Freeport-McMoRan Inc. (FCX) Reaches $17.27 After 6.00% Up Move; ADAMA TECHNOLOGIES CORPORATION (ADAC) Shorts Decreased By 63.38%

Sunday 1 July 2018

Freeport-McMoRan Inc. (FCX) Reaches $17.27 After 6.00% Up Move; ADAMA TECHNOLOGIES CORPORATION (ADAC) Shorts Decreased By 63.38%

Freeport-McMoRan Inc. (NYSE:FCX) Logo

The stock of Freeport-McMoRan Inc. (NYSE:FCX) is a huge mover today! The stock increased 2.86% or $0.48 during the last trading session, reaching $17.27. About 7.59 million shares traded. Freeport-McMoRan Inc. (NYSE:FCX) has risen 45.98% since June 29, 2017 and is uptrending. It has outperformed by 33.41% the S&P500. Some Historical FCX News: 15/05/2018 – Freeport Fears Ease as CEO Signals Waste Resolution (Correct); 24/04/2018 – INDONESIA’S ENVIRONMENTAL CLAIMS HAVE NO IMPACT ON FREEPORT’S VALUATION OF ITS GRASBERG MINE – FREEPORT CEO; 20/03/2018 – FREEPORT-MCMORAN CEO RICHARD ADKERSON SPEAKS IN LAUSANNE; 27/04/2018 – Reversal in Indonesia Slams Freeport, an Investor Favorite Last Year; 04/05/2018 – Freeport: Production From Grasberg Block Cave Mine Expected to Commence in First Half of 2019; 25/04/2018 – FREEPORT MUST RESOLVE 8 ENVIRONMENTAL ISSUES INCLUDING TAILINGS; 15/05/2018 – ICAHN REDUCED FCX, MTW, XRX IN 1Q: 13F; 22/05/2018 – Australia’s Rio Tinto in talks with lnalum, Freeport for Grasberg sale; 12/03/2018 – Freeport-McMoRan is a nice hedge on this market: @JimCramer; 24/04/2018 – Freeport says Indonesian mine sale talks continueThe move comes after 6 months positive chart setup for the $25.02 billion company. It was reported on Jun, 29 by Barchart.com. We have $18.31 PT which if reached, will make NYSE:FCX worth $1.50 billion more.

ADAMA TECHNOLOGIES CORPORATION (OTCMKTS:ADAC) had a decrease of 63.38% in short interest. ADAC’s SI was 5,200 shares in June as released by FINRA. Its down 63.38% from 14,200 shares previously. The stock decreased 3.81% or $0.0004 during the last trading session, reaching $0.0101. About 1,300 shares traded. Adama Technologies Corporation (OTCMKTS:ADAC) has 0.00% since June 29, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Freeport-McMoRan Inc. (NYSE:FCX) to report earnings on July, 24. They expect $0.58 EPS, up 241.18% or $0.41 from last year’s $0.17 per share. FCX’s profit will be $840.31 million for 7.44 P/E if the $0.58 EPS becomes a reality. After $0.46 actual EPS reported by Freeport-McMoRan Inc. for the previous quarter, Wall Street now forecasts 26.09% EPS growth.

Investors sentiment increased to 1.07 in Q1 2018. Its up 0.15, from 0.92 in 2017Q4. It increased, as 36 investors sold Freeport-McMoRan Inc. shares while 222 reduced holdings. 95 funds opened positions while 180 raised stakes. 1.00 billion shares or 1.38% more from 989.88 million shares in 2017Q4 were reported. Chicago Equity Prtn Limited Com holds 287,505 shares. France-based Bnp Paribas Asset Mngmt has invested 0% in Freeport-McMoRan Inc. (NYSE:FCX). 289,178 were accumulated by Blb&B Advsr Lc. Moreover, Cibc Asset Mngmt has 0.01% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 125,872 shares. Veritable Limited Partnership accumulated 0.02% or 43,275 shares. Magnetar Fincl Ltd Co stated it has 0.01% in Freeport-McMoRan Inc. (NYSE:FCX). Yorktown Management And Research owns 0.13% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 25,500 shares. Fayez Sarofim & Communications holds 0.01% in Freeport-McMoRan Inc. (NYSE:FCX) or 146,245 shares. Bedell Frazier Inv Counseling Ltd Liability Com accumulated 456,510 shares. Edge Wealth Limited Liability Co accumulated 2,201 shares. Berkshire Asset Mngmt Ltd Com Pa stated it has 0.04% of its portfolio in Freeport-McMoRan Inc. (NYSE:FCX). Virtu Fin Ltd accumulated 143,070 shares. Plante Moran Financial Advsr Limited Liability Com stated it has 690 shares or 0.01% of all its holdings. 6.49M were accumulated by D E Shaw And Incorporated. Moreover, Utah Retirement has 0.09% invested in Freeport-McMoRan Inc. (NYSE:FCX) for 252,126 shares.

Since January 31, 2018, it had 0 insider purchases, and 1 insider sale for $419,125 activity. 21,500 shares valued at $419,125 were sold by WHITMIRE C DONALD JR on Wednesday, January 31.

Among 13 analysts covering Freeport-McMoRan (NYSE:FCX), 4 have Buy rating, 1 Sell and 8 Hold. Therefore 31% are positive. Freeport-McMoRan had 18 analyst reports since January 8, 2018 according to SRatingsIntel. Morgan Stanley maintained Freeport-McMoRan Inc. (NYSE:FCX) rating on Monday, March 26. Morgan Stanley has “Equal-Weight” rating and $15 target. FBR Capital upgraded the shares of FCX in report on Wednesday, May 23 to “Buy” rating. The company was maintained on Thursday, January 25 by Jefferies. Morgan Stanley maintained Freeport-McMoRan Inc. (NYSE:FCX) on Friday, June 29 with “Equal-Weight” rating. Cowen & Co maintained the shares of FCX in report on Monday, January 29 with “Buy” rating. The firm has “Hold” rating given on Tuesday, February 6 by Stifel Nicolaus. The company was maintained on Monday, January 8 by Scotia Capital. The rating was maintained by UBS with “Neutral” on Tuesday, March 6. The stock of Freeport-McMoRan Inc. (NYSE:FCX) earned “Neutral” rating by IBC on Monday, January 22. On Tuesday, April 24 the stock rating was maintained by Cowen & Co with “Buy”.

Freeport-McMoRan Inc. engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company has market cap of $25.02 billion. It primarily explores for copper concentrate, copper cathode, copper rod, gold, molybdenum, silver, and other metals, as well as gas and oil. It has a 10.99 P/E ratio. The companyÂ’s portfolio of assets include the Grasberg minerals district in Indonesia; Morenci, Bagdad, Safford, Sierrita, and Miami in Arizona; Tyrone and Chino in New Mexico; and Henderson and Climax in Colorado, North America, as well as Cerro Verde and El Abra mines in South America.

Freeport-McMoRan Inc. (NYSE:FCX) Institutional Positions Chart