Shares of Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) saw an uptick in trading volume on Tuesday . 49,819,826 shares were traded during trading, an increase of 41% from the previous session’s volume of 35,265,679 shares.The stock last traded at $12.54 and had previously closed at $12.38.

Several brokerages have recently weighed in on FCX. Deutsche Bank AG upped their price target on Freeport-McMoran Copper & Gold from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Monday, May 2nd. Vetr upgraded Freeport-McMoran Copper & Gold from a “hold” rating to a “buy” rating and set a $9.77 price target on the stock in a research report on Wednesday, April 6th. Barclays PLC reiterated a “hold” rating on shares of Freeport-McMoran Copper & Gold in a research report on Tuesday, May 3rd. FBR & Co decreased their price target on Freeport-McMoran Copper & Gold from $11.00 to $9.00 and set a “mkt perform” rating on the stock in a research report on Wednesday, July 20th. Finally, Jefferies Group reiterated a “buy” rating and set a $15.00 price target on shares of Freeport-McMoran Copper & Gold in a research report on Thursday, July 14th. 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 issued a strong buy rating to the company’s stock. Freeport-McMoran Copper & Gold currently has a consensus rating of “Hold” and an average target price of $12.60.

The stock has a 50-day moving average price of $11.54 and a 200-day moving average price of $9.59. The stock’s market capitalization is $15.88 billion.

Freeport-McMoran Copper & Gold (NYSE:FCX) last posted its quarterly earnings results on Tuesday, July 26th. The natural resource company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by $0.01. The company earned $3.33 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the previous year, the company posted $0.14 earnings per share. The business’s revenue was down 15.3% on a year-over-year basis. Analysts forecast that Freeport-McMoran Copper & Gold Inc. will post $0.56 EPS for the current year.

Other large investors recently bought and sold shares of the company. Comerica Bank boosted its stake in Freeport-McMoran Copper & Gold by 7.2% in the fourth quarter. Comerica Bank now owns 342,339 shares of the natural resource company’s stock valued at $1,852,000 after buying an additional 23,102 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in Freeport-McMoran Copper & Gold by 571.6% in the fourth quarter. Thornburg Investment Management Inc. now owns 11,092,464 shares of the natural resource company’s stock valued at $75,096,000 after buying an additional 9,440,903 shares in the last quarter. Bank of Montreal Can boosted its stake in Freeport-McMoran Copper & Gold by 1,549.1% in the fourth quarter. Bank of Montreal Can now owns 5,531,205 shares of the natural resource company’s stock valued at $37,446,000 after buying an additional 5,195,795 shares in the last quarter. ProShare Advisors LLC boosted its stake in Freeport-McMoran Copper & Gold by 16.1% in the fourth quarter. ProShare Advisors LLC now owns 271,825 shares of the natural resource company’s stock valued at $1,840,000 after buying an additional 37,619 shares in the last quarter. Finally, Poplar Forest Capital LLC boosted its stake in Freeport-McMoran Copper & Gold by 61.2% in the fourth quarter. Poplar Forest Capital LLC now owns 3,485,476 shares of the natural resource company’s stock valued at $23,597,000 after buying an additional 1,322,878 shares in the last quarter.

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.

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