Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) – Equities researchers at Credit Agricole SA reduced their FY2017 EPS estimates for Freeport-McMoran Copper & Gold in a research note issued on Tuesday. Credit Agricole SA analyst D. Lipschitz now anticipates that the brokerage will earn $1.00 per share for the year, down from their previous forecast of $1.09. Credit Agricole SA currently has a “Sell” rating on the stock.
A number of other research analysts have also commented on FCX. Barclays PLC started coverage on shares of Freeport-McMoran Copper & Gold in a research report on Wednesday, March 30th. They set an “equal weight” rating and a $9.00 price objective for the company. Jefferies Group upped their price objective on shares of Freeport-McMoran Copper & Gold to $10.00 in a research report on Wednesday, March 30th. Vetr raised shares of Freeport-McMoran Copper & Gold from a “hold” rating to a “buy” rating and set a $9.77 price objective for the company in a research report on Wednesday, April 6th. Deutsche Bank AG reaffirmed a “hold” rating and set a $10.00 price objective (up previously from $9.00) on shares of Freeport-McMoran Copper & Gold in a research report on Friday, April 8th. Finally, Nomura upped their price objective on shares of Freeport-McMoran Copper & Gold from $7.00 to $10.00 in a research report on Friday, April 8th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Freeport-McMoran Copper & Gold presently has a consensus rating of “Hold” and a consensus price target of $12.78.
Shares of Freeport-McMoran Copper & Gold (NYSE:FCX) traded down 0.92% during midday trading on Thursday, reaching $12.94. The company had a trading volume of 24,746,500 shares. Freeport-McMoran Copper & Gold has a 12 month low of $3.52 and a 12 month high of $14.20. The firm’s 50 day moving average price is $11.60 and its 200-day moving average price is $9.61. The company’s market capitalization is $17.21 billion.
Freeport-McMoRan Inc (FCX) is a natural resource company with a portfolio of mineral assets, and oil and natural gas resources. The Company’s segments include the Morenci, Cerro Verde, Grasberg and Tenke Fungurume copper mines, the Rod & Refining operations and the U.S. Oil & Gas Operations. It has organized its operations into five primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining and Molybdenum mines.
