Freeport-McMoRan Inc (NYSE:FCX) shares moved to $11.77 after opening the day at $11.86, on Tuesday. The stock rose 0.55% or $0.06 reaching $11.81 per share. Raymond James Trust N.A.'s holdings in Freeport-McMoRan were worth $434,000 at the end of the most recent quarter.
A number of large investors have recently added to or reduced their stakes in FCX.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) floats -15.09% below the 52-week top level and its EPS growth rate was -32.60% over prior 5 years with earnings growth of -651.90% yoy. Baker Avenue Asset Management LP now owns 40,677 shares of the natural resource company's stock valued at $543,000 after buying an additional 10,974 shares in the last quarter.
Freeport-McMoRan (NYSE:FCX) last released its earnings results on Tuesday, April 25th.
Shares of Macy's, Inc. While in the same Quarter Previous year, the Actual EPS was $-0.02. First Financial Equity Corporation acquired a new stake in Freeport-McMoRan during the first quarter worth $373,000. Stocks that are volatile and move more than the overall market have a beta greater than 1 while stocks with price swings less than the market have a beta less than 1.0. Finally, Sumitomo Mitsui Asset Management Company LTD increased its stake in Freeport-McMoRan by 0.3% in the third quarter. The stock plunged -26.38 percent over the past quarter, while declined -14.86 percent over the past six months. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock.
Freeport-McMoRan Inc. (FCX)'s distance from 200 day simple moving average is -8.68 percent, its distance from 50 day simple moving average is -6.82 percent, while its distance from 20 day simple moving average is -3.87 percent. 10,123,672 shares of the company were exchanged. The stock stands 4.84% above the average-price of 50 days and 4.71% compared with the SMA 20. The Market Capitalization of the company stands at 17.28 Billion. (FCX) has a trading volume of 17.73 Million shares, with an average trading volume of 18140 shares - with shares dropping to a 52 week low of $9.24, and the company's shares hitting a 52 week high of $ 17.06.
Freeport-McMoRan (NYSE:FCX) opened at 11.77 on Wednesday.
Previously Freeport-Mcmoran Inc (NYSE:FCX) reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $-0.01. Freeport-McMoran Copper & Gold had 59 analyst reports since July 28, 2015 according to SRatingsIntel. KS now owns 70,530 shares of the natural resource company's stock worth $766,000 after buying an additional 200 shares during the last quarter. It has a dividend yield of 1.00% and a 5 year dividend growth rate of 94.00%.
Some buy side analysts are also providing their Analysis on Freeport-McMoRan Inc., where 1 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 14 said it's a HOLD, 2 reported it as Underperform and 0 analysts rated the stock as Sell. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Sector Perform" rating by RBC Capital Markets on Monday, January 25. If you are accessing this news story on another website, it was illegally copied and republished in violation of USA and worldwide trademark and copyright legislation. KS increased its stake in Freeport-McMoRan by 0.3% in the third quarter.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The stock of Freeport-McMoRan Inc (NYSE:FCX) has "Hold" rating given on Tuesday, September 1 by S&P Research. EPS breaks down the profitability of the company on a single share basis. FBR & Co reissued a "hold" rating and set a $13.00 price objective on shares of Freeport-McMoRan in a report on Wednesday, April 5th. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. So far, analysts are sticking with their bearish recommendations with the consensus call at 3.
In other Freeport-McMoRan news, COO Harry M. Iv Conger sold 77,500 shares of the company's stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $15.24, for a total value of $1,181,100.00. Following the completion of the transaction, the chief operating officer now owns 37,763 shares in the company, valued at approximately $575,508.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP C Donald Whitmire, Jr. sold 2,525 shares of the company's stock in a transaction on Thursday, February 16th. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the transaction, the vice president now owns 60,989 shares in the company, valued at approximately $928,252.58.