Freeport-McMoran (FCX) Receiving Somewhat Positive News Coverage, Report Shows

SEC FORM 4 - SEC.gov

SEC FORM 4 - SEC.gov

Dimensional Fund Advisors Lp now owns 12,110,654 shares worth $170,081,000. The value in dollars decreased from $6,255,000 to $6,060,000 a change of $195,000 quarter over quarter. Its position was worth $30,888,000 an increase of $8,069,000 as of the end of the quarter. The value of the investment in Freeport-Mcmoran Inc went from $5,503,000 to $5,632,000 a change of 2.3% since the last quarter. Finally, Fisher Asset Management LLC acquired a new position in Freeport-McMoran in the second quarter valued at approximately $122,000. Finally, Contrarius Investment Management Ltd raised its position in shares of Freeport-McMoran by 700.5% during the second quarter. Institutional investors and hedge funds own 69.09% of the company's stock.

Freeport-McMoran (NYSE:FCX) traded down $0.75 during midday trading on Tuesday, hitting $13.68. 9,993,385 shares of the stock traded hands, compared to its average volume of 21,486,330.

Freeport-McMoran, Inc. has a 12 month low of $11.05 and a 12 month high of $17.06. Freeport-McMoran, Inc. The company has a market cap of $20,650.00, a P/E ratio of 15.84 and a beta of 2.55.

News headlines about Freeport-McMoran (NYSE:FCX) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The natural resource company reported $0.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.03. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.06 billion. Freeport-McMoran had a return on equity of 13.35% and a net margin of 6.20%. The company's revenue for the quarter was up 11.2% compared to the same quarter past year. During the same period in the previous year, the company posted $0.13 EPS. sell-side analysts predict that Freeport-McMoran, Inc. will post 1.07 EPS for the current fiscal year.

Costco Wholesale (COST) Ownership Up in Latest Report from Alliancebernstein LP
The fund owned 118,050 shares of the retailer's stock after acquiring an additional 2,896 shares during the quarter. Keybank National Association OH boosted its position in Costco Wholesale Corporation by 1.1% in the second quarter.

A number of brokerages have issued reports on FCX.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by Week Herald and is the sole property of of Week Herald.

On October 26 FBR & Co maintained a company rating of "Hold" with a current price target of $12.00. If you are accessing this news story on another publication, it was stolen and reposted in violation of USA and global copyright and trademark laws. The correct version of this piece of content can be accessed at https://weekherald.com/2017/11/14/bt-investment-management-ltd-has-118-05-million-holdings-in-freeport-mcmoran-inc-fcx.html. BidaskClub upgraded Freeport-McMoran from a "sell" rating to a "hold" rating in a report on Monday, July 24th.

Dimensional Fund Advisors Lp reports that it bought 589,638 shares in quarter ending 09/30/2017 increasing its stake in Freeport-Mcmoran Inc (FCX) by 5.1%. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of "Hold" and an average price target of $15.54. The stock was purchased at an average cost of $15.23 per share, with a total value of $551,021.40. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. Following the purchase, the chief operating officer now directly owns 73,943 shares of the company's stock, valued at $1,126,151.89.

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