Fintel reports that on September 4, 2024, UBS upgraded their outlook for Freeport-McMoRan (XTRA:FPMB) from Neutral to Buy.
Analyst Price Forecast Suggests 30.61% Upside
As of August 26, 2024, the average one-year price target for Freeport-McMoRan is 49,34 €/share. The forecasts range from a low of 38,65 € to a high of 58,77 €. The average price target represents an increase of 30.61% from its latest reported closing price of 37,78 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Freeport-McMoRan is 24,524MM, a decrease of 0.61%. The projected annual non-GAAP EPS is 2.37.
What is the Fund Sentiment?
There are 2,489 funds or institutions reporting positions in Freeport-McMoRan. This is an increase of 124 owner(s) or 5.24% in the last quarter. Average portfolio weight of all funds dedicated to FPMB is 0.47%, an increase of 6.80%. Total shares owned by institutions increased in the last three months by 2.41% to 1,400,492K shares.
What are Other Shareholders Doing?
Capital Research Global Investors holds 76,344K shares representing 5.31% ownership of the company. In its prior filing, the firm reported owning 72,896K shares , representing an increase of 4.52%. The firm increased its portfolio allocation in FPMB by 4.98% over the last quarter.
Fisher Asset Management holds 58,017K shares representing 4.04% ownership of the company. In its prior filing, the firm reported owning 56,630K shares , representing an increase of 2.39%. The firm decreased its portfolio allocation in FPMB by 1.36% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 45,419K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 45,051K shares , representing an increase of 0.81%. The firm increased its portfolio allocation in FPMB by 1.33% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 36,868K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 36,138K shares , representing an increase of 1.98%. The firm decreased its portfolio allocation in FPMB by 0.18% over the last quarter.
Bank Of America holds 35,059K shares representing 2.44% ownership of the company. In its prior filing, the firm reported owning 17,907K shares , representing an increase of 48.92%. The firm increased its portfolio allocation in FPMB by 90.83% over the last quarter.
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