Freeport-McMoran, Inc. (FCX) Upgraded by Zacks Investment Research to "Buy"

The stock stands almost $2.76 off versus the 52-week high of $17.06 and $5.06 above the 52-week low of $9.24. The Overbrook Management Corp holds 457,608 shares with $27.74M value, up from 452,535 last quarter. Freeport now has $20.86B valuation. The stock increased 0.67% or $1.15 during the last trading session, reaching $172.74. About 7.97M shares traded. Vanda Pharmaceuticals Inc. (VNDA) has risen 51.60% since October 10, 2016 and is uptrending. As of the latest earnings report the EPS was $0.71 and is expected to be $0.98 for the current year with 1,447,307,000 shares now outstanding. Over the past five trading sessions it is -0.06%; -4.27% for the month; 45.83% for the last quarter; 98.24% for the past six-months; and 93.31% for the last 12 months. After having $0.17 EPS previously, Freeport-McMoRan Inc's analysts see 35.29% EPS growth. Freeport-McMoRan Inc (NYSE:FCX) has risen 6.83% since October 10, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Bedell Frazier Investment Counseling Ltd Liability Com stated it has 2.01% in Freeport-McMoRan Inc (NYSE:FCX). The company's market cap is $20.88 Billion. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The price/earnings to growth ratio (PEG ratio) is a stock's price-to-earnings (P/E) ratio divided by the growth rate of its earnings for a specified time period. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other.

Investors sentiment decreased to 1 in Q2 2017. For the most recent quarter, quick ratio was 1.4, current ratio was 2.1, LT Debt/Equity ratio was 1.97 and Total Debt/Equity ratio stands at 2.3, while Payout ratio is 0. Indexiq Advisors Llc sold 73,709 shares as Freeport (FCX)'s stock declined 21.33%.

These funds have shifted positions in (FCX). This nets out to an increase of 9.84 million shares and is a bullish sign for FCX.

Freeport-McMoRan Inc. (FCX)'s RSI (Relative strength index) is at 52.11, its ATR (Average True Range) value is 0.45, while its Beta factor was calculated at 2.57. The stock declined 0.61% or $0.24 reaching $38.26 per share. 213,817 were reported by Da Davidson. Birchview Capital Lp, a Vermont-based fund reported 68,000 shares. About 13.05 million shares traded. BMO Capital Markets maintained Freeport-McMoRan Inc (NYSE:FCX) on Tuesday, June 27 with "Hold" rating. Gabelli Investment Advisers Incorporated holds 115,400 shares. Commonwealth Bank Of reported 189,400 shares. Louisiana State Employees Retirement System accumulated 0.05% or 82,600 shares. Grandfield & Dodd Ltd Liability Corp holds 0.02% in Freeport-McMoRan Inc (NYSE:FCX) or 13,618 shares. Meridian Counsel Incorporated holds 30,298 shares or 0.22% of its portfolio.

Brokerage houses, on average, are recommending investors to hold Freeport-McMoRan Inc. Therefore 26% are positive. Freeport-McMoran Copper & Gold has recorded a 50-day average of $14.51 and a two hundred day average of $13.16. (NYSE:FCX) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The Germany-based Dekabank Deutsche Girozentrale has invested 0.01% in Freeport-McMoRan Inc (NYSE:FCX). The rating was maintained by RBC Capital Markets with "Sector Perform" on Monday, January 25. The company was initiated on Friday, September 11 by Gabelli. The company was downgraded on Tuesday, February 21 by Deutsche Bank. As per Monday, October 17, the company rating was reinitiated by Bank of America. The rating was maintained by Macquarie Research on Wednesday, September 14 with "Neutral".

Among 3 analysts covering Investar (NASDAQ:ISTR), 2 have Buy rating, 0 Sell and 1 Hold. Eaton Corporation had 65 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Thursday, April 28 by Stifel Nicolaus. The rating was maintained by Cowen & Co with "Buy" on Wednesday, April 12. That puts the market capitalization at $22.3 bln. FBR Capital maintained it with "Outperform" rating and $125 target in Thursday, November 5 report. As per Monday, October 19, the company rating was initiated by Credit Agricole. The company was upgraded on Tuesday, May 17 by Jefferies. The stock has "Outperform" rating by Cowen & Co on Thursday, April 28. The firm has "Buy" rating given on Friday, August 14 by S&P Research. Empyrean Prtn Lp owns 1.1% invested in T-Mobile US Inc (NASDAQ:TMUS) for 425,465 shares. Citigroup Inc (NYSE:C) was reduced too.

Investors sentiment decreased to 1 in 2017 Q2. Its up 0.05, from 1.35 in 2017Q1. The number of shares now owned by investors are 222.28 mln. 74 funds opened positions while 274 raised stakes. Strs Ohio holds 2.24M shares or 1.51% of its portfolio. Prelude Capital Mgmt Ltd Liability invested in 0% or 2,856 shares. Capital Advsrs Ok has 2,094 shares. Perritt Mngmt stated it has 23,800 shares. Mckinley Cap Management Llc Delaware has invested 1.54% in T-Mobile US Inc (NASDAQ:TMUS). Commerzbank Aktiengesellschaft Fi stated it has 0.85% in AT&T Inc. Cls Invs Ltd Liability Com holds 0.03% or 5,843 shares in its portfolio. Convergence Invest Partners Limited Liability Corp holds 0.21% or 117,115 shares.

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