Here's How Much You Would Have Made Owning Freeport-McMoRan Stock In The Last 5 Years
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has produced an average annual return of 29.92%, outperforming the market by 17.17% on an annualized basis. A $100 investment in FCX stock 5 years ago would be worth $376.82 today. The company's current market capitalization stands at $59.25 billion.
January 05, 2024 | 5:30 pm
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NEUTRAL IMPACT
Freeport-McMoRan's stock has significantly outperformed the market with a 29.92% average annual return over the past 5 years, indicating strong past performance.
The historical performance data provided is positive, but as it pertains to past performance, it does not necessarily indicate or guarantee future results. Therefore, the short-term impact on the stock price is neutral, as investors typically base decisions on forward-looking expectations rather than past performance alone.
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