With a market cap of $58.4 billion, Freeport-McMoRan Inc. (FCX) is an Arizona-based mining and metals company. Freeport’s core business is exploration, mining, and production of mineral resources, with a strategic emphasis on copper, a critical industrial metal used in electrical infrastructure, renewable energy, and electrification. The leading international metals company is expected to announce its fiscal fourth-quarter earnings soon.
Ahead of the event, analysts expect FCX to report a profit of $0.21 per share on a diluted basis, down 32.3% from $0.31 per share in the year-ago quarter. The company beat or met consensus estimates in all four quarters over the past year.
