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Is There More Heat Left in Freeport-McMoRan’s Rally?

Mark O'Hara
Is There More Heat Left in Freeport-McMoRan’s Rally?

Freeport-McMoRan (FCX), the leading US-based copper miner, has seen a significant upside after the stock fell to its 52-week low after its third-quarter earnings were released. Although Freeport-McMoRan managed to beat its earnings estimates in the third quarter for the top line and bottom line, investors gave a thumbs down to its earnings.