Large Cap Copper: Freeport-McMoRan Inc. (NYSE:FCX)

The stock established a negative trend of -0.95% in last week and indicated rise of 22.35% in previous month. 20,396,696 shares of the company’s stock were exchanged. Common S is $12.03, and stock is trading $-0.21 points away or -1.75% from its 50-day moving average of $12.03. The firm’s stock has a market capitalization of $16.44 bln.

The share price of the company (NYSE:FCX) was down -0.74%, with a high of 12.36 during the day and the volume of Freeport-McMoran Copper & Gold, Inc. shares traded was 20228564.

Freeport-McMoRan Inc.’s (FCX) made a return of -8.73%% in one month through last close, displaying a 13.54% return during the past three months. The natural resource company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The Stock now has a Weekly Volatility of 3.17% and Monthly Volatility of 4.40%. Freeport-McMoran Copper & Gold’s quarterly revenue was down 15.3% on a year-over-year basis. On average, analysts expect that Freeport-McMoran Copper & Gold will post $0.48 EPS for the current fiscal year.

In a related news, Flores James C, (Vice Chairman of the Board) of Freeport-Mcmoran Inc, had purchased 2,200,000 shares on September 4, 2015. Pacific Heights Asset Management Llc owns 4.07 million shares or 4.03% of their USA portfolio. BB&T Securities LLC now owns 82,303 shares of the natural resource company’s stock valued at $851,000 after buying an additional 20,920 shares during the last quarter.

According to Zacks brokerage recommendations, Freeport-McMoRan Inc. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). One Month Ago, stock has been recommended as “BUY” from “5” and “0” given “OVERWEIGHT” rating for the company. Chevy Chase Trust Holdings Inc. increased its position in shares of Freeport-McMoran Copper & Gold by 9.4% in the first quarter. The number of shares now owned by investors are 1.36 bln.

A number of other brokerages have also weighed in on FCX. Conclusions from the analysis of the editorial shall not portray the position of any analysts or financial professionals. Berenberg Bank reiterated a “hold” rating and issued a $11.00 target price on shares of Freeport-McMoran Copper & Gold in a research note on Thursday, July 28th. The average numbers of shares are traded in a security per day, during the recent 3-month period. “8” issued rating as a “HOLD”. Finally, BMO Capital Markets restated a “hold” rating on shares of Freeport-McMoran Copper & Gold in a report on Wednesday, April 27th.

A number of analysts rated the stock as well: 1 analysts believe that the stock is a STRONG BUY while 2 reported it as Buy.16 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 1 say that this stock is a SELL.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

Freeport-McMoRan (FCX) is making smart improvements to its business. Its portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in the United States.