Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 22.62% on an annualized basis producing an average annual return of 35.9%. Currently, Freeport-McMoRan has a market capitalization of $74.04 billion.
Buying $1000 In FCX: If an investor had bought $1000 of FCX stock 5 years ago, it would be worth $4,626.57 today based on a price of $51.54 for FCX at the time of writing.
Freeport-McMoRan's Performance Over Last 5 Years
![1720711830_0.png](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240711/40654677-0-eca9f0d4a01d22858aec1b5268b0061d.png/big)
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.