Kingfisher Capital LLC reduce its holdings in Freeport-McMoRan Inc. (NYSE:FCX – Free Report) by 0.6% through the second quarter, in response to the corporate in its most up-to-date Kind 13F submitting with the SEC. The agency owned 98,203 shares of the pure useful resource firm’s inventory after promoting 614 shares through the quarter. Freeport-McMoRan contains roughly 1.1% of Kingfisher Capital LLC’s portfolio, making the inventory its twenty ninth largest holding. Kingfisher Capital LLC’s holdings in Freeport-McMoRan have been price $4,773,000 as of its most up-to-date SEC submitting.
A variety of different institutional traders and hedge funds have additionally made adjustments to their positions within the enterprise. Point72 Hong Kong Ltd bought a brand new stake in Freeport-McMoRan through the 2nd quarter valued at roughly $525,000. Fred Alger Administration LLC bought a brand new stake in shares of Freeport-McMoRan through the second quarter price roughly $45,327,000. Insigneo Advisory Companies LLC lifted its holdings in shares of Freeport-McMoRan by 95.7% through the second quarter. Insigneo Advisory Companies LLC now owns 12,175 shares of the pure useful resource firm’s inventory price $592,000 after buying an extra 5,954 shares through the interval. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp elevated its stake in Freeport-McMoRan by 60.0% within the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 274,740 shares of the pure useful resource firm’s inventory valued at $13,352,000 after shopping for an extra 102,993 shares through the interval. Lastly, Morse Asset Administration Inc raised its place in Freeport-McMoRan by 71.4% through the 2nd quarter. Morse Asset Administration Inc now owns 41,844 shares of the pure useful resource firm’s inventory price $2,034,000 after shopping for an extra 17,428 shares over the past quarter. 80.77% of the inventory is owned by hedge funds and different institutional traders.
Freeport-McMoRan Inventory Up 8.0 %
FCX inventory opened at $48.73 on Wednesday. The corporate has a debt-to-equity ratio of 0.30, a present ratio of two.40 and a fast ratio of 1.34. Freeport-McMoRan Inc. has a 12 month low of $32.83 and a 12 month excessive of $55.24. The agency has a market capitalization of $70.02 billion, a PE ratio of 43.12, a P/E/G ratio of two.89 and a beta of 1.89. The corporate’s 50 day easy shifting common is $43.42 and its 200-day easy shifting common is $47.33.
Freeport-McMoRan (NYSE:FCX – Get Free Report) final posted its quarterly earnings information on Tuesday, July twenty third. The pure useful resource firm reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The agency had income of $6.62 billion through the quarter, in comparison with analysts’ expectations of $6 billion. Freeport-McMoRan had a return on fairness of seven.60% and a web margin of seven.83%. The agency’s quarterly income was up 15.5% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $0.35 EPS. Equities analysts anticipate that Freeport-McMoRan Inc. will publish 1.61 earnings per share for the present fiscal 12 months.
Analyst Rankings Adjustments
A number of brokerages have not too long ago weighed in on FCX. StockNews.com raised shares of Freeport-McMoRan from a “maintain” score to a “purchase” score in a report on Wednesday, September 18th. UBS Group upgraded Freeport-McMoRan from a “impartial” score to a “purchase” score and boosted their goal worth for the inventory from $54.00 to $55.00 in a analysis report on Wednesday, September 4th. Raymond James raised their worth goal on Freeport-McMoRan from $53.00 to $55.00 and gave the corporate an “outperform” score in a report on Monday. Morgan Stanley dropped their worth goal on Freeport-McMoRan from $60.00 to $58.00 and set an “obese” score on the inventory in a report on Thursday, September nineteenth. Lastly, Deutsche Financial institution Aktiengesellschaft elevated their worth goal on Freeport-McMoRan from $48.00 to $51.00 and gave the inventory a “maintain” score in a analysis report on Monday, June tenth. 4 analysis analysts have rated the inventory with a maintain score, eleven have given a purchase score and one has assigned a powerful purchase score to the inventory. In response to information from MarketBeat, Freeport-McMoRan has a consensus score of “Reasonable Purchase” and a consensus worth goal of $52.93.
Learn Our Newest Evaluation on FCX
Freeport-McMoRan Profile
Freeport-McMoRan Inc engages within the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and different metals. The corporate’s belongings embrace the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, in addition to Cerro Verde in Peru and El Abra in Chile.
Additional Studying
Need to see what different hedge funds are holding FCX? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Freeport-McMoRan Inc. (NYSE:FCX – Free Report).
Obtain Information & Rankings for Freeport-McMoRan Each day – Enter your electronic mail tackle under to obtain a concise each day abstract of the newest information and analysts’ scores for Freeport-McMoRan and associated firms with MarketBeat.com’s FREE each day electronic mail e-newsletter.