Freeport-McMoran, Inc. (NYSE:FCX) – Equities researchers at B. Riley increased their FY2017 earnings per share estimates for shares of Freeport-McMoran in a research note issued to investors on Monday. B. Riley analyst L. Pipes now forecasts that the natural resource company will post earnings per share of $1.08 for the year, up from their prior estimate of $1.06. B. Riley currently has a “Neutral” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for Freeport-McMoran’s Q4 2017 earnings at $0.44 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.56 EPS and FY2019 earnings at $0.94 EPS.

Several other research firms have also issued reports on FCX. Zacks Investment Research upgraded shares of Freeport-McMoran from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, October 10th. ValuEngine upgraded shares of Freeport-McMoran from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. FBR & Co restated a “hold” rating and set a $12.00 price target on shares of Freeport-McMoran in a research report on Thursday, October 26th. Raymond James Financial started coverage on shares of Freeport-McMoran in a research report on Tuesday, August 15th. They set a “market perform” rating and a $15.00 price target for the company. Finally, Jefferies Group restated a “buy” rating and set a $19.00 price target (down from $23.00) on shares of Freeport-McMoran in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.64.

Shares of Freeport-McMoran (NYSE FCX) opened at $15.71 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.32 and a current ratio of 2.02. Freeport-McMoran has a 1 year low of $11.05 and a 1 year high of $17.06. The stock has a market cap of $22,620.00, a PE ratio of 16.46 and a beta of 2.54.

Freeport-McMoran (NYSE:FCX) last posted its quarterly earnings results on Wednesday, October 25th. The natural resource company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Freeport-McMoran had a net margin of 6.20% and a return on equity of 13.35%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of the company. Visionary Asset Management Inc. purchased a new stake in Freeport-McMoran in the third quarter worth about $215,000. GSA Capital Partners LLP purchased a new stake in Freeport-McMoran in the third quarter worth about $303,000. Americafirst Capital Management LLC purchased a new stake in Freeport-McMoran in the third quarter worth about $170,000. Belpointe Asset Management LLC purchased a new stake in Freeport-McMoran in the third quarter worth about $150,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Freeport-McMoran by 5.5% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 159,535 shares of the natural resource company’s stock worth $2,245,000 after buying an additional 8,321 shares during the period. Institutional investors own 68.12% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Freeport-McMoran, Inc. (FCX) to Post FY2017 Earnings of $1.08 Per Share, B. Riley Forecasts” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/12/13/freeport-mcmoran-inc-fcx-to-post-fy2017-earnings-of-1-08-per-share-b-riley-forecasts.html.

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.

Earnings History and Estimates for Freeport-McMoran (NYSE:FCX)

Receive News & Stock Ratings for Freeport-McMoran Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freeport-McMoran and related stocks with our FREE daily email newsletter.