Lingohr & Partner Asset Management GmbH held its stake in Freeport-McMoran, Inc. (NYSE:FCX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,800 shares of the natural resource company’s stock at the end of the second quarter. Lingohr & Partner Asset Management GmbH’s holdings in Freeport-McMoran were worth $411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hosking Partners LLP grew its position in Freeport-McMoran by 68.7% during the second quarter. Hosking Partners LLP now owns 809,467 shares of the natural resource company’s stock valued at $9,722,000 after acquiring an additional 329,770 shares during the last quarter. Parkwood LLC grew its position in Freeport-McMoran by 380.3% during the first quarter. Parkwood LLC now owns 80,541 shares of the natural resource company’s stock valued at $1,076,000 after acquiring an additional 63,773 shares during the last quarter. Vanguard Group Inc. grew its position in Freeport-McMoran by 10.7% during the first quarter. Vanguard Group Inc. now owns 132,991,679 shares of the natural resource company’s stock valued at $1,776,769,000 after acquiring an additional 12,897,514 shares during the last quarter. Hodges Capital Management Inc. grew its position in Freeport-McMoran by 56.8% during the first quarter. Hodges Capital Management Inc. now owns 1,248,890 shares of the natural resource company’s stock valued at $16,685,000 after acquiring an additional 452,565 shares during the last quarter. Finally, Global X Management Co. LLC grew its position in Freeport-McMoran by 9.3% during the first quarter. Global X Management Co. LLC now owns 185,238 shares of the natural resource company’s stock valued at $2,475,000 after acquiring an additional 15,808 shares during the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.

A number of research analysts have commented on the stock. CIBC assumed coverage on shares of Freeport-McMoran in a research report on Friday. They set a “sector outperform” rating and a $18.00 price target on the stock. FBR & Co reiterated a “neutral” rating and set a $12.00 price target (down from $13.00) on shares of Freeport-McMoran in a research report on Thursday. Macquarie assumed coverage on shares of Freeport-McMoran in a research report on Thursday, September 7th. They set a “neutral” rating and a $16.00 price target on the stock. Berenberg Bank reiterated a “sell” rating and set a $10.40 price target on shares of Freeport-McMoran in a research report on Tuesday, September 5th. Finally, ValuEngine upgraded shares of Freeport-McMoran from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $15.51.

In other Freeport-McMoran news, COO Harry M. Iv Conger acquired 36,180 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were bought at an average price of $15.23 per share, with a total value of $551,021.40. Following the transaction, the chief operating officer now directly owns 73,943 shares of the company’s stock, valued at approximately $1,126,151.89. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.

Freeport-McMoran, Inc. (NYSE:FCX) traded up 0.14% during mid-day trading on Friday, reaching $13.88. 21,270,549 shares of the company traded hands. Freeport-McMoran, Inc. has a 12-month low of $9.24 and a 12-month high of $17.06. The firm has a market capitalization of $20.09 billion, a P/E ratio of 19.58 and a beta of 2.57. The company’s 50 day moving average price is $14.59 and its 200 day moving average price is $12.97.

Freeport-McMoran (NYSE:FCX) last announced its quarterly earnings data on Tuesday, July 25th. The natural resource company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.04). The business had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.67 billion. Freeport-McMoran had a net margin of 5.97% and a return on equity of 10.45%. The business’s revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned ($0.02) EPS. Equities research analysts predict that Freeport-McMoran, Inc. will post $0.94 EPS for the current year.

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About Freeport-McMoran

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.

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

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