The shares of Freeport-McMoRan Inc. (NYSE:FCX) has been pegged with a rating of Sector Perform by RBC Capital Mkts in its latest research note that was published on July 25th, 2019. RBC Capital Mkts wasn’t the only research firm that published a report of Freeport-McMoRan Inc., with other equities research analysts also giving their opinion on the stock. Barclays advised investors in its research note published on July 16th, 2019, to Equal Weight the FCX stock while also putting a $12 price target. The stock had earned Buy rating from Deutsche Bank when it published its report on July 11th, 2019. That day the Deutsche Bank set price target on the stock to $13.50. The stock was given Buy rating by Citigroup in its report released on February 19th, 2019, the day when the price target on the stock was placed at $16. Morgan Stanley was of a view that FCX is Overweight in its latest report on February 13th, 2019. Credit Suisse thinks that FCX is worth Neutral rating. This was contained in the firm’s report on January 9th, 2019 in which the stock’s price target was also moved to $12.
The consensus currently stands at a Hold while its average price target is $13.45. The price of the stock the last time has raised by 8.28% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 43.27.
The shares of the company added by 2.43% during the trading session on Thursday, reaching a low of $9.23 while ending the day at $9.29. During the trading session, a total of 12.09 million shares were traded which represents a 36.01% incline from the average session volume which is 18.90M shares. FCX had ended its last session trading at 9.07. Freeport-McMoRan Inc. currently has a market cap of $13.48B, while its P/E ratio stands at 15.64, while its P/E earnings growth sits at 0.85, with a beta of 2.42. Freeport-McMoRan Inc. debt-to-equity ratio currently stands at 1.02, while its quick ratio hovers at 1.30. FCX 52-week low price stands at $8.58 while its 52-week high price is $14.90.
Investment analysts at B. Riley FBR published a research note on March 1st, 2019 where it informed investors and clients that First Majestic Silver Corp. (NYSE:AG) is now rated as Neutral. Their price target on the stock stands at $6. Barclays also rated AG as Upgrade on July 16th, 2019, with its price target of $27 suggesting that AG could down by -18.66% from its current share price. Even though the stock has been trading at $11.28/share, analysts expect it to surge higher by 0.35% to reach $9.54/share. It started the day trading at $11.45 and traded between $11.11 and $11.32 throughout the trading session.
A look at its technical shows that AG’s 50-day SMA is 9.59 while its 200-day SMA stands at 6.93. At the moment, only of First Majestic Silver Corp. shares were sold short. The company’s average trading volume currently stands at 5.06M shares, which means that the short-interest ratio is just 4.52 days. Over the past seven days, the company moved, with its shift of 0.62%. Looking further, the stock has raised 77.99% over the past 90 days while it gained 79.40% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Van Eck Associates Corp sold more AG shares, decreasing its portfolio by -2.14% during the last quarter. This move now sees Van Eck Associates Corp selling -512,419 shares in the last quarter, thus it now holds 23,429,833 shares of AG, with a total valuation of $220,709,027. The Vanguard Group Inc meanwhile bought more AG shares in the recently filed quarter, changing its stake to $39,787,838 worth of shares. Morgan Stanley Co LLC followed the path by increasing its AG portfolio by +34.45% in the quarter. This means that Morgan Stanley Co LLC bought 759,813 shares in the last quarter and now controls 2,965,602 shares of the AG stock, with the valuation hitting $27,935,971.
Similarly, Global X Management Co LLC decreased its First Majestic Silver Corp. shares by -7.10% during the recently filed quarter. After selling -196,797 shares in the last quarter, the firm now controls 2,574,501 shares of First Majestic Silver Corp. which are valued at $24,251,799. In the same vein, Morgan Stanley Canada Ltd decreased its First Majestic Silver Corp. shares by during the most recent reported quarter. The firm sold -671,706 shares during the quarter which decreased its stakes to 1,911,902 shares and is now valued at $18,010,117. Following these latest developments, around of First Majestic Silver Corp. stocks are owned by institutional investors and hedge funds.