Freeport-McMoran Copper & Gold Inc. (NYSE:FCX)’s share price was down 3.1% on Friday . The company traded as low as $11.74 and last traded at $11.74, with a volume of 17,337,282 shares. The stock had previously closed at $12.11.

A number of equities analysts recently weighed in on FCX shares. Royal Bank Of Canada lowered their target price on shares of Freeport-McMoran Copper & Gold from $12.00 to $6.50 and set a “sector perform” rating for the company in a research note on Monday, April 25th. HSBC reissued a “buy” rating on shares of Freeport-McMoran Copper & Gold in a research note on Thursday, July 7th. Jefferies Group reissued a “buy” rating and set a $15.00 target price on shares of Freeport-McMoran Copper & Gold in a research note on Thursday, July 14th. Vetr raised shares of Freeport-McMoran Copper & Gold from a “buy” rating to a “strong-buy” rating and set a $14.36 target price for the company in a research note on Tuesday, August 2nd. Finally, Berenberg Bank reissued a “hold” rating and set a $11.00 target price on shares of Freeport-McMoran Copper & Gold in a research note on Thursday, July 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.89.

The company’s market cap is $15.70 billion. The company has a 50 day moving average of $12.03 and a 200 day moving average of $10.24.

Freeport-McMoran Copper & Gold (NYSE:FCX) last issued its quarterly earnings data on Tuesday, July 26th. The natural resource company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period in the previous year, the business earned $0.14 EPS. The company’s quarterly revenue was down 15.3% on a year-over-year basis. On average, equities research analysts forecast that Freeport-McMoran Copper & Gold Inc. will post $0.48 EPS for the current year.

Other hedge funds and institutional investors have modified their holdings of the company. Mutual of America Capital Management LLC raised its position in shares of 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 raised its position in shares of 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 raised its position in shares of 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. Comerica Bank raised its position in shares of 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. Finally, Employees Retirement System of Texas raised its position in shares of Freeport-McMoran Copper & Gold by 1,055.6% in the fourth quarter. Employees Retirement System of Texas now owns 797,397 shares of the natural resource company’s stock valued at $5,398,000 after buying an additional 728,397 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.

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