Freeport-McMoRan Inc (NYSE:FCX) – Equities research analysts at FBR & Co. lifted their Q4 2016 EPS estimates for shares of Freeport-McMoRan in a research note issued on Thursday, according to Zacks Investment Research. FBR & Co. analyst L. Pipes now expects that the brokerage will earn $0.08 per share for the quarter, up from their previous estimate of $0.06. FBR & Co. currently has a “Hold” rating and a $8.00 target price on the stock. FBR & Co. also issued estimates for Freeport-McMoRan’s FY2017 earnings at $0.65 EPS and FY2018 earnings at $0.64 EPS.

Freeport-McMoRan (NYSE:FCX) last released its quarterly earnings data on Tuesday, January 26th. The natural resource company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.15. During the same quarter in the prior year, the company earned $0.25 EPS. The company earned $3.80 billion during the quarter, compared to analyst estimates of $3.89 billion. The business’s revenue was down 27.5% on a year-over-year basis.

FCX has been the topic of a number of other research reports. Vetr lowered shares of Freeport-McMoRan from a “strong-buy” rating to a “buy” rating and set a $4.90 price target on the stock. in a report on Wednesday. Nomura cut their target price on shares of Freeport-McMoRan from $12.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday. Macquarie downgraded shares of Freeport-McMoRan from an “outperform” rating to a “neutral” rating and cut their target price for the company from $18.00 to $7.30 in a research note on Friday, January 8th. Jefferies Group downgraded shares of Freeport-McMoRan from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a research note on Tuesday, January 12th. Finally, HSBC cut their target price on shares of Freeport-McMoRan from $17.50 to $13.50 in a research note on Tuesday, January 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Freeport-McMoRan currently has a consensus rating of “Hold” and a consensus price target of $13.77.

Freeport-McMoRan (NYSE:FCX) traded up 4.07% during trading on Friday, reaching $4.60. 42,051,023 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $5.55 and a 200 day moving average price of $9.55. Freeport-McMoRan has a 1-year low of $3.52 and a 1-year high of $23.97. The stock’s market capitalization is $5.75 billion.

Freeport-McMoRan Inc. (NYSE:FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations. The Company’s portfolio of assets includes the Grasberg minerals district in Indonesia, mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa, and oil and natural gas assets in North America. The Company is also engaged in operating copper conversion facilities located in North America, and a refinery, three rod mills and a specialty copper products facility. The Company’s Atlantic Copper smelts and refines copper concentrates and markets refined copper and precious metals in slimes.

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