Evergreen Capital Management LLC, Bank of America Securities, and
Federation des caisses Desjardins du Quebec are few among numerous institutions altering their stakes in
Freeport-McMoRan Inc. (FCX), indicating shifting sentiments. While some like
Evergreen and
Panagora Asset Management trimmed their shares, other entities such as
Encompass Capital Advisors,
Amundi and
Vident Advisory LLC expanded their holdings significantly. Freeport-McMoRan recently impressed with its Q2 earnings, reacting positively to its
copper production ramp up. Yet, the company also faces observable
margin pressures and significant valuation ambiguity due to copper price uncertainties. Analyst Jim Cramer praised the company as a sturdy trading vehicle, while Morgan Stanley upgraded the company's stock to
‘Overweight’ despite lowering the price target. FCX stands as a significant player in the copper industry with high institutional ownership.
Freeport-Mcmoran FCX News Analytics from Mon, 26 May 2025 07:00:00 GMT to Sat, 06 Sep 2025 21:06:45 GMT -
Rating 6
- Information 8
- Rumor -5
