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

Freeport-McMoRan TodayFCXFreeport-McMoRan44.610.23 (0.5244.61 -0.23 (-0.52%) 52-Week Range27.66▼52.61DividendYield0.6752.61Dividend Yield0.67%P/E Ratio33.79Price Target51.00Add 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 7.6billionbeatexpectationsfor7.6 billion beat expectations for 6.8 billion and was 15% higher than the $6.6 billion recorded in the same qua ...