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 16.45%, averaging 28.43% annually. A $1000 investment in FCX 5 years ago would now be worth $3,613.59. The company's current market capitalization stands at $70.97 billion.
April 12, 2024 | 8:30 pm
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POSITIVE IMPACT
Freeport-McMoRan has demonstrated significant growth over the past 5 years, with a $1000 investment growing to $3,613.59, reflecting an average annual return of 28.43%.
The substantial growth in investment value over the past 5 years, significantly outperforming the market, indicates strong performance and potential for continued positive momentum. This historical performance, coupled with a solid market capitalization, suggests a positive outlook for FCX in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100