Freeport McMoRan +4% after Q4 beat; operating cash flows top guidance

Posted January 29, 2018

About 17.64M shares traded.

Freeport-McMoRan Inc (NYSE: FCX) has grabbed attention from the analysts when it experienced a change of -1.10% in the current trading session to trade at $19.39. It has underperformed by 16.70% the S&P500.

Parametric Portfolio Associates Llc decreased Freeport (FCX) stake by 12.55% reported in 2017Q3 SEC filing. The biggest holder now is James C. Flores who owns 4,325,273 shares (0.30% of those outstanding), whilst Richard C. Adkerson holds 1,852,978 (0.13% of shares outstanding) and Kathleen L. Quirk holds 527,088 (0.04% of shares outstanding). Sometimes investors predict a microeconomic or macroeconomic downturn but hold onto a stock because it was recommended by a leading financial institution. Parametrica Management Ltd who had been investing in Nvr Inc for a number of months, seems to be less bullish one the $12.87B market cap company. The stock decreased 0.42% or $1.84 during the last trading session, reaching $436.05. Shares for $1.97M were sold by Roseborough Teresa Wynn. NVR, Inc. (NYSE:NVR) has risen 38.86% since January 25, 2017 and is uptrending. It has outperformed by 11.63% the S&P500. (NYSE:FCX). Evercore Wealth Management Limited Liability stated it has 0% in Freeport-McMoRan Inc. Shares of Freeport-McMoRan Inc. The stock witnessed 91.32% gains, 93.09% gains and 114.18% gains for the 1-month, 3-month and 6-month period, respectively.

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Gold sales from the Indonesia Mining for the fourth quarter is projected to increase by 47.3% from the third quarter as the Zacks Consensus Estimate for the fourth quarter is pegged at 607,000 ounces. (NYSE:NVR) on Monday, August 14. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.50, which implies that analysts are generally neutral in their outlook for NWSA over the next year. The Home Depot Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Lear Corporation (NYSE:LEA) has "Underweight" rating given on Thursday, June 8 by Morgan Stanley. The competitors from Copper hold an average P/S ratio of 10.51, which offer premium compared with the sector's 3.72. Jefferies upgraded Freeport-McMoRan Inc. The stock has "Hold" rating by BMO Capital Markets on Monday, August 28. Its down 0.06, from 1.46 in 2017Q2. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Freeport-McMoRan by 114.3% during the third quarter. Now have a look at past performance (weekly performance to year to date performance) how Freeport-McMoRan Inc. (NYSE:FCX) for 1,176 shares. Berenberg maintained Freeport-McMoRan Inc.

Three Corner Global Investors Lp increased its stake in Freeport (FCX) by 59.69% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE:NVR). Optimum Advsr owns 100 shares or 0.1% of their U.S. portfolio. Dimensional Fund Advsrs Ltd Partnership has invested 0.01% of its portfolio in NewStar Financial, Inc. (NYSE:FCX) for 788,703 shares. Amalgamated Bancorporation invested in 156,847 shares. Verition Fund Management Lc reported 0.05% in NVR, Inc. (NYSE:FCX). 431,604 were accumulated by Td Asset Mgmt. Leavell Invest Management Inc stated it has 0.13% in NVR, Inc. It also upped Compania De Minas Buenaventu (NYSE:BVN) stake by 272,200 shares and now owns 1.35M shares. (NYSE:FCX). Convergence Ptnrs Limited has 148,393 shares for 0.3% of their portfolio.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of Freeport-McMoRan Inc. Therefore 17% are positive. On Thursday, December 1 the stock rating was maintained by UBS with "Buy". The stock of Lear Corporation (NYSE:LEA) has "Hold" rating given on Thursday, October 26 by Deutsche Bank. (NYSE:HD) rating on Wednesday, September 13.

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At the moment 23 analysts are watching Freeport-McMoran, Inc. Also, it is up from 59% of the total 673 rivals across the globe.

Investors sentiment increased to 1.75 in Q3 2017. Its the same as in 2017Q2.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. On an adjusted basis, earnings were $750 million, or 51 cents a share, up more than double from $351 million, or 25 cents per share. 32,544 are held by Dupont Cap Corp. Moreover, Atria Limited Liability Company has 0.03% invested in Equinix, Inc. Over the same time span, the stock marked US$20.18 as its best level and the lowest price reached was US$11.05. World Asset Mngmt reported 0.06% stake. (NASDAQ:REIT). Bp Plc invested in 0.22% or 14,000 shares. (NYSE:FCX). First Manhattan holds 0% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Gam Holdg Ag has 0% invested in Freeport-McMoRan Inc. Argyle Capital Management owns 37,700 shares or 0.21% of their USA portfolio.

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