Published: Sun, April 30, 2017
Economy | By Melissa Porter

ARP Americas LLC Purchases New Position in Freeport-McMoRan Inc (FCX)

ARP Americas LLC Purchases New Position in Freeport-McMoRan Inc (FCX)

While looking at the Stock's Performance, Freeport-McMoRan Inc. now shows a Weekly Performance of 9.31%, where Monthly Performance is 10.57%, Quarterly performance is -18.18%, 6 Months performance is 32.61% and yearly performance percentage is 17.6%. The P/E ratio was recorded at 9.84.The volatility in the previous week has experienced by 1.21% and observed of 2.10% in the previous month.82.70% ownership is held by institutional investors while insiders hold ownership of 0.10%. Recently, investment analysts covering the stock have updated the mean rating to 2.9.

A simple definition of the simple moving average: The simple moving average (SMA) is calculated by adding the closing price of the stock for the given time periods, say for 20 days, and then dividing it by that time period- i.e 20. Finally, Barclays PLC reaffirmed an "equal weight" rating and set a $14.00 price objective on shares of Freeport-McMoRan in a research report on Monday, January 30th.

The average volume stands at 25186.65 for Freeport-McMoRan Inc. Freeport-McMoRan Inc has a 12 month low of $9.24 and a 12 month high of $17.06. Vetr raised Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $16.04 price objective for the company in a research note on Wednesday, January 18th. N/A analysts have a Hold rating on the stock, and N/A are offering a Sell recommendation. The company now has an average rating of "Hold" and a consensus price target of $13.72. On average, analysts anticipate that Freeport-McMoRan Inc will post $1.05 earnings per share for the current year.

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Mathes Company Inc. cut its position in Freeport-McMoRan Inc (NYSE:FCX) by 14.5% during the first quarter, Holdings Channel reports. (FCX) in which Deutsche Bank Upgrades Freeport-McMoRan Inc. 33,549,161 shares of the company were exchanged. The firm's market cap is $18.43 billion. (NYSE:HPQ) was trading at volume less than average, prior 52-week high was $18.74 and surged 52.22% over the same period, trading at a volume of 9.19 million.

Freeport-McMoRan Inc. (FCX) failed to surprise the stock market in its last reported earnings when it earned $0.15 a piece versus the consensus-estimated $0.16. The natural resource company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by $0.08. According to these analysts, the Low Revenue Estimate for Freeport-McMoRan 3.16 Billion and the High Revenue Estimate is 4.01 Billion.

At present the return on equity (ROE) stands at -89.90% and the debt to equity is at 2.65. Sales growth past 5 years was measured at -4.30%. The shares were sold at an average price of $15.24, for a total transaction of $1,181,100.00. Following the sale, the vice president now directly owns 60,989 shares in the company, valued at $928,252.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Harry M. Iv Conger sold 77,500 shares of the business's stock in a transaction that occurred on Thursday, February 16th.

Earnings per share is the portion of a company's profit allocated to each outstanding share of common stock. The disclosure for this sale can be found here. Nikko Asset Management Americas Inc. now owns 1,904,147 shares of the natural resource company's stock worth $25,439,000 after buying an additional 141,600 shares during the last quarter.

Several other brokerages have also recently issued reports on FCX. Strid Group LLC bought a new position in Freeport-McMoRan during the third quarter valued at $112,000. Beta value of the company was 1.52. Advantage Investment Management LLC bought a new stake in Freeport-McMoRan during the fourth quarter worth about $117,000. David R. Rahn & Associates Inc. increased its stake in shares of Freeport-McMoRan by 57.0% in the first quarter. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

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