Freeport-McMoRan Inc (FCX) Price Target Raised to $16.00

Robyn Valdez
April 27, 2017

The debt is now trading at $93.88 and was trading at $92.31 last week. The price to earnings growth is 47.03 and the price to sales ratio is 17. The company missed consensus earnings estimates in the quarter, marking the third consecutive miss. The company now has a Return on Equity (ROE) of -89.90% and a Return on Investment (ROI) of -14.20%. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.51 billion. However a year ago during same quarter Freeport-McMoRan Inc (NYSE:FCX) reported -$0.16 EPS. Analysts were looking for C$1.29 in earnings and C$3.04 billion in revenue, according to Thomson Reuters I/B/E/S. They give the company shares an ABR of 2.55.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.85 on the shares of Freeport-McMoRan Inc (NYSE:FCX).

The quarterly performance stats for Freeport-McMoRan Inc. stands at -22.20% and the half-yearly performance is at 19.78%.

Honeywell Earnings Are Good Despite Weak Comps
On average, equities analysts predict that Honeywell International will post $7.04 earnings per share for the current fiscal year. Finally, Northwest Investment Counselors LLC boosted its stake in shares of Honeywell International by 1.7% in the third quarter.

03/22/2017 - Freeport-McMoran Copper & Gold, Inc. was upgraded to "hold" by analysts at Berenberg Bank. Barclays PLC reiterated an equal weight rating and issued a $14.00 target price on shares of Freeport-McMoRan in a research report on Monday, January 30th.

Relative strength index (RSI-14) for Freeport-McMoRan Inc (NYSE:FCX) is at 36.93.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Earnings per share is generally considered to be the single most important variable in determining a share's price. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Harry M. Iv Conger sold 77,500 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $15.24, for a total value of $1,181,100.00. Following the sale, the chief operating officer now directly owns 37,763 shares of the company's stock, valued at $575,508.12. The disclosure for this sale can be found here. The recommendation scale measures the value from 1 to 5, where 1 means "Strong Buy" and 5 stands for "Sell". Nikko Asset Management Americas Inc. now owns 1,904,147 shares of the natural resource company's stock worth $25,439,000 after buying an additional 141,600 shares during the last quarter. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/04/26/freeport-mcmoran-inc-fcx-pt-raised-to-16-00-at-jefferies-group-llc-updated-updated.html.

West Ham interest in John Terry all but confirmed by Slaven Bilic
Terry, who remains Chelsea's club captain, has won 14 major honours and made 713 appearances since his first-team debut in 1998. Terry has been at Stamford Bridge for 22 years, appearing in just under 500 Premier League games for his hometown club.

01/30/2017 - Freeport-McMoran Copper & Gold, Inc. had its "equal-weight" rating reiterated by analysts at Barclays.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. FMR LLC increased its stake in shares of Freeport-McMoRan by 33.2% in the fourth quarter. The last session's volume of 32.42 million shares was higher than its average volume of 20.03 million shares. Blackrock Institutional Trust Na owns 535,129 shares. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

The Company has 1426.90 million shares outstanding and 1424.10 million shares were floated in market. For the past 5 days of trading, the stock has seen a move of -3.85%.

National Basketball Association fines Patrick Beverley $25000 over fan altercation
It took place in the first half when Beverley fell to the floor, only to take exception to landing on the fan's feet. The fan was identified as Stuart Scaramucci , son of Oklahoma City Thunder minority owner Jay Scaramucci.

Freeport-McMoRan Inc. shares decreased -4.08 percent over the past week and fell -4.68 percent over the previous month. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global copyright & trademark laws. The Firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. To put this in context, Freeport reported average realized prices of $2.47 per pound for copper, $1,174 per ounce for gold, and $8.27 per pound for molybdenum in 4Q16.

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