Freeport-McMoRan Inc. (NYSE:FCX) Shares Bought by Trilogy Capital Inc.

Trilogy Capital Inc. lifted its position in shares of Freeport-McMoRan Inc. (NYSE:FCX) by 1.3% during the fourth quarter, HoldingsChannel reports. The fund owned 195,270 shares of the natural resource company’s stock after acquiring an additional 2,504 shares during the quarter. Trilogy Capital Inc.’s holdings in Freeport-McMoRan were worth $7,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in Freeport-McMoRan during the third quarter worth about $25,000. Laurel Wealth Advisors LLC raised its stake in Freeport-McMoRan by 487.8% in the 4th quarter. Laurel Wealth Advisors LLC now owns 723 shares of the natural resource company’s stock valued at $28,000 after purchasing an additional 600 shares during the last quarter. Godsey & Gibb Inc. boosted its position in Freeport-McMoRan by 150.4% during the third quarter. Godsey & Gibb Inc. now owns 576 shares of the natural resource company’s stock worth $29,000 after acquiring an additional 346 shares during the last quarter. Financial Life Planners purchased a new stake in shares of Freeport-McMoRan in the fourth quarter valued at $36,000. Finally, Continuum Advisory LLC lifted its holdings in shares of Freeport-McMoRan by 46.8% during the 3rd quarter. Continuum Advisory LLC now owns 740 shares of the natural resource company’s stock worth $37,000 after acquiring an additional 236 shares during the period. 80.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FCX has been the subject of a number of research reports. Jefferies Financial Group downgraded Freeport-McMoRan from a “buy” rating to a “hold” rating and lowered their price target for the company from $48.00 to $40.00 in a research report on Friday, January 24th. Sanford C. Bernstein lowered shares of Freeport-McMoRan from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $51.00 to $46.00 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. decreased their price objective on shares of Freeport-McMoRan from $55.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Raymond James boosted their price objective on Freeport-McMoRan from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Scotiabank cut their target price on Freeport-McMoRan from $48.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Friday, January 24th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.46.

Freeport-McMoRan Trading Up 0.6 %

Freeport-McMoRan stock opened at $36.69 on Thursday. Freeport-McMoRan Inc. has a 12-month low of $34.89 and a 12-month high of $55.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18. The stock has a market capitalization of $52.71 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 0.85 and a beta of 1.85. The firm has a 50 day simple moving average of $39.61 and a 200-day simple moving average of $43.17.

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Freeport-McMoRan had a net margin of 7.42% and a return on equity of 7.50%. As a group, equities research analysts expect that Freeport-McMoRan Inc. will post 1.75 EPS for the current fiscal year.

About Freeport-McMoRan

Freeport-McMoRan Inc engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals. The company's assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Chino and Tyrone in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde in Peru and El Abra in Chile.