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 23.81%, resulting in an average annual return of 36.81%. A $1000 investment in FCX 5 years ago would be worth $4,515.39 today. The company's market capitalization currently stands at $73.93 billion.
May 07, 2024 | 2:02 pm
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POSITIVE IMPACT
Freeport-McMoRan has shown remarkable performance over the past 5 years with an average annual return of 36.81%, significantly outperforming the market.
The significant outperformance of Freeport-McMoRan (FCX) over the past 5 years, as evidenced by its 36.81% average annual return and the substantial growth of a $1000 investment to $4,515.39, indicates a strong positive impact on the stock. This performance, coupled with a current market capitalization of $73.93 billion, suggests a robust financial health and growth trajectory that is likely to continue attracting investor interest in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100