Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Freeport-McMoran, Inc. 99 funds opened positions while 175 raised stakes. Glg Limited holds 0.06% or 66,589 shares in its portfolio. Freestone Ltd Liability Co stated it has 0% in Antero Resources Corp (NYSE:AR). Zacks Investment Research upgraded shares of Freeport-McMoran from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. 263.24 million shares or 4.56% more from 251.75 million shares in 2016Q3 were reported. Cambridge Investment Rech Advsr holds 0.1% or 40,598 shares. 33,124 are held by Paradigm Financial Advisors Limited Com. Johnson Fincl Group Incorporated has invested 0% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX). It also increased its holding in Pnc Finl Svcs Group Inc (NYSE:PNC) by 396,500 shares in the quarter, for a total of 466,000 shares, and has risen its stake in Pioneer Nat Res Co (NYSE:PXD). Morgan Stanley downgraded the shares of CMI in report on Wednesday, October 28 to “Underweight” rating. 54,456 Tupperware Brands Corporation (NYSE:TUP) shares with value of $3.96M were sold by GOINGS E V.
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Duquesne Family Office Llc, which manages about $1.03B US Long portfolio, upped its stake in Bank Amer Corp (NYSE:BAC) by 982,700 shares to 2.56 million shares, valued at $56.63 million in 2016Q4, according to the filing. Howe Rusling holds 579 shares. BMO Capital Markets set a $17.00 price target on Freeport-McMoran and gave the stock a “hold” rating in a report on Wednesday, July 26th. 21,270,049 shares of the company’s stock traded hands.
Among 23 analysts covering Freeport-McMoran Copper & Gold (NYSE:FCX), 6 have Buy rating, 5 Sell and 12 Hold. Therefore 0 are positive. $14.43’s average target is 4.11% above currents $13.86 stock price. Freeport-McMoran Copper & Gold had 76 analyst reports since July 28, 2015 according to SRatingsIntel. ValuEngine cut Freeport-McMoran from a buy rating to a hold rating in a report on Thursday, July 13th.
A number of analysts recently commented on FCX shares. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $13.00 price target (down previously from $14.00) on shares of Freeport-McMoran in a report on Sunday, June 25th. They issued a “market perform” rating and a $15.00 price objective for the company. The firm earned “Sector Perform” rating on Friday, September 25 by RBC Capital Markets. The firm has “Sell” rating by Citigroup given on Tuesday, February 23. The rating was maintained by TD Securities with “Speculative Buy” on Monday, August 10. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, August 29. The firm earned “Hold” rating on Monday, May 2 by Deutsche Bank.
The stock decreased 0.57% or $0.08 during the last trading session, reaching $13.86. Oryx Petroleum Corporation Ltd (TSE:OXC) has 0.00% since September 15, 2016 and is. It has underperformed by 9.87% the S&P500. Finally, State Street Corp raised its stake in Freeport-McMoran by 4.9% in the fourth quarter. In the latest earnings report the EPS was $0.71 and is projected to be $0.94 for the current year with 1,447,307,000 shares now outstanding. During the same period in the prior year, the business earned ($0.02) earnings per share. Sun Life Financial INC boosted its holdings in shares of Freeport-McMoran by 96,340.0% in the 2nd quarter.
Freeport-McMoRan Inc (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. Freeport-McMoRan, Inc. has a market cap of 20.28B and has seen an average daily volume of 19296200 over the past three months. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.