Freeport Indonesia has initial approval to resume copper exports: spokesman

What’s Makes Analysts So Bearish on Freeport’s 1Q17 Revenue

Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings data on Wednesday, January 25th. On average, equities research analysts expect that Freeport-McMoRan Inc will post $1.02 earnings per share for the current fiscal year.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Indonesia halted Freeport's copper concentrate exports in January under new rules requiring the Arizona-based company to adopt a special licence, pay new taxes and royalties, divest a 51 percent stake in its operations and relinquish arbitration rights. (FCX) is $14.89/share according to the consensus of analysts working on the stock, with an expected EPS of $0.18/share for the current quarter.

Bank of America's shares declined 0.44 percent to close at $22.71 a share on Tuesday. About 8.61 million shares traded. Freeport-McMoRan had a negative net margin of 28.09% and a positive return on equity of 3.52%. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.34 billion. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Freeport-McMoRan Inc. Copper has a PEG of *TBA alongside a PS value of 1.24 and a PB value of 2.96.

Several investment firms issued their expert ratings on Freeport-McMoRan Inc. During the 52 -week period, the stock's price traded between range of $12.05 to $25.80. The company traded a volume of 101.77 million shares as comparison to average volume of 96.2 million shares. Price moves in a company's bonds in credit markets often anticipate parallel moves in its stock price. Out of 3 Wall Street analysts rating Progress Software Corporation, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". The stock was sold at an average price of $15.22, for a total value of $38,430.50.

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Armed with a PDO device, a kirana shop or a thelawallah can sell Wi-Fi data vouchers at denominations as low as Rs 10. Further speaking to the Economic Times , "The concept of Digital India is not prevalent in every nook and corner".

In related news, Director Jon C/ Madonna sold 14,000 shares of the company's stock in a transaction on Wednesday, February 1st. Following the completion of the sale, the director now directly owns 61,080 shares of the company's stock, valued at $1,014,538.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP C Donald Whitmire, Jr. sold 2,525 shares of Freeport-McMoRan stock in a transaction that occurred on Thursday, February 16th. (FCX) to Sell with no specific Price Target. Following the sale, the chief operating officer now owns 37,763 shares of the company's stock, valued at approximately $575,508.12. The disclosure for this sale can be found here.

The number of shares now held by investors is 1.45 Billion.

03/22/2017 - Freeport-McMoran Copper & Gold, Inc. was upgraded to "hold" by analysts at Berenberg Bank. FBR Capital maintained the shares of FCX in report on Thursday, December 10 with "Mkt Perform" rating. KS boosted its stake in shares of Freeport-McMoRan by 0.3% in the third quarter.

02/09/2017 - JP Morgan began new coverage on Freeport-McMoran Copper & Gold, Inc. giving the company a "neutral" rating. Moreover, Oaktop Capital Management Ii L.P. has 4.27% invested in the company for 612,526 shares. Strid Group LLC purchased a new stake in Freeport-McMoRan during the third quarter worth approximately $112,000. KS now owns 70,530 shares of the natural resource company's stock worth $766,000 after buying an additional 200 shares during the period. Regal Investment Advisors LLC now owns 23,919 shares of the natural resource company's stock worth $260,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 66.80% of the company's stock.

Now the shares of Freeport-McMoRan Inc. If you are accessing this piece of content on another publication, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation. Finally, Johnson Investment Counsel Inc. boosted its stake in Freeport-McMoRan by 6.4% in the third quarter. The company was formerly known as Freeport-McMoRan Copper & Gold Inc. and changed its name to Freeport-McMoRan Inc.in July 2014. Over the same time span, the stock marked US$17.06 as its best level and the lowest price reached was US$9.24.

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