Freeport-McMoRan Inc. (NYSE:FCX) Undervalued by 1.2%

Mae Love
October 9, 2017

The company has market cap of $19.13 billion. The Firm operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer.

Giga-tronics Incorporated (NASDAQ:GIGA) now has a PEG ratio of 0.00 where as its P/E ratio is 0.00%. About 51,030 shares traded. The stock decreased 0.07% or $0.01 on October 9, reaching $14.32. FCX has lost -5.79% in the 1-month period. Rhumbline Advisers reported 0.06% stake.

Since May 12, 2017, it had 1 buying transaction, and 0 selling transactions for $992,218 activity. The insider Davis Wade bought 28,710 shares worth $992,218.

Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Its up 0.08, from 0.98 in 2017Q1. It is positive, as 77 investors sold Viacom, Inc. shares while 156 reduced holdings. 66 funds opened positions while 206 raised stakes. 314.42 million shares or 3.70% more from 303.20 million shares in 2017Q1 were reported. Independent Consultants Inc has invested 0.01% in Viacom, Inc. New York-based Ingalls And Snyder Ltd Liability Com has invested 0.31% in Freeport-McMoRan Inc (NYSE:FCX). Return on Assets is -2.85%.

ATR value of the company was 0.50 and Relative Strength Index (RSI) was 50.58. Carroll Fincl, North Carolina-based fund reported 3,613 shares. Geode Mngmt Ltd Liability Co invested 0.06% in Freeport-McMoRan Inc (NYSE:FCX). However, the institutional investors are observed to own 69.00% of the total shares. Wellington Shields Management Ltd Liability holds 0.18% or 33,335 shares. Caisse De Depot Et Placement Du Quebec holds 0% or 14,600 shares. Twin Tree Management Lp stated it has 745,386 shares.

Stuyvesant Capital Management holds 7.25% of its portfolio in Freeport-McMoRan Inc for 305,930 shares. $1.49M worth of Mohawk Industries, Inc.

Analysts have given a mean recommendation of - on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). (NASDAQ:VIA) on Friday, August 7 to "Underweight" rating. The stock has "Sell" rating by Citigroup on Tuesday, February 23. (NASDAQ:VIA) on Thursday, October 13 to "Buy" rating.

The stock is now showing YTD performance of 8.64 Percent.

Viacom Inc. offers global media brands that create television programs, motion pictures, short-form content, applications, games, consumer products, social media experiences and other entertainment content. The company has market cap of $10.86 billion.

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Analytical Significance of Simple Moving Average for Freeport-McMoRan Inc.

Whereas they predicted High and Low Earnings Estimate as $0.36 and $0.19 respectively. After having $0.28 EPS previously, Travelport Worldwide Ltd's analysts see -64.29% EPS growth. Wall Street analysts, on average, are forecasting the company's EPS to be 0.26, compared to 0.13 reported in the same quarter previous year.

Analyst Thoughts About Freeport-McMoRan Inc. Kessler Investment Group Llc owns 389,414 shares or 5.9% of their U.S. portfolio.

In the past 5 years, the stock showed growth of -29.54% per annum.

Impala Asset Management Llc increased Freeport (FCX) stake by 384.75% reported in 2017Q2 SEC filing.

Ratings analysis reveals 26% of Freeport-McMoran Copper & Gold's analysts are positive.

Freeport-McMoRan Inc. on 6/29/2017 reported its EPS as $0.13 with the analysts projecting the EPS of the stock as $0.18. The lowest target is $12.5 while the high is $20.0. Focused Wealth Management Inc acquired 9,381 shares as Teva Pharmaceutical Inds Ltd (TEVA)'s stock declined 15.11%. FCX was included in 82 notes of analysts from July 28, 2015. The rating was maintained by BMO Capital Markets with "Hold" on Tuesday, June 27. On Thursday, September 14 the stock rating was maintained by FBR Capital with "Neutral".

For the Current Quarter, the growth estimate for Freeport-McMoRan 100%, while for the Next Quarter the stock growth estimate is 44%. Cowen & Co maintained the stock with "Outperform" rating in Monday, November 21 report. The firm has "Buy" rating by Deutsche Bank given on Friday, July 31. As per Wednesday, July 12, the company rating was downgraded by Berenberg. Bank of America maintained the shares of FCX in report on Wednesday, October 4 with "Underperform" rating. That's a potential 4.19 gain from where (NYSE:FCX) has been trading recently. Freeport-McMoRan Inc (FCX) has risen 6.83% since October 9, 2016 and is uptrending.

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