Freeport-McMoRan Inc (FCX) Shares Sold by Hartford Investment Management Co

Freeport-McMoRan Inc (FCX) Shares Sold by Hartford Investment Management Co

Freeport-McMoRan Inc (FCX) Shares Sold by Hartford Investment Management Co

Gabelli Funds Limited Liability Corp has 0.1% invested in Freeport-McMoRan Inc (NYSE:FCX) for 1.29M shares. California Public Employees Retirement System now owns 5,355,593 shares of the natural resource company's stock valued at $58,162,000 after buying an additional 649,400 shares during the period.

01/30/2017 - Freeport-McMoran Copper & Gold, Inc. had its "equal-weight" rating reiterated by analysts at Barclays. Cowen and Company reissued a "buy" rating on shares of Freeport-McMoRan in a research note on Tuesday, April 11th. Finally, FBR & Co reiterated a "hold" rating on shares of Freeport-McMoRan in a research report on Tuesday, February 21st.

TORONTO, April 25 Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, reported first-quarter results on Tuesday that reflected a months-long Indonesian export ban at its massive Grasberg mine, which clipped sales. The stock's quarterly performance represents pessimistic momentum of -21.15 percent.

02/21/2017 - Citigroup began new coverage on Freeport-McMoran Copper & Gold, Inc. giving the company a "neutral" rating. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

A current consensus EPS projection for next fiscal year is observed at $5.05 and one month ago consensus EPS forecast was at $3.44. So many stocks are at ridiculous valuations that investors will search for the ones which have not reached insane levels.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, FCX earned gross profit of 5.24 Billion, in 2015 321 Million gross profit, while in 2016 Freeport-McMoRan Inc.

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Estimates: Analysts expected profit of 16 cents a share and revenue of $3.47 billion. Freeport-McMoRan had a positive return on equity of 3.52% and a negative net margin of 28.09%. The business's revenue was down 5.3% compared to the same quarter a year ago.

FCX said that consolidated sales totaled 809 million pounds of copper in the first quarter, 182 thousand ounces of gold, and 24 million pounds of molybdenum. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of Freeport-McMoRan by 6.4% in the third quarter.

TRADEMARK VIOLATION WARNING: This story was posted by BBNS and is owned by of BBNS. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and worldwide copyright & trademark laws. The legal version of this story can be read at https://baseballnewssource.com/markets/freeport-mcmoran-inc-fcx-shares-sold-by-hartford-investment-management-co/659050.html. There may be various price targets for a stock. The shares were sold at an average price of $15.24, for a total value of $1,181,100.00. Following the completion of the transaction, the chief operating officer now owns 37,763 shares in the company, valued at approximately $575,508.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Shares for $1.18 million were sold by Conger Harry M. IV. The disclosure for this sale can be found here.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.56 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

A number of other large investors have also modified their holdings of the company. Checchi Capital Advisers LLC now owns 10,897 shares of the natural resource company's stock worth $118,000 after buying an additional 2,525 shares during the last quarter.

Freeport-McMoran mine in West Papua.

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