Growth Analysis of Freeport-McMoran, Inc. (NYSE:FCX)


Freeport-McMoRan reported earnings of $0.15 per share, in line with analysts' estimates, on revenue of $3.34 billion.

Currently, Wall Street is projecting that the firm will post $1.52 earnings per share.

Several hedge funds have recently modified their holdings of the company. Piedmont Limited Liability Corp has 0% invested in Freeport-McMoRan Inc (NYSE:FCX) for 698,043 shares. Johnson Investment Counsel Inc. now owns 10,882 shares of the natural resource company's stock worth $118,000 after buying an additional 657 shares during the last quarter.

Freeport-McMoRan Inc. (FCX) has a market capitalization of 17.65 Billion.

It takes "about 35 days" to ship from Chile, he said, more than three times longer than it takes to ship from Grasberg. Earnings per share is generally considered to be the single most important variable in determining a share's price. Checchi Capital Advisers LLC increased its stake in Freeport-McMoRan by 30.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Following the completion of the sale, the vice president now directly owns 64,896 shares in the company, valued at approximately $1,000,696.32. Operations where also hit by a 38-day strike at a domestic refinery in which the United States company owns a minority stake.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings results on Wednesday, January 25th. The company's market cap is $17.45 Billion, and the average volume is 26.08 Million.

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The simple 20 day moving average for Freeport-McMoRan -5.63% and the simple 200-day moving average is at -5.28%. Stock investors purchased 41,679 call options on the company.

Electronics for Imaging (NASDAQ:EFII) reported Q1 EPS of $0.55, in-line with the analyst estimate of $0.55. Revenue rose to $3.3 million from $2.3 million, compared with the FactSet consensus of $3.5 million. The company now has a Return on Equity (ROE) of -89.90% and a Return on Investment (ROI) of -14.20%. Its sales stood at -6.60% a year on average in the period of last five years.

In my previous article on Freeport-McMoRan (NYSE:FCX), I stated that the low end of the current range ($12 - $14) might be a good entry point for a pre-earnings play. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and worldwide copyright and trademark legislation. Freeport-McMoran Copper & Gold had 58 analyst reports since July 28, 2015 according to SRatingsIntel.

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

The target price for Freeport-McMoRan Inc. This ranking was developed by James O'Shaughnessy using six different valuation ratios including price to book value, price to sales, EBITDA to EV, price to cash flow, price to earnings, and shareholder yield. Cowen and Company reissued a "buy" rating on shares of Freeport-McMoRan in a research note on Tuesday, April 11th. Finally, TheStreet raised shares of Freeport-McMoRan from a "d" rating to a "c-" rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The average true range of the stock is observed at 0.49 and the relative strength index of the stock is recorded at 53.19.

In other Freeport-McMoRan news, Director Jon C/ Madonna sold 14,000 shares of the stock in a transaction on Wednesday, February 1st. There is no concrete way to calculate a price target. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $15.42, for a total transaction of $888,500.40.