Not a lot has gone right for Freeport-McMoRan Inc (NYSE: FCX ) in the last five years. Copper prices have plunged, a push into oil & gas came at precisely the wrong time, and now financial results are starting to show how bad things have gotten.
Sell-side Research analysts on Wall Street that monitor future earnings growth for Freeport-McMoran, Inc. (NYSE:FCX) are anticipating that the company will post an EPS number of $0.11 for the quarter ending 2015-06-30.
The U.S. dollar index has put in an intermediate top, providing a tailwind to material and mining companies. Freeport-McMoRan is the largest holding in the Materials and Mining SPDR ETF, and it offers upside leverage to increasing copper prices.