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Highly Traded Stock: Freeport-McMoRan Inc. (FCX)

12 October 2017

Bw Gestao De Investimentos Ltda increased Freeport (FCX) stake by 33.33% reported in 2017Q2 SEC filing. 6,362,453 shares of the company's stock traded hands. The company holds 1.45 billion outstanding shares and 1.44 billion shares are floating in market. It has outperformed by 14.32% the S&P500. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Therefore 26% are positive. Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 0.90 as current ratio and on the opponent side the debt to equity ratio was 1.20 and long-term debt to equity ratio also remained 1.17. Freeport-McMoran Copper & Gold had 83 analyst reports since July 28, 2015 according to SRatingsIntel. (NYSE:T), 8 have Buy rating, 1 Sell and 17 Hold. On Wednesday, October 4 the stock rating was maintained by Jefferies with "Buy". The firm earned "Mkt Perform" rating on Wednesday, July 20 by FBR Capital. The rating was initiated by Macquarie Research with "Hold" on Thursday, September 7. The stock of Freeport-McMoRan Inc (NYSE:FCX) has "Hold" rating given on Thursday, August 20 by Zacks. Birchview Capital Lp, a Vermont-based fund reported 68,000 shares. Stifel Nicolaus maintained Freeport-McMoRan Inc (NYSE:FCX) on Tuesday, July 18 with "Hold" rating. S&P Research upgraded the shares of FCX in report on Tuesday, September 1 to "Hold" rating. Cowen & Co maintained the shares of TMUS in report on Friday, August 25 with "Buy" rating. Credit Suisse has "Hold" rating and $69 target. The rating was maintained by Argus Research with "Buy" on Tuesday, August 4. On Monday, August 7 the stock rating was downgraded by Evercore to "In-Line". BMO Capital Markets maintained the shares of FCX in report on Friday, September 29 with "Hold" rating. The firm has "Underweight" rating by Morgan Stanley given on Wednesday, September 14. Central Securities Corporation has 150,000 shares.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Its up 0.14, from 1.22 in 2017Q1. It turned negative, as 37 investors sold ETN shares while 289 reduced holdings. 159 funds opened positions while 684 raised stakes.

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Great Point Partners Llc holds 6.52% of its portfolio in Vanda Pharmaceuticals Inc. for 2.23 million shares. Assetmark has 67 shares. Cantab Capital Ptnrs Llp has invested 0% of its portfolio in Eaton Corporation, PLC Ordinary Shares (NYSE:ETN). Wheatland Advisors invested in 24,906 shares. Amica Retiree has 11,839 shares for 0.12% of their portfolio. Coastline Communications holds 0.69% or 100,702 shares in its portfolio. 7,181 are owned by Page Arthur B. Joel Isaacson Co reported 82,400 shares. The company beat the analyst EPS Estimate with the difference of $-0.05. Shamrock Asset Mngmt Lc owns 244 shares for 0.01% of their portfolio. Davis Selected Advisers holds 3.51M shares. Forward holds 13,534 shares.

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. They expect $0.76 earnings per share, up 2.70% or $0.02 from last year's $0.74 per share. FCX generated revenue of $3.8 Billion in the same quarter, one year ago. After $0.17 actual earnings per share reported by Freeport-McMoRan Inc for the previous quarter, Wall Street now forecasts 35.29% EPS growth.

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Freeport-McMoRan Inc (FCX) is a mining company. The company has market cap of $15.24 million. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. It has a 23.51 P/E ratio. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Investors sentiment increased to 1.36 in 2017 Q2. Its up 0.18, from 0.97 in 2017Q1. 962.50 million shares or 2.74% less from 989.56 million shares in 2017Q1 were reported. RBC Capital Markets maintained Freeport-McMoRan Inc (NYSE:FCX) on Tuesday, October 10 with "Hold" rating. The short interest to Freeport Mcmoran Incorporated's float is 2.55%. Alabama-based Leavell Management Incorporated has invested 0.02% in Freeport-McMoRan Inc (NYSE:FCX). Freeport-McMoRan had a negative net margin of 28.09% and a positive return on equity of 3.52%. The stock declined 0.28% or $0.04 reaching $14.39 per share. Prelude Capital Mgmt Ltd Liability invested in 0% or 2,856 shares. JPMorgan Chase & Co. began coverage on Freeport-McMoRan in a report on Thursday, February 9th. Ironwood Fin Ltd Llc holds 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX) for 829 shares. State Of New Jersey Common Pension Fund D reported 4.40 million shares. (FCX) is -14.2 percent. Scotia Capital has invested 0.38% in AT&T Inc. Glob X Limited Liability Company invested in 155,590 shares. The stock declined 0.61% or $0.24 reaching $38.26 per share. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since October 11, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

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Highly Traded Stock: Freeport-McMoRan Inc. (FCX)