Polianta Ltd Has $1.25 Million Stake in Freeport-McMoRan Inc (FCX)

Polianta Ltd trimmed its stake in Freeport-McMoRan Inc (NYSE:FCX) by 23.2% in the 4th quarter, Holdings Channel reports. The firm owned 66,100 shares of the natural resource company’s stock after selling 20,000 shares during the period. Polianta Ltd’s holdings in Freeport-McMoRan were worth $1,253,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FCX. Sun Life Financial INC raised its holdings in shares of Freeport-McMoRan by 96,340.0% in the second quarter. Sun Life Financial INC now owns 9,644 shares of the natural resource company’s stock worth $116,000 after buying an additional 9,634 shares during the period. Schroder Investment Management Group raised its holdings in shares of Freeport-McMoRan by 2,015.5% in the second quarter. Schroder Investment Management Group now owns 11,487 shares of the natural resource company’s stock worth $139,000 after buying an additional 10,944 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Freeport-McMoRan in the third quarter worth approximately $140,000. Abbot Financial Management Inc. purchased a new stake in shares of Freeport-McMoRan in the second quarter worth approximately $142,000. Finally, Rothschild Investment Corp IL purchased a new stake in shares of Freeport-McMoRan in the third quarter worth approximately $147,000. 68.07% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on FCX. Morgan Stanley upgraded Freeport-McMoRan from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $10.00 to $14.00 in a report on Monday, December 11th. FBR & Co reiterated a “neutral” rating and issued a $12.00 price target (down from $13.00) on shares of Freeport-McMoRan in a report on Thursday, September 14th. UBS Group increased their price target on Freeport-McMoRan from $13.50 to $14.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Zacks Investment Research downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, B. Riley reiterated a “neutral” rating on shares of Freeport-McMoRan in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.80.

Freeport-McMoRan Inc (FCX) traded down $0.61 on Tuesday, reaching $19.20. The company’s stock had a trading volume of 14,530,000 shares, compared to its average volume of 18,280,000. The stock has a market cap of $27,790.00, a P/E ratio of 26.67 and a beta of 2.51. Freeport-McMoRan Inc has a one year low of $11.05 and a one year high of $19.99. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.02 and a quick ratio of 1.32.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Wednesday, October 25th. The natural resource company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.06 billion. Freeport-McMoRan had a return on equity of 13.35% and a net margin of 6.20%. Freeport-McMoRan’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. equities analysts anticipate that Freeport-McMoRan Inc will post 1.09 EPS for the current year.

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Freeport-McMoRan Profile

Freeport-McMoRan Inc (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company’s segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

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Institutional Ownership by Quarter for Freeport-McMoRan (NYSE:FCX)

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