Freeport-McMoRan FCX has outperformed the market over the past 5 years by 26.45% on an annualized basis producing an average annual return of 39.84%. Currently, Freeport-McMoRan has a market capitalization of $77.43 billion. Buying $100 In FCX: If an investor had bought $100 of FCX stock 5 years ago, it would be worth $541.81 today based on a price of $53.90 for FCX at the time of writing. 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. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Major U.S. equities indexes were mixed to close out a trading week that saw all three market gauges pop to all-time highs amid renewed optimism about interest rate cuts.
Freeport-McMoRan (FCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.