Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 20 years by 2.96% on an annualized basis.
Buying $1,000 In FCX: 20 years ago, an investor could have purchased 129.45 shares of Freeport-McMoRan at the time with $1,000. This investment in FCX would have produced an average annual return of 9.68%. Currently, Freeport-McMoRan has a market capitalization of $72.77 billion.
Freeport-McMoRan's Share Price Over Last 20 Years
This $1,000 investment would be worth $6,477.67 today based on a price of $50.02 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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
