Brown Advisory Inc. bought a new position in Freeport-McMoRan Inc (NYSE:FCX) in the fourth quarter, reports. The institutional investor bought 38,351 shares of the natural resource company’s stock, valued at approximately $727,000.

Other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Freeport-McMoRan in the 3rd quarter worth $140,000. Belpointe Asset Management LLC bought a new stake in shares of Freeport-McMoRan in the third quarter worth $150,000. Fox Run Management L.L.C. bought a new stake in shares of Freeport-McMoRan in the third quarter worth $163,000. Americafirst Capital Management LLC bought a new stake in shares of Freeport-McMoRan in the third quarter worth $170,000. Finally, Thompson Davis & CO. Inc. grew its holdings in shares of Freeport-McMoRan by 756.8% in the fourth quarter. Thompson Davis & CO. Inc. now owns 9,348 shares of the natural resource company’s stock worth $177,000 after acquiring an additional 8,257 shares during the period. 68.40% of the stock is owned by institutional investors and hedge funds.

In other Freeport-McMoRan news, VP C Donald Whitmire, Jr. sold 21,500 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $19.49, for a total transaction of $419,035.00. Following the completion of the sale, the vice president now owns 70,239 shares of the company’s stock, valued at $1,368,958.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.29% of the company’s stock.

Several analysts recently commented on FCX shares. Clarkson Capital raised Freeport-McMoRan from a “neutral” rating to a “buy” rating in a report on Wednesday, January 17th. Zacks Investment Research raised Freeport-McMoRan from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, November 14th. B. Riley lifted their price objective on Freeport-McMoRan from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Morgan Stanley raised Freeport-McMoRan from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $10.00 to $14.00 in a report on Monday, December 11th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Freeport-McMoRan in a report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Freeport-McMoRan has a consensus rating of “Hold” and a consensus price target of $16.25.

Shares of Freeport-McMoRan Inc (FCX) opened at $18.32 on Monday. Freeport-McMoRan Inc has a fifty-two week low of $11.05 and a fifty-two week high of $20.25. The company has a current ratio of 2.14, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $26,560.00, a PE ratio of 19.70 and a beta of 2.41.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings results on Thursday, January 25th. The natural resource company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Freeport-McMoRan had a return on equity of 16.57% and a net margin of 11.08%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. Freeport-McMoRan’s revenue for the quarter was up 15.2% on a year-over-year basis. equities research analysts expect that Freeport-McMoRan Inc will post 2.31 EPS for the current fiscal year.

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Freeport-McMoRan Company Profile

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.

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

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