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Published: Thu, January 05, 2017
Economy | By Melissa Porter

Revenue Estimates Analysis: Freeport-McMoRan Inc. (NYSE:FCX)

Revenue Estimates Analysis: Freeport-McMoRan Inc. (NYSE:FCX)

Nisa Investment Advisors LLC increased its stake in shares of Freeport-McMoran by 51.1% in the second quarter. Inc. purchased a new stake in shares of Freeport-McMoran during the second quarter valued at $535,000. (NYSE:FCX) have been assigned a consensus rating of "Hold" from the twenty analysts that are now covering the company. The Next Year EPS growth is 407.4%, Long term annual growth estimate of 28.5%, Annual EPS growth past 5 years of -32.09 percent.

Freeport-McMoRan Inc.'s (FCX) stock price ended its day with a loss of -2.15% and finalized at the value of $13.19. HighPoint Advisor Group LLC raised its stake in shares of Freeport-McMoRan by 1.8% in the third quarter. This estimate is provided by 10 analysts.

The 19 analysts offering 12-month price forecasts for Freeport-McMoRan Inc have a median target of 12.00, with a high estimate of 20.00 and a low estimate of 4.90. According to their predictions High & Low revenue estimates are 4.85 Billion and 3.8 Billion respectively.

Energy powerhouse Freeport-McMoRan (FCX) rallied 94% in 2016, making it the S&P 500's No. 3 gainer for the year - and perhaps the ultimate "back-from-the-dead" stock from among the index's big winners for the year. They now have a $13.50 target price on the natural resource company's stock. The mean price target is calculated keeping in view the consensus of 11 analysts. Deutsche Bank AG upgraded Freeport-McMoran from a "hold" rating to a "buy" rating and upped their price target for the stock from $12.00 to $12.50 in a report on Monday, October 3rd.

Freeport-McMoRan Inc. went up 2.54% during trading on 01/04/2017, reaching at $14.13. That's exactly what Freeport was trying to diversify away from when it went on an oil-and-gas buying spree in 2012, shelling out $20 billion to buy Plains Exploration and related company McMoRan Oil & Gas. The stock appeared -16.08% below its 52-week highs and is down -0.22% for the last five trades. The stock's 50 day moving average is $14.62 and its 200 day moving average is $12.03. The stock hit its 52-week high price on 11/23/16, and 52-week low price on 01/20/16. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.

Freeport-McMoRan Inc. on 10/25/2016 reported its EPS as $0.13 with the analysts projecting the EPS of the stock as $0.18. (NYSE:FCX) where Berenberg provided Sell rating on the stock on 30-Nov-16. Essentially, a price target is an individual analyst's expectation on the future price of a security, usually a stock. The score shows the rating on a scale of 1 to 5, where 1=strong buy and 5=strong sell. Freeport-McMoran has a consensus rating of "Hold" and a consensus target price of $11.38. Out of rating recommendations 1 have given the stock a Buy while 2 recommend the stock as Outperform. Morgan Stanley downgraded shares of Freeport-McMoRan from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $9.00 to $7.00 in a research note on Wednesday, September 14th. Gap traders find stocks that have a price gap from the previous close and then watch the first hour or so of trading in order to identify what the trading range is. Hedge funds and other institutional investors own 68.54% of the company's stock. While it's Return on Investment (ROI) value is -40.5%. The company reported the earnings of $0.13/Share in the last quarter where the estimated EPS by analysts was $0.18/share.

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