Why Freeport-McMoRan Stock May Hit a New High After Earnings Beat

Freeport-McMoRan TodayFCXFreeport-McMoRan$44.61 -0.23 (-0.52%) 52-Week Range$27.66▼$52.61Dividend Yield0.67%P/E Ratio33.79Price Target$51.00Add to WatchlistShares of Freeport-McMoRan Inc. NYSE: FCX are down over 1.3% after the mining company delivered a double beat in its second-quarter earnings report. This is a reversal after FCX had bounced 1.3% higher at the market open. Top-line revenue of $7.6 billion beat expectations for $6.8 billion and was 15% higher than the $6.6 billion recorded in the same qua ...