Freeport-McMoRan Inc. (NYSE:FCX) Shares Bought by S.A. Mason LLC

S.A. Mason LLC lifted its position in Freeport-McMoRan Inc. (NYSE:FCX) by 35.1% in the 4th quarter, HoldingsChannel reports. The firm owned 5,963 shares of the natural resource company’s stock after purchasing an additional 1,550 shares during the quarter. S.A. Mason LLC’s holdings in Freeport-McMoRan were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FCX. Matrix Trust Co purchased a new stake in shares of Freeport-McMoRan in the 3rd quarter valued at $25,000. Laurel Wealth Advisors LLC boosted its holdings in Freeport-McMoRan by 487.8% in the fourth quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock valued at $28,000 after purchasing an additional 600 shares during the last quarter. Godsey & Gibb Inc. grew its position in Freeport-McMoRan by 150.4% during the 3rd quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company’s stock worth $29,000 after purchasing an additional 346 shares during the period. Continuum Advisory LLC raised its stake in shares of Freeport-McMoRan by 46.8% during the 3rd quarter. Continuum Advisory LLC now owns 740 shares of the natural resource company’s stock valued at $37,000 after buying an additional 236 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Freeport-McMoRan by 194.4% in the 4th quarter. Versant Capital Management Inc now owns 1,042 shares of the natural resource company’s stock valued at $40,000 after buying an additional 688 shares during the period. Institutional investors and hedge funds own 80.77% of the company’s stock.

Freeport-McMoRan Stock Down 2.3 %

NYSE FCX opened at $35.81 on Monday. The business’s fifty day simple moving average is $40.06 and its 200-day simple moving average is $43.35. The company has a quick ratio of 1.18, a current ratio of 2.42 and a debt-to-equity ratio of 0.31. The firm has a market cap of $51.46 billion, a PE ratio of 27.76, a P/E/G ratio of 0.85 and a beta of 1.85. Freeport-McMoRan Inc. has a 52 week low of $35.46 and a 52 week high of $55.24.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. As a group, equities analysts anticipate that Freeport-McMoRan Inc. will post 1.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Argus lowered Freeport-McMoRan from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group cut shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $48.00 to $40.00 in a research note on Friday, January 24th. Sanford C. Bernstein cut shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $51.00 to $46.00 in a research note on Tuesday, January 7th. Raymond James raised their price target on shares of Freeport-McMoRan from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.46.

About Freeport-McMoRan

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.