Let's Get Technical With Freeport-McMoRan Inc. (FCX)

Let's Get Technical With Freeport-McMoRan Inc. (FCX)

Let's Get Technical With Freeport-McMoRan Inc. (FCX)

Many analysts are providing their Estimated Earnings analysis for Freeport-McMoRan Inc. and for the current quarter 17 analysts have projected that the stock could give an Average Earnings estimate of $0.24/share. The institutional investor owned 32,422 shares of the natural resource company's stock after buying an additional 4,520 shares during the period.

A number of other large investors have also recently added to or reduced their stakes in FCX.

Currently, the market capitalization of Freeport-McMoRan Inc. Checchi Capital Advisers LLC now owns 10,897 shares of the natural resource company's stock worth $118,000 after buying an additional 2,525 shares during the last quarter. $232,498 worth of Freeport-McMoRan Inc (NYSE:FCX) was sold by MADONNA JON C/ on Wednesday, February 1.

Shares of Macy's, Inc. Northwestern Mutual Wealth Management Commerce reported 0% in Bank Of The Ozarks Inc (NASDAQ:OZRK). During the same quarter in the previous year, the business posted ($0.16) EPS. Following the transaction, the chief operating officer now directly owns 37,763 shares of the company's stock, valued at approximately $575,508.12. Stoneridge Investment Partners LLC purchased a new stake in Freeport-McMoRan during the third quarter worth approximately $3,353,000. An increasing ROE indicates that a company is improving its ability to make profit without requiring as much capital. Finally, Sumitomo Mitsui Asset Management Company LTD raised 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.

The Beta coefficient, in terms of finance and investing, is a measure of a stock's (or portfolio's) volatility in relation to the rest of the market.

Freeport-McMoRan Inc. (FCX) now has a Return on Assets (ROA) value of 0.7 Percent. 10,123,672 shares of the company were exchanged. Further back, their 200-Day Simple Moving Average is -8.68% difference from today's price.

Another critical number in evaluating a stock is P/E or the price to earnings ratio.

Freeport-McMoRan Inc. (NYSE:FCX), stock is trading $17.06 above the 52-week high and has displayed a high EPS growth of -21.20% in last 5 years.

Freeport-McMoRan (NYSE:FCX) last posted its earnings results on Tuesday, April 25th. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report 0.49 earnings per share. Freeport-McMoRan had a negative net margin of 28.09% and a positive return on equity of 3.52%. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.51 billion. The company had Year Ago Sales of 3.33 Billion. While for the next 5 years, the growth estimate is 54.28%. Prudential Financial reported 0.05% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). If you are reading this piece on another site, it was illegally stolen and republished in violation of worldwide trademark & copyright legislation. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/05/17/hourglass-capital-llc-maintains-stake-in-freeport-mcmoran-inc-fcx.html. Equity research analysts have given opinions on where they foresees the stock level. Jefferies Group Llc acquired 2.41M shares as Freeport (FCX)'s stock rose 23.39%. Finally, Deutsche Bank AG raised Freeport-McMoRan from a "sell" rating to a "hold" rating and lifted their price objective for the company from $12.50 to $14.00 in a research note on Tuesday, March 21st.

Now the shares of Freeport-McMoRan Inc. The share price is now down -27.90% for the past three months.

This recommendation lands on a scale between 1 and 5. 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. Currently, the stock has a 1 Year Price Target of $15.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP C Donald Whitmire, Jr. sold 2,525 shares of Freeport-McMoRan stock in a transaction dated Thursday, February 16th. The share price has moved backward from its 20 days moving average, trading at a distance of -3.87% and stays -6.82% away from its 50 days moving average.