Copper Mining Stock Rallying Ahead of Earnings

Freeport-McMoRan Inc (NYSE:FCX) is gearing up for its fourth-quarter earnings report, due out ahead of the open on Thursday, Jan. 22. Per Zacks Research, analysts anticipate earnings of 28 cents per share on $5.05 billion, a year-over-year drop of 9.7% and 11.7%, respectively. Strong copper prices, of which the mining name is a large producer, could help the company beat estimates, however. On the charts, Freeport McMoRan stock has been rallying since late November, recently hitting a Jan. 14, 14-year high ...