Friday, April 16, 2010

Freeport-McMoRan (NYSE:FCX) Earnings Report Wednesday

Freeport-McMoRan (NYSE:FCX) will report its quarterly earnings on Wednesday, April 21 before the market opens.

Analysts expect earnings per share to come in at about $1.92.

Freeport is a huge copper and gold play, and while it is pretty high priced at this time, is expected to perform strong based on valuations of copper and gold.

Even so, Freeport will pretty much fall on the prices of copper, and to a lesser extent gold, and so is vulnerable as well as strong, depending on how those two metals perform.

Demand for both seems to imply Freeport should enjoy some good years ahead, although he may take some time to push through to former $90 a share marks.

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