$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,900 Today
Portfolio Pulse from Benzinga Insights
Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has delivered an annualized return of 24.0%, outperforming the market by 11.32%. An investment of $1000 in FCX five years ago would be worth $2,945.62 today. The company currently has a market capitalization of $54.15 billion.
February 28, 2024 | 5:00 pm
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POSITIVE IMPACT
Freeport-McMoRan has significantly outperformed the market with a 24.0% annualized return over the past 5 years, growing a $1000 investment to $2,945.62.
The substantial growth in investment value from $1000 to $2,945.62 over five years highlights Freeport-McMoRan's strong performance and its ability to generate significant returns for investors. This performance, coupled with a solid market capitalization of $54.15 billion, suggests a positive outlook for FCX, making it likely to attract further investor interest and potentially drive up its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100