Lingohr & Partner Asset Management GmbH maintained its stake in shares of Freeport-McMoRan Inc (NYSE:FCX) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 30,800 shares of the natural resource company’s stock at the end of the first quarter. Lingohr & Partner Asset Management GmbH’s holdings in Freeport-McMoRan were worth $411,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FCX. Strid Group LLC acquired a new stake in shares of Freeport-McMoRan during the third quarter worth approximately $112,000. Advantage Investment Management LLC acquired a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $117,000. Acrospire Investment Management LLC acquired a new stake in shares of Freeport-McMoRan during the first quarter worth approximately $122,000. Ancora Advisors LLC acquired a new stake in shares of Freeport-McMoRan during the fourth quarter worth approximately $126,000. Finally, Atria Investments LLC acquired a new stake in shares of Freeport-McMoRan during the first quarter worth approximately $134,000. 66.80% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Freeport-McMoRan Inc (NYSE:FCX) traded down 1.790% during trading on Friday, hitting $11.245. 8,335,862 shares of the stock traded hands. The stock has a market cap of $16.27 billion, a price-to-earnings ratio of 60.134 and a beta of 2.49. The stock has a 50 day moving average price of $12.06 and a 200-day moving average price of $13.80. Freeport-McMoRan Inc has a 1-year low of $9.24 and a 1-year high of $17.06.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings data on Tuesday, April 25th. The natural resource company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Freeport-McMoRan had a negative net margin of 28.09% and a positive return on equity of 3.52%. The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm posted ($0.16) EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts forecast that Freeport-McMoRan Inc will post $1.05 EPS for the current year.

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A number of analysts have recently commented on the stock. FBR & Co reissued a “hold” rating and issued a $13.00 price objective on shares of Freeport-McMoRan in a research report on Wednesday, April 5th. Vetr lowered shares of Freeport-McMoRan from a “strong-buy” rating to a “buy” rating and set a $14.50 price target on the stock. in a research report on Tuesday, April 25th. JPMorgan Chase & Co. began coverage on shares of Freeport-McMoRan in a research report on Thursday, February 9th. They set a “neutral” rating and a $14.00 price target on the stock. Cowen and Company reaffirmed a “buy” rating on shares of Freeport-McMoRan in a research report on Tuesday, April 11th. Finally, Berenberg Bank raised shares of Freeport-McMoRan from a “sell” rating to a “hold” rating and set a $12.00 price target on the stock in a research report on Wednesday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.76.

Freeport-McMoRan Company 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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