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Revenue Estimates Analysis Of Freeport-McMoRan Inc. (FCX)

28 June 2017

Deutsche Bank AG raised shares of Freeport-McMoran from a "sell" rating to a "hold" rating and upped their price objective for the company from $12.50 to $14.00 in a report on Tuesday, March 21st. This rating score is based on a 1-5 scale where a 5 would reveal a Strong Buy, a 4 indicates a Moderate Buy, 3 would equal to a hold, 2 means a moderate sell, and a rating of 1 would display a Strong Sell. The rating was downgraded by Telsey Advisory Group to "Market Perform" on Thursday, February 2. Washington Com reported 1.85% of its portfolio in Bank of America Corp (NYSE:BAC). (NYSE:BWA). Logan Capital Management Inc stated it has 0.13% of its portfolio in BorgWarner Inc. The firm has a market capitalization of $17.10 billion, a P/E ratio of 63.21 and a beta of 2.55. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. During the same period in the previous year, the company earned ($0.16) earnings per share. Understanding the market cap is not just important if you "almost investing directly in stocks". The company maintains price to book ratio of 0.71 vs.an industry average at 2.93.

Freeport-McMoran (NYSE:FCX) last released its quarterly earnings results on Tuesday, April 25th. The stock of Freeport-McMoRan Inc (NYSE:FCX) earned "Mkt Perform" rating by FBR Capital on Wednesday, July 20. Cibc Markets owns 85,971 shares for 0.01% of their portfolio. Planning Corporation has invested 0.04% in Freeport-McMoRan Inc (NYSE:FCX).

So the company lags the analysts estimate by $-0.01/share showing a surprise of -6.3%. Jane Street Gru Limited Company owns 830,237 shares for 0.05% of their portfolio. With 21.07 million avg volume, 3 days are for Freeport Mcmoran Incorporated (NYSE:FCX)'s short sellers to cover FCX's short positions. Therefore 26% are positive. About 3,000 shares traded. First Manhattan holds 0% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX) for 10,034 shares.

Cincinnati Financial Corporation (CINF) EPS Estimated At $0.53
The institutional investor owned 430,433 shares of the insurance provider's stock after selling 23,482 shares during the period. Co Of Toledo Na Oh reported 0.19% in Cincinnati Financial Corporation (NASDAQ:CINF). "To 7.1% Using Options" on June 21, 2017.

A number of other hedge funds have also recently bought and sold shares of FCX.

While looking at the Stock's Performance, Freeport-McMoRan Inc. now shows a Weekly Performance of 2.98%, where Monthly Performance is -1.18%, Quarterly performance is -8.2%, 6 Months performance is -16.3% and yearly performance percentage is -0.08%. Deutsche Bank has "Buy" rating and $17 target. Moreover, Tci Wealth Advsr has 0.03% invested in Freeport-McMoRan Inc (NYSE:FCX). Cowen & Co maintained Freeport-McMoRan Inc (NYSE:FCX) on Monday, November 21 with "Outperform" rating.

Freeport-McMoran Copper & Gold, Inc. had its " rating reiterated by analysts at Deutsche Bank. Shares for $1.18 million were sold by Conger Harry M. IV.

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Since February 7, 2017, it had 0 insider purchases, and 2 selling transactions for $9.23 million activity. The rating was maintained by Morgan Stanley on Tuesday, August 18 with "Overweight". MADONNA JON C/ had sold 14,000 shares worth $232,498 on Wednesday, February 1. FCX's profit would be $356.83M giving it 12.24 P/E if the $0.24 EPS is correct. The stock has "Neutral" rating by Citigroup on Tuesday, September 1. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. On Friday, September 11 the stock rating was initiated by Gabelli with "Buy". During the last 52 weeks, the price has been as high as $17.06 and as low as $9.24. For the next 5 years, Freeport-McMoRan Inc.is expecting Growth of 54.28% per annum, whereas in the past 5 years the growth was -30.66% per annum. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. Its down 0.18, from 1.16 in 2016Q3. Ameritas Prtn invested in 0.02% or 29,215 shares. Fisher Asset Mgmt Llc has invested 0% of its portfolio in Entravision Communication (NYSE:EVC). Anthem Inc Com (NYSE:ANTM) was reduced too. New York State Common Retirement Fund reported 158,300 shares. Its shares have trimmed -30.72% since hitting a peak level of $17.06 on January 24, 2017. Tdam Usa holds 0.01% or 11,301 shares.

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