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Clal Insurance Enterprises Holdings Ltd Makes New $33.34 Million Investment in Freeport-McMoRan Inc. $FCX
Clal Insurance Enterprises Holdings Ltd has made a new investment of $33.34 million in Freeport-McMoRan Inc. by purchasing 850,000 shares in the third quarter. This investment, representing about 0.06% of Freeport-McMoRan, is part of a trend of institutional investors and hedge funds modifying their holdings in the natural resource company. Freeport-McMoRan recently reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend, while analysts maintain a “Moderate Buy” rating for the stock.