Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 20 years by 1.16% on an annualized basis producing an average annual return of 8.55%. Currently, Freeport-McMoRan has a market capitalization of $49.22 billion.
Buying $100 In FCX: If an investor had bought $100 of FCX stock 20 years ago, it would be worth $538.13 today based on a price of $34.44 for FCX at the time of writing.
Freeport-McMoRan’s Performance Over Last 20 Years
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.
