last quarter. Caxton Associates LP bought a new position in Freeport-McMoran during the 2nd quarter worth approximately $7,206,000. Eqis Capital Management Inc. now owns 13,144 shares of the natural resource company's stock valued at $158,000 after purchasing an additional 731 shares during the last quarter. State of Wisconsin Investment Board boosted its holdings in Freeport-McMoran by 3.0% in the third quarter. Guardian Capital Advisors LP now owns 34,254 shares of the natural resource company's stock valued at $427,000 after purchasing an additional 400 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Freeport-McMoran by 5.1% in the 2nd quarter.
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In other Freeport-McMoran news, COO Harry M. Iv Conger purchased 36,180 shares of the company's stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average cost of $15.23 per share, with a total value of $551,021.40. BT Investment Management Ltd now owns 8,402,905 shares of the natural resource company's stock valued at $118,048,000 after purchasing an additional 507,722 shares during the period. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
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Several research firms recently weighed in on FCX. Vertical Research reaffirmed a "buy" rating and issued a $20.00 target price on shares of Freeport-McMoran in a report on Tuesday, August 29th. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Hold" rating by BMO Capital Markets on Friday, September 29. BidaskClub upgraded Freeport-McMoran from a "sell" rating to a "hold" rating in a research report on Thursday, August 24th. They set a "neutral" rating and a $14.00 price objective on the stock. Deutsche Bank AG lowered Freeport-McMoran from a "hold" rating to a "sell" rating and set a $13.00 price target on the stock.in a research report on Tuesday, October 17th. Cowen and Company reiterated a "buy" rating on shares of Freeport-McMoRan in a report on Tuesday, April 11th. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover FCX having a buy-equivalent rating. The company now has an average rating of "Hold" and an average price target of $13.65. Conning Inc. raised its stake in Freeport-McMoRan by 0.8% in the first quarter.
The stock increased 0.77% or $0.11 on November 24, reaching $14.35. 2,676,465 shares of the company's stock were exchanged, compared to its average volume of 21,311,119. The firm has "Equal Weight" rating given on Monday, May 2 by Barclays Capital. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.02 and a quick ratio of 1.32. Jefferies downgraded Freeport-McMoRan Inc (NYSE:FCX) on Tuesday, January 12 to "Hold" rating.
Freeport-McMoran (NYSE:FCX) last released its quarterly earnings data on Wednesday, October 25th. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.06 billion. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since November 25, 2016 and is uptrending. The business's revenue was up 11.2% on a year-over-year basis.
Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 5 have Buy rating, 6 Sell and 12 Hold.
Receive News & Ratings for Freeport-McMoRan Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoRan Inc and related companies with MarketBeat.com's FREE daily email newsletter. The Firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.
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