Amalgamated Bank Adjusts Its Holdings in Freeport-McMoRan, Inc. (FCX) Stock

12 August, 2017, 23:06 | Author: Terri Saunders

Jump Trading Ltd invested in 3,430 shares or 0.02% of the stock. And on annual basis, the fiscal year 2017 current estimate trend was $0.96 as compared to three months ago trend estimates was $1.02.

Tightening the gaze, stock performance for the last 5 trading days is 1.53%. About 524,474 shares traded. About 14.40 million shares traded. The Paradigm Capital Management Inc holds 972,900 shares with $7.16M value, down from 1.97M last quarter.

The company now has a P/E ratio of 19.96 and market cap is 20.48B. The stock's average target of $15.90 is 10.72% above today's ($14.36) share price.

Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings results on Tuesday, July 25th. It has underperformed by 9.87% the S&P500. (NYSE:FCX) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Stock of Freeport-McMoRan Inc. The company has a 50-day moving average of $13.16 and a 200-day moving average of $13.13. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since August 10, 2016 and is uptrending. The value of the investment in Freeport-McMoRan, Inc. decreased from $23,714,000 to $318,000 a change of $23,396,000 for the reporting period. Therefore 24% are positive. ValuEngine upgraded Freeport-McMoran from a "hold" rating to a "buy" rating in a report on Thursday, July 6th. The firm has "Outperform" rating by Cowen & Co given on Monday, May 16. Clarkson Capital reissued a "neutral" rating on shares of Freeport-McMoRan in a report on Monday, July 10th. The company presently has an average rating of "Hold" and an average target price of $14.27. The rating was maintained by Macquarie Research with "Outperform" on Saturday, August 15.

During the latest trading session Freeport-McMoRan Inc.

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.02, from 0.98 in 2016Q3. It is positive, as 65 investors sold GS shares while 424 reduced holdings. 41 funds opened positions while 89 raised stakes. Share performance for the month is now at 5.79%. $2.01M worth of Goldman Sachs Group Inc (NYSE:GS) shares were sold by SOLOMON DAVID M.

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From another technical standpoint, Freeport-McMoRan Inc.

COPYRIGHT VIOLATION WARNING: "Freeport-McMoRan Inc (NYSE:FCX) Stock Rating Upgraded by BidaskClub" was posted by Transcript Daily and is owned by of Transcript Daily. Tieton Cap Mgmt Ltd has 635,190 shares for 3.65% of their portfolio. Whittier Com Of Nevada Inc invested in 9,502 shares. Finally, Sprott Inc. boosted its position in shares of Freeport-McMoran by 2.6% in the first quarter. The New York-based Icahn Carl C has invested 5.38% in the stock. California Public Employees Retirement has 1.61 million shares. Bbva Compass State Bank reported 47,101 shares or 0.04% of all its holdings. Northeast Inv Mgmt owns 62,838 shares or 1.44% of their USA portfolio. These shares are worth $1,181,100 and were traded at $15.24 each.

How Active Are Freeport-McMoRan Inc. The New York-based Tower Rech Cap Lc (Trc) has invested 0% in Lattice Semiconductor Corp (NASDAQ:LSCC). Its down 0.02, from 0.98 in 2016Q3. Ameriprise Financial Incorporated holds 1.18 million shares or 0.01% of its portfolio. Voya Finl Inc (NYSE:VOYA) was raised too. Gilder Gagnon Howe & Llc has invested 0% in Twitter Inc (NYSE:TWTR). 482,146 were accumulated by Walleye Trading Lc. Finally, Sii Investments Inc. Ontario Teachers Pension Plan Board holds 0.01% or 92,748 shares. Glenmede Trust Na owns 1,130 shares. Clinton Grp Incorporated owns 717,086 shares or 0.55% of their U.S. portfolio.

Among 20 analysts covering Sap Ag (NYSE:SAP), 11 have Buy rating, 2 Sell and 7 Hold. Chicago Equity Prtnrs Limited Company stated it has 1.08% of its portfolio in Goldman Sachs Group Inc (NYSE:GS). The firm earned "Mkt Perform" rating on Friday, September 18 by FBR Capital. The firm has "Underperform" rating given on Tuesday, July 25 by Bank of America.

On July 12 the stock rating was downgraded to "Sell" from "Sell" in an announcement from Berenberg.

7/27/2017 - Freeport-McMoran had its "buy" rating reaffirmed by analysts at Jefferies Group LLC. The rating was maintained by Barclays Capital on Wednesday, April 27 with "Equal-Weight". The rating was maintained by RBC Capital Markets with "Hold" on Monday, May 29. Benjamin F. Edwards & Company Inc. now owns 10,704 shares of the natural resource company's stock valued at $129,000 after buying an additional 3,865 shares during the period. Parkwood LLC increased its position in shares of Freeport-McMoran by 380.3% in the first quarter.

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