Is Freeport-McMoRan Stock Underrated by Wall Street?

FCX Dividend data by YCharts

Cowen & Co maintained it with "Outperform" rating and $15 target in Monday, May 16 report. J.P. Morgan upgraded the shares of CUB in report on Thursday, August 10 to "Buy" rating. As per Friday, February 3, the company rating was maintained by FBR Capital. The rating was downgraded by Jefferies to "Hold" on Tuesday, January 12. The firm has "Buy" rating given on Wednesday, November 25 by Benchmark. Jefferies maintained Pfizer Inc. (NYSE:AMP) rating on Friday, June 23. Eight Capital initiated coverage on Freeport with a "neutral" rating. The stock of L3 Technologies Inc (NYSE:LLL) has "Buy" rating given on Tuesday, August 8 by Drexel Hamilton. FBR Capital maintained Freeport-McMoRan Inc (NYSE:FCX) on Wednesday, July 20 with "Mkt Perform" rating. On Sunday, July 30 the stock rating was maintained by RBC Capital Markets with "Hold".

Harvard Management Co Inc decreased Agrium Inc (AGU) stake by 65.07% reported in 2016Q4 SEC filing. Pillar Pacific Capital Management Llc sold 30,975 shares as Freeport Mcmoran Copper (FCX)'s stock declined 21.33%. The Van Hulzen Asset Management Llc holds 44,251 shares with $1.03M value, up from 16,100 last quarter. L now has $14.16B valuation. Its down 0.28, from 1.33 in 2016Q3. About 2,505 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since August 28, 2016 and is uptrending. It has underperformed by 9.87% the S&P500. HUNTER KELLI A had sold 943 shares worth $121,458. $1.23M worth of Pfizer Inc. Trading was light with 18,049K shares changing hands by the end of trading on Friday.

The stock increased 0.15% or $0.21 on August 25, reaching $138.61.

About 7.61M shares traded.

Many analysts have provided their estimated foresights on Freeport-McMoRan Inc. It has outperformed by 2.19% the S&P500.

Investors sentiment decreased to 0.94 in Q4 2016. Its up 0.19, from 0.96 in 2016Q3. It is positive, as 150 investors sold LLL shares while 135 reduced holdings. 77 funds opened positions while 173 raised stakes. Sumitomo Mitsui Holdings Inc reported 12,053 shares. Wealthtrust invested in 15,927 shares or 0.12% of the stock. The Icahn Carl C holds 91.24 million shares with $1.20 billion value, down from 104.00M last quarter. Royal State Bank Of Canada holds 22,966 shares or 0% of its portfolio. BMO Capital Markets set a $17.00 price objective on shares of Freeport-McMoran and gave the stock a "hold" rating in a report on Wednesday, July 26th. Fdx Advsrs accumulated 414,312 shares or 0.39% of the stock. Asset Mgmt Incorporated owns 141,166 shares for 0.07% of their portfolio. Wells Fargo Mn holds 0.02% or 4.93M shares in its portfolio. First Manhattan Com reported 0% stake. Stifel Financial invested 0% of its portfolio in Mueller Water Products, Inc. (NYSE:PFE) or 32.20M shares. Clark Estates Ny has 9.15% invested in Pfizer Inc.

P/E ratio of the company is 21.69. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. When investing in a volatile security, the risk of success is increased just as much as the risk of failure. Its up 0.19, from 0.96 in 2016Q3. It dived, as 90 investors sold AAPL shares while 975 reduced holdings. 99 funds opened positions while 175 raised stakes.

Freeport-McMoRan Inc. on 6/29/2017 reported its EPS as $0.13 with the analysts projecting the EPS of the stock as $0.18. Deutsche Bank downgraded Freeport-McMoRan Inc (NYSE:FCX) on Monday, October 5 to "Hold" rating. The institutional investor owned 390,500 shares of the natural resource company's stock after buying an additional 34,700 shares during the period. Fisher Asset Management LLC bought a new position in shares of Freeport-McMoran during the second quarter worth approximately $122,000.

Shares of Freeport-McMoran, Inc. Old Second Natl Bank Of Aurora has invested 0% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). Corecommodity Mgmt Limited has 6,439 shares for 0.07% of their portfolio.

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 Indonesia, a subsidiary of USA mining giant Freeport McMoRan, also agreed to convert its contract of work (CoW) into a Special Mining License (IUPK), build a smelter within the next five years and increase its contribution to state revenues from its Grasberg mine in Papua, announced a government-Freeport joint press conference on Tuesday. Teacher Retirement Sys Of Texas invested in 733,733 shares. Balyasny Asset Management Limited Liability Company, a Illinois-based fund reported 10.70 million shares. Amer Gp Inc holds 0% or 18,424 shares in its portfolio.

Related:

Comments


Other news