Capital International Sarl Has $20.47 Million Position in Freeport-McMoRan Inc. (NYSE:FCX)

Capital International Sarl grew its position in shares of Freeport-McMoRan Inc. (NYSE:FCX - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 537,573 shares of the natural resource company's stock after buying an additional 21,673 shares during the period. Capital International Sarl's holdings in Freeport-McMoRan were worth $20,471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westside Investment Management Inc. raised its stake in Freeport-McMoRan by 33.0% during the third quarter. Westside Investment Management Inc. now owns 7,867 shares of the natural resource company's stock worth $373,000 after acquiring an additional 1,950 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in Freeport-McMoRan by 5.0% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 10,306 shares of the natural resource company's stock valued at $514,000 after purchasing an additional 490 shares during the period. World Investment Advisors LLC bought a new stake in Freeport-McMoRan in the third quarter valued at $246,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Freeport-McMoRan during the third quarter valued at $754,000. Finally, Tidal Investments LLC increased its holdings in shares of Freeport-McMoRan by 6.2% in the 3rd quarter. Tidal Investments LLC now owns 155,081 shares of the natural resource company's stock worth $7,742,000 after acquiring an additional 8,995 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.

Freeport-McMoRan Stock Up 0.1 %

FCX traded up $0.03 during trading on Monday, reaching $32.93. 11,414,737 shares of the stock traded hands, compared to its average volume of 13,877,381. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.42 and a quick ratio of 1.18. Freeport-McMoRan Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $55.24. The stock's 50-day simple moving average is $36.66 and its two-hundred day simple moving average is $40.38. The stock has a market cap of $47.32 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 0.87 and a beta of 1.71.

Freeport-McMoRan (NYSE:FCX - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The natural resource company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Freeport-McMoRan had a return on equity of 7.50% and a net margin of 7.42%. As a group, equities research analysts expect that Freeport-McMoRan Inc. will post 1.68 EPS for the current year.

Freeport-McMoRan Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, April 15th. Freeport-McMoRan's payout ratio is 23.26%.

Analyst Upgrades and Downgrades

FCX has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded Freeport-McMoRan from a "hold" rating to a "buy" rating and set a $47.00 price objective for the company in a research report on Thursday, March 6th. BMO Capital Markets lowered their price target on Freeport-McMoRan from $54.00 to $50.00 and set an "outperform" rating on the stock in a report on Friday, January 24th. Dbs Bank upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 10th. Sanford C. Bernstein lowered shares of Freeport-McMoRan from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $51.00 to $46.00 in a research note on Tuesday, January 7th. Finally, Hsbc Global Res upgraded shares of Freeport-McMoRan from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $48.39.

About Freeport-McMoRan

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.