NYSE:FCXMetals and Mining
Freeport-McMoRan (FCX) Valuation: Strong Earnings Confront Copper Price Uncertainty and Expansion Prospects
Freeport-McMoRan (FCX) just posted quarterly earnings that beat expectations, thanks in large part to stronger copper and gold prices and steady progress on new mine expansions. If you own shares or are considering getting involved, you probably noticed the mixed reaction. Despite healthy profits and a growth pipeline that is moving forward, concerns over falling copper prices, more cautious sales forecasts, and the likelihood of higher unit costs are keeping investors alert as the company...