Here's How Much $100 Invested In Freeport-McMoRan 5 Years Ago Would Be Worth Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has produced an average annual return of 27.26%, outperforming the market by 14.54% on an annualized basis. A $100 investment in FCX 5 years ago would be worth $350.56 today. The company's current market capitalization stands at $54.38 billion.
January 22, 2024 | 8:02 pm
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Freeport-McMoRan has significantly outperformed the market with a 27.26% average annual return over the past 5 years, turning a $100 investment into $350.56 today.
The historical performance of Freeport-McMoRan as detailed in the article suggests strong past growth, which may positively influence investor perception and potentially lead to increased investor interest in the short term. However, past performance is not always indicative of future results, and this should be considered when evaluating the stock's potential.
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