Freeport-McMoRan (FCX) Surpasses Market Returns: Some Facts Worth Knowing

Freeport-McMoRan (FCX) outperformed the S&P 500 with a +2.3% daily gain. The mining company is expected to report 46% EPS growth and 1.4% revenue growth in the upcoming quarter, with annual estimates showing +59.32% earnings growth. However, FCX holds a Zacks Rank #3 (Hold) rating and trades at a slight premium to its industry average with a Forward P/E of 24.59 versus the industry average of 24.39.