Freeport-McMoRan Inc (NYSE:FCX) gets upgraded to Hold by Deutsche Bank

ME Staff
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Analyst Ratings For Freeport-McMoRan Inc (NYSE:FCX)

Today, Freeport-McMoRan Inc (NYSE:FCX) stock received an upgrade by Deutsche Bank from Sell to Hold.

There are 10 Hold Ratings, 8 Buy Ratings, 2 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Freeport-McMoRan Inc (NYSE:FCX) is Hold with a consensus target price of $18.0833 per share, a potential 13.16% upside.

Some recent analyst ratings include

  • 7/26/2018-Deutsche Bank Upgrade from a “Sell ” rating to a ” Hold” rating.
  • 7/2/2018-Berenberg Bank Reiterated Rating of Sell.
  • 5/23/2018-Alembic Global Advisors Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 5/23/2018-B. Riley Upgrade from a “Neutral ” rating to a ” Buy” rating.
  • 5/1/2018-CIBC Upgrade from a “Neutral ” rating to a ” Sector Outperform” rating.

Recent Insider Trading Activity For Freeport-McMoRan Inc (NYSE:FCX)
Freeport-McMoRan Inc (NYSE:FCX) has insider ownership of 1.05% and institutional ownership of 72.58%.

  • On 1/31/2018 C Donald Whitmire Jr, VP, sold 21,500 with an average share price of $19.49 per share and the total transaction amounting to $419,035.00.
  • On 9/7/2017 Harry M Iv Conger, COO, bought 36,180 with an average share price of $15.23 per share and the total transaction amounting to $551,021.40.
  • On 8/21/2017 C Donald Whitmire Jr, VP, sold 1,050 with an average share price of $14.70 per share and the total transaction amounting to $15,435.00.
  • On 2/16/2017 C Donald Whitmire Jr, VP, sold 2,525 with an average share price of $15.22 per share and the total transaction amounting to $38,430.50.
  • On 2/16/2017 Harry M Iv Conger, COO, sold 77,500 with an average share price of $15.24 per share and the total transaction amounting to $1,181,100.00.
  • On 2/9/2017 C Donald Whitmire Jr, VP, sold 57,620 with an average share price of $15.42 per share and the total transaction amounting to $888,500.40.
  • On 2/1/2017 Jon C/ Madonna, Director, sold 14,000 with an average share price of $16.61 per share and the total transaction amounting to $232,540.00.

About Freeport-McMoRan Inc (NYSE:FCX)
Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. Its assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America. It also operates a portfolio of oil and gas assets comprising oil and natural gas production onshore in South Louisiana; and on the Gulf of Mexico shelf and oil production offshore California. As of December 31, 2017, the company's estimated consolidated recoverable proven and probable mineral reserves totaled 86.7 billion pounds of copper, 23.5 million ounces of gold, and 2.84 billion pounds of molybdenum, as well as estimated proved developed oil and natural gas reserves totaled 10.1 million barrels of oil equivalents. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc. in July 2014. Freeport-McMoRan Inc. was founded in 1987 and is headquartered in Phoenix, Arizona.

Recent Trading Activity for Freeport-McMoRan Inc (NYSE:FCX)
Shares of Freeport-McMoRan Inc closed the previous trading session at 15.94 up +0.080 0.50% with 15.8 shares trading hands.