For quarter ended on 2016-06-30, the EPS came $-0.02, which saw unexpected deviation of -100 percent versus the analysts’ projections. From one month ago, the change of the mean estimate is 0 percent. The return on equity ratio or ROE stands at 37.9% while most common profitability ratio return on investment (ROI) was 28.3%.
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These analysts also forecasted Growth Estimates for the Current Quarter for FCX to be 226.7%.
“Year Ending Dec-17” Analyst are expecting that the company to declare next quarterly earnings of $19 per share for period 1.84. Freeport-McMoran Copper & Gold’s revenue for the quarter was down 15.3% on a year-over-year basis.
A number of other research analysts have also recently weighed in on the stock.
In case of Revenue Estimates, 8 analysts have provided their consensus Average Revenue Estimates for Freeport-McMoran, Inc.as 4.1 Billion. The stock tapped a 52-week high of US$14.2 while the 12-month Consensus Price Target is US$11.99. HSBC reiterated a buy rating on shares of Freeport-McMoran Copper & Gold in a report on Thursday, July 7th. (NYSE:NLY) declared an additional third quarter 2016 common stock cash dividend of $0.26413 per common share. 3 of the brokerages firms have a buy or better rating; the 1 sells versus 0 underperforms.
On this pioneering rating platform, a grade of one is specified as an analyst recommendation for stock investment.
Freeport-McMoran (NYSE:FCX): The stock opened in the green at $9.81 on Thursday, but the bulls found it hard to push the prices higher. Freeport-McMoran Copper & Gold has a 52 week low of $3.52 and a 52 week high of $14.20. The stock has a 50-day moving average of $11.64 and a 200 day moving average of $11.11. The market capitalization of the company is $13.02B with an average Volume of 32.39 million shares.
Freeport-McMoran Copper & Gold Inc. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is -11.41% where SMA50 and SMA200 are -16.93% and 2.68% respectively. Nippon Life Insurance Co. raised its position in shares of Freeport-McMoran Copper & Gold by 1.2% in the second quarter.
Morgan Stanley is a brokerage house chasing shares of Freeport-McMoRan Inc.
WEC Energy Group Inc (NYSE:WEC) traded 1,987,935 shares on last trading day with closing price of $59.97.
Freeport-McMoRan Inc (NYSE:FCX) is expected to release the earnings of its current quarter on 10/27/16.The company is expected to release $0.19 EPS for current quarter according to 16 analysts whereas the company reported $-0.15 EPS during same quarter a year ago. Finally, Exxonmobil Investment Management Inc. TX now owns 304,795 shares of the natural resource company’s stock worth $3,152,000 after buying an additional 45,716 shares during the last quarter.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
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On Tuesday, Icahn, who owns an 8.5% stake in the oil and gas company, boasted that Freeport is “making good on its stated goal of deleveraging and is on track to cut its net debt by half” from year-end 2015 to the end of 2017. It holds interests in various mines located in the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, Miami, Chino, Tyrone, Henderson, and Climax in North America; Cerro Verde and El Abra in South America; and the Tenke Fungurume minerals district in the Democratic Republic of Congo, Africa.
