<div id="readability-page-1"><p><span>Freeport-McMoRan (NYSE:FCX - Get Free Report)</span> was downgraded by Bank of America from a &#34;buy&#34; rating to a &#34;neutral&#34; rating in a research report issued on Wednesday,Briefing.com Automated Import reports. They presently have a $42.00 target price on the natural resource company's stock. Bank of America's target price suggests a potential upside of 11.23% from the company's previous close.</p><div><p><span></span><span>Get <strong>Freeport-McMoRan</strong> alerts:</span></p></div><ul><li>Why Freeport-McMoRan Stock May Hit a New High After Earnings Beat</li></ul><p>FCX has been the subject of a number of other research reports. Hsbc Global Res cut Freeport-McMoRan from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Tuesday, July 22nd. Scotiabank upped their price target on shares of Freeport-McMoRan from $48.00 to $52.00 and gave the company a &#34;sector outperform&#34; rating in a research report on Wednesday, July 9th. Jefferies Financial Group  reissued a &#34;buy&#34; rating and set a $46.00 price objective on shares of Freeport-McMoRan in a research report on Wednesday. UBS Group cut shares of Freeport-McMoRan from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and upped their target price for the company from $45.00 to $50.00 in a report on Friday, July 11th. Finally, Stifel Nicolaus started coverage on Freeport-McMoRan in a report on Wednesday, July 9th. They set a &#34;buy&#34; rating and a $56.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have issued  a Hold rating to the company. According to data from MarketBeat, the company  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $49.73.</p><p><b>Get Our Latest Analysis on Freeport-McMoRan</b></p><h2>Freeport-McMoRan Stock Down 16.8%</h2><ul><li>3 Stocks Offering Diversification in Trump’s Tariff &amp; Trade Reset</li></ul><p>FCX stock traded down $7.60 during midday trading on Wednesday, reaching $37.76. 75,925,976 shares of the company were exchanged, compared to its average volume of 15,654,875. The stock's 50-day simple moving average is $43.59 and its 200 day simple moving average is $40.54. Freeport-McMoRan has a 1-year low of $27.66 and a 1-year high of $52.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.21 and a current ratio of 2.47. The company has a market cap of $54.21 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 0.84 and a beta of 1.59. </p><p>Freeport-McMoRan (NYSE:FCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The natural resource company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.09. Freeport-McMoRan had a return on equity of 7.37% and a net margin of 7.45%.The company had revenue of $7.58 billion for the quarter, compared to analyst estimates of $6.85 billion. During the same quarter last year, the company posted $0.46 earnings per share. The business's quarterly revenue was up 14.5% compared to the same quarter last year.  On average, equities analysts forecast that  Freeport-McMoRan will post 1.68 earnings per share for the current year. </p><h2>Institutional Inflows and Outflows</h2><ul><li>Why Freeport-McMoRan Is The Copper King in a Tight Market</li></ul><p>A number of institutional investors and hedge funds have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of  Freeport-McMoRan during the 2nd quarter worth $28,000.  City Holding Co. acquired a new position in  Freeport-McMoRan during the first quarter worth about $33,000.  Beacon Capital Management LLC increased its holdings in  Freeport-McMoRan by 59.6% in the second quarter. Beacon Capital Management LLC now owns 876 shares of the natural resource company's stock valued at $38,000 after buying an additional 327 shares in the last quarter.  Dagco Inc. acquired a new stake in shares of  Freeport-McMoRan during the 1st quarter valued at approximately $37,000.  Finally, MTM Investment Management LLC acquired a new stake in shares of  Freeport-McMoRan during the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own  80.77% of the company's stock. </p><h2>About Freeport-McMoRan</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Freeport-McMoRan</li><li>What to Know About Investing in Penny Stocks</li><li>Ford Set to Outpace GM With Tariff Tailwinds and EPS Momentum</li><li>Uptrend Stocks Explained: Learn How to Trade Using Uptrends</li><li>Replace Your Fixed Income With This Dividend ETF</li><li>Special Purpose Acquisition Company (SPAC) What You Need to Know </li><li>3 AI-Driven Tech Stocks That Look Oversold and Undervalued</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZDWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZDWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Freeport-McMoRan Right Now?</h2><p>Before you consider Freeport-McMoRan, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freeport-McMoRan wasn't on the list.</p><p>While Freeport-McMoRan currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Bank of America downgraded Freeport-McMoRan (NYSE:FCX) from a "buy" to a "neutral" rating, setting a target price of $42.00, indicating an 11.23% potential upside. Other analysts have varied opinions, with some maintaining buy ratings and others downgrading. FCX shares fell 16.8% to $37.76, with a market cap of $54.21 billion. The company reported $0.54 EPS for the last quarter, exceeding estimates, and had a revenue of $7.58 billion, up 14.5% year-over-year. Institutional investors hold 80.77% of the stock.</p>

Bank of America Downgrades Freeport-McMoRan (NYSE:FCX) to Neutral