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Freeport-McMoran Copper and Gold (FCX) has 1 split in our Freeport-McMoran Copper and Gold stock split history database. The split for FCX took place on February 02, 2011. This was a 2 for 1 split, meaning for each share of FCX owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Freeport-McMoran Copper and Gold splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Freeport-McMoran Copper and Gold stock split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Freeport-McMoran Copper and Gold shares, starting with a $10,000 purchase of FCX, presented on a split-history-adjusted basis factoring in the complete Freeport-McMoran Copper and Gold stock split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||-15.11%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-9.98%|
|About Freeport-McMoran Copper and Gold|
|Freeport-McMoRan is a holding company. Through its subsidiaries, Co. is a mining company. Co. operates assets with proven and probable reserves of copper, gold and molybdenum, and Co. is a publicly traded copper producer. Co.'s portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits; and mining operations in North America and South America, including the Morenci minerals district in Arizona and the Cerro Verde operation in Peru. Co. has organized its mining operations into four primary divisions: North America copper mines, South America mining, Indonesia mining and Molybdenum mines. According to our Freeport-McMoran Copper and Gold stock split history records, Freeport-McMoran Copper and Gold has had 1 split.|
|FCX Split History Table|
|02/02/2011||2 for 1|
|Materials Stock Splits|
|FCX is categorized under the Materials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: FCX shares outstanding history