Freeport-McMoRan Inc (NYSE:FCX)‘s stock had its “hold” rating reissued by investment analysts at FBR & Co. in a note issued to investors on Tuesday, MarketBeat.com reports.

Several other research firms have also issued reports on FCX. Deutsche Bank lowered Freeport-McMoRan from a “buy” rating to a “hold” rating and dropped their price objective for the company from $17.00 to $11.00 in a research note on Monday, October 5th. Vetr lowered Freeport-McMoRan from a “buy” rating to a “hold” rating and set a $4.43 price objective for the company. in a research note on Tuesday, January 19th. Citigroup Inc. reissued a “hold” rating on shares of Freeport-McMoRan in a research note on Tuesday, October 6th. RBC Capital lifted their price target on Freeport-McMoRan from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 27th. Finally, Nomura dropped their price target on Freeport-McMoRan from $12.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.39.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Longer Investments Inc. purchased a new position in Freeport-McMoRan during the fourth quarter worth $921,000. Nordea Investment Management AB increased its position in Freeport-McMoRan by 921.9% in the fourth quarter. Nordea Investment Management AB now owns 321,766 shares of the natural resource company’s stock worth $2,178,000 after buying an additional 290,279 shares during the period. Kessler Investment Group LLC increased its position in Freeport-McMoRan by 38.0% in the fourth quarter. Kessler Investment Group LLC now owns 57,609 shares of the natural resource company’s stock worth $390,000 after buying an additional 15,857 shares during the period. Beech Hill Advisors Inc. increased its position in Freeport-McMoRan by 10.6% in the fourth quarter. Beech Hill Advisors Inc. now owns 40,600 shares of the natural resource company’s stock worth $275,000 after buying an additional 3,900 shares during the period. Finally, Gateway Investment Advisers LLC increased its position in Freeport-McMoRan by 17.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 783,688 shares of the natural resource company’s stock worth $5,306,000 after buying an additional 118,518 shares during the period.

Freeport-McMoRan (NYSE:FCX) traded up 10.71% during midday trading on Tuesday, reaching $4.65. The company had a trading volume of 95,585,065 shares. The stock’s market capitalization is $5.37 billion. Freeport-McMoRan has a one year low of $3.52 and a one year high of $23.97. The company has a 50-day moving average price of $5.78 and a 200-day moving average price of $9.72.

Freeport-McMoRan (NYSE:FCX) last posted its quarterly earnings data on Tuesday, January 26th. The natural resource company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.15. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same period in the prior year, the business posted $0.25 EPS. Freeport-McMoRan’s quarterly revenue was down 27.5% on a year-over-year basis. On average, equities analysts expect that Freeport-McMoRan will post ($0.18) earnings per share for the current year.

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.

12 Month Chart for NYSE:FCX

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