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Freeport-McMoRan’s Outlook Is Cloudy, Earnings Peak

Mark O'Hara
Freeport-McMoRan’s Outlook Is Cloudy, Earnings Peak

While copper prices have been weak in 2018, higher gold shipments have helped Freeport-McMoRan (FCX) post higher earnings in the last few quarters. The company posted an adjusted EBITDA of $1.8 billion in the third quarter. The company’s EBITDA in the last 12 months ending on September 30 is $7.9 billion.