GSA Capital Partners LLP bought a new position in Freeport-McMoRan Inc (NYSE:FCX) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 21,574 shares of the natural resource company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Shell Asset Management Co. lifted its holdings in Freeport-McMoRan by 97.9% in the 3rd quarter. Shell Asset Management Co. now owns 160,362 shares of the natural resource company’s stock worth $5,236,000 after purchasing an additional 79,343 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Freeport-McMoRan by 10.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,761,342 shares of the natural resource company’s stock worth $38,769,000 after purchasing an additional 270,171 shares during the last quarter. Caxton Associates LP acquired a new stake in Freeport-McMoRan in the 2nd quarter worth approximately $7,206,000. Commerzbank Aktiengesellschaft FI lifted its holdings in Freeport-McMoRan by 114.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,667,157 shares of the natural resource company’s stock worth $23,407,000 after purchasing an additional 889,048 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Freeport-McMoRan by 11.5% in the 2nd quarter. Stifel Financial Corp now owns 572,499 shares of the natural resource company’s stock worth $6,845,000 after purchasing an additional 59,154 shares during the last quarter. Hedge funds and other institutional investors own 68.07% of the company’s stock.

Freeport-McMoRan Inc (FCX) opened at $18.92 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.02 and a quick ratio of 1.32. The company has a market capitalization of $27,380.00, a price-to-earnings ratio of 26.28 and a beta of 2.51. Freeport-McMoRan Inc has a 12 month low of $11.05 and a 12 month high of $19.99.

Freeport-McMoRan (NYSE:FCX) last issued its earnings results on Wednesday, October 25th. The natural resource company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.06 billion. Freeport-McMoRan had a return on equity of 13.35% and a net margin of 6.20%. Freeport-McMoRan’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. research analysts predict that Freeport-McMoRan Inc will post 1.09 EPS for the current fiscal year.

Several equities research analysts recently weighed in on FCX shares. Jefferies Group restated a “buy” rating and issued a $19.00 target price (down from $23.00) on shares of Freeport-McMoRan in a report on Wednesday, October 4th. Zacks Investment Research upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Tuesday, November 14th. FBR & Co reiterated a “hold” rating and set a $12.00 price target on shares of Freeport-McMoRan in a report on Thursday, October 26th. Deutsche Bank lowered Freeport-McMoRan from a “hold” rating to a “sell” rating and set a $13.00 price target for the company. in a report on Tuesday, October 17th. Finally, ValuEngine upgraded Freeport-McMoRan from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Freeport-McMoRan currently has an average rating of “Hold” and a consensus target price of $15.80.

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

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