Here's How Much $1000 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 outperformed the market with an annualized return of 17.7%, averaging 30.17% annually. A $1000 investment in FCX 5 years ago would now be worth $3,639.01. The company's current market capitalization stands at $71.79 billion.
April 04, 2024 | 7:01 pm
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Freeport-McMoRan has shown significant growth over the past 5 years, with a $1000 investment growing to $3,639.01.
The substantial growth in investment value over the past 5 years, coupled with the company's outperformance of the market, suggests a positive outlook for Freeport-McMoRan's stock. The company's current market capitalization of $71.79 billion further supports its strong market position. Given these factors, the short-term impact on FCX's stock is likely positive, reflecting investor confidence in its continued growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100