Traders bought shares of Freeport-McMoran Copper & Gold Inc. (NYSE:FCX) on weakness during trading on Friday. $152.23 million flowed into the stock on the tick-up and $66.45 million flowed out of the stock on the tick-down, for a money net flow of $85.78 million into the stock. Of all equities tracked, Freeport-McMoran Copper & Gold had the highest net in-flow for the day. Freeport-McMoran Copper & Gold traded down ($0.09) for the day and closed at $12.23

Several brokerages have commented on FCX. Barclays PLC dropped their target price on shares of Freeport-McMoran Copper & Gold from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Monday, May 2nd. Deutsche Bank AG upped their target price on shares of 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 shares of Freeport-McMoran Copper & Gold from a “sell” rating to a “buy” rating and set a $14.78 target price for the company in a research report on Monday, May 2nd. Berenberg Bank reiterated a “hold” rating and set a $11.00 target price on shares of Freeport-McMoran Copper & Gold in a research report on Thursday, July 28th. Finally, Jefferies Group reiterated a “buy” rating and set a $15.00 target price on shares of Freeport-McMoran Copper & Gold in a research report on Thursday, July 14th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Freeport-McMoran Copper & Gold presently has an average rating of “Hold” and a consensus price target of $12.79.

The company has a 50 day moving average of $11.95 and a 200 day moving average of $9.95. The firm’s market cap is $15.52 billion.

Freeport-McMoran Copper & Gold (NYSE:FCX) last released its quarterly earnings results on Tuesday, July 26th. The natural resource company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s revenue was down 15.3% on a year-over-year basis. Equities analysts anticipate that Freeport-McMoran Copper & Gold Inc. will post $0.47 earnings per share for the current fiscal year.

Other institutional investors have added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its position in Freeport-McMoran Copper & Gold by 17.7% in the fourth quarter. Mutual of America Capital Management LLC now owns 177,554 shares of the natural resource company’s stock valued at $1,202,000 after buying an additional 26,751 shares during the last quarter. Utah Retirement Systems increased its position in Freeport-McMoran Copper & Gold by 2.0% in the fourth quarter. Utah Retirement Systems now owns 203,726 shares of the natural resource company’s stock valued at $1,379,000 after buying an additional 4,000 shares during the last quarter. Stephens Inc. AR increased its position in Freeport-McMoran Copper & Gold by 56.1% in the fourth quarter. Stephens Inc. AR now owns 231,622 shares of the natural resource company’s stock valued at $1,568,000 after buying an additional 83,197 shares during the last quarter. Gulf International Bank UK Ltd increased its position in Freeport-McMoran Copper & Gold by 4.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 310,994 shares of the natural resource company’s stock valued at $2,105,000 after buying an additional 12,350 shares during the last quarter. Finally, Comerica Bank increased its position 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 during 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.