Freeport-McMoRan (NYSE: FCX) engages in the mining of mineral properties in the United States, Indonesia, Peru, and Chile. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas.
After a stellar 2017, FCX fell 46% in 2018 in large part to the drop in copper amid the US-China trade war.
As a result FCX received several downgrades from Wall Street in 2018. The last downgrade was from RBC Capital, in November to “underperform” from “sector perform” and reduced their price target on FCX from $16 to $15.
FCX is expected to announce earnings on
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