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Freeport-McMoran, Inc. (FCX) Coverage Initiated by Analysts at CIBC

17 September 2017

Adams Natural Resources Fund holds 358,800 shares. The company has market cap of $133.67 million. The stock increased 1.01% or $1.6 on September 15, reaching $159.88. The stock was purchased at an average cost of $15.23 per share, for a total transaction of $551,021.40. Antero Resources Corp (NYSE:AR) has declined 15.15% since September 15, 2016 and is downtrending. It has underperformed by 17.84% the S&P500.

Premier Asset Managment Llc decreased Tupperware Brands Corp (TUP) stake by 26.31% reported in 2016Q4 SEC filing. The company holds 1.55 billion outstanding shares and 1.44 billion shares are floating in market. The firm owned 4,856,679 shares of the natural resource company's stock after purchasing an additional 273,965 shares during the quarter. Tyrus Capital Sam who had been investing in Freeport for a number of months, seems to be less bullish one the $20.09 billion market cap company. 995.10 million shares or 5.90% more from 939.67 million shares in 2016Q3 were reported. It is down 6.83% since September 15, 2016 and is uptrending. It has underperformed by 9.87% the S&P500.The move comes after 8 months positive chart setup for the $20.26B company. (NYSE:CMI) for 4,000 shares. The rating was maintained by Needham with "Buy" on Wednesday, August 2. SEWELL D BRUCE had sold 67,500 shares worth $10.04M. Warren Glen C Jr also bought $5.25 million worth of Antero Resources Corp (NYSE:AR) shares.

Covering sell-side analysts have recently weighed in on shares of Newell Brands Inc. Therefore 62% are positive. Freeport-McMoran Copper & Gold had 77 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Stephens to " on Tuesday, February 23. Canaccord Genuity has "Buy" rating and $10 target. The stock has "Underperform" rating by Robert W. Baird on Thursday, April 21. As per Tuesday, July 18, the company rating was maintained by Cowen & Co. The rating was upgraded by Deutsche Bank on Tuesday, March 21 to "Hold". The firm has "Neutral" rating by Buckingham Research given on Wednesday, April 6. (NYSE:CMI) has "Underweight" rating given on Friday, September 25 by Barclays Capital. (NASDAQ:AAPL) were released by: Benzinga.com and their article: "Apple's September 12 Event: New Products And The Tech Sector's Push Into ..." published on September 15, 2017 as well as Marketwatch.com's news article titled: "Opinion: Apple's petty squabble with Qualcomm ends up hurting iPhone customers" with publication date: September 16, 2017.

Investors sentiment decreased to 1 in 2016 Q4. Its down 0.03, from 0.82 in 2016Q3. It improved, as 44 investors sold CMI shares while 270 reduced holdings. 99 funds opened positions while 175 raised stakes. Moreover, Credit Suisse Ag has 0.04% invested in Freeport-McMoRan Inc (NYSE:FCX). Share performance for the month is now at -0.79%. Agran Libbie stated it has 0.23% of its portfolio in Cummins Inc. Bessemer Group Incorporated reported 5.04 million shares. Horan Capital Mngmt accumulated 21,394 shares. Temasek Holdings (Private) Limited holds 9.76 million shares or 1.85% of its portfolio. Meiji Yasuda Asset Mngmt Ltd invested in 27,033 shares or 0.04% of the stock.

Investors sentiment increased to 1.01 in Q4 2016. 1,416 are owned by Envestnet Asset Management. (NYSE:CMI). 300 were accumulated by Brick & Kyle Assoc. Connor Clark And Lunn Investment Ltd has 0% invested in Cummins Inc. Sailingstone Prns Lc reported 11.79% stake. Pictet Asset Mngmt Ltd reported 722,078 shares. Toronto Dominion Financial Bank has invested 0.51% in Apple Inc. Secor Capital Advsr Ltd Partnership stated it has 0.03% in Antero Resources Corp (NYSE:AR).

The research firm CIBC has today has begun coverage on Freeport-McMoRan (NYSE:FCX) shares, with a Sector Outperform rating, while giving it the PT at $18. Equities analysts expect that Freeport-McMoran, Inc. will post $1.10 earnings per share for the current fiscal year. FCX's profit will be $333.08 million for 15.21 P/E if the $0.23 EPS becomes a reality. After posting $0.17 EPS for the previous quarter, Freeport-McMoRan Inc's analysts now forecast 35.29 % EPS growth.

On July 12, 2017 the stock rating was rated "Sell" in a report from Berenberg which was a cut from the previous "Sell" rating. Freeport-McMoran Copper & Gold had 78 analyst reports since July 28, 2015 according to SRatingsIntel. As per Monday, May 1, the company rating was maintained by FBR Capital.

Shares of Freeport-McMoran (NYSE FCX) traded up 0.14% during midday trading on Friday, reaching $13.88. The rating was initiated by Citigroup with "Neutral" on Tuesday, February 21. The firm earned "Hold" rating on Thursday, January 12 by TD Securities. FMR LLC increased its holdings in Freeport-McMoran by 104.4% during the first quarter. Teachers Advisors LLC owned 0.34% of Freeport-McMoran worth $58,329,000 at the end of the most recent reporting period.

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