Is the Clock Running out on Freeport-Mcmoran Inc (FCX)?
With Freeport-McMoRan Inc (NYSE:FCX) preparing to release second-quarter results on Tuesday, July 25, Berenberg analyst Fawzi Hanano is out with a bearish forecast. Hanano opined, "Freeport has provided Q2 2017 sales guidance of 442kt (975m lbs) of copper and 440koz of gold. "We expect management to reduce the 2017E guidance for copper and gold sales at the Q2 results.
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