Freeport-McMoRan: Volatile Copper Prices But An EPS Beat

Monty Rakusen/DigitalVision via Getty Images Freeport-McMoRan (NYSE:FCX) often lives and dies, so to speak, with movements in copper prices. The last two-plus months have felt like the latter rather than the former for shareholders in the Materials-sector stock, as the industrial metal has plunged about 20% from its summertime peak above $5 per pound. There were bullish calls made by some market experts, including former Goldman Sachs analyst Jeff Currie, back in the second quarter when copper was on the ri ...