If You Invested $100 In This Stock 20 Years Ago, You Would Have $700 Today
Portfolio Pulse from Benzinga Insights
Cameco (NYSE:CCJ) has delivered an average annual return of 9.88% over the past 20 years, outperforming the market by 2.33% annually. With a current market capitalization of $21.85 billion, an initial investment of $100 in CCJ 20 years ago would be worth $657.46 today. This showcases the impact of compounded returns on investment growth over time.
February 02, 2024 | 4:30 pm
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Cameco has shown significant long-term growth, with an investment growing over 6.5 times in 20 years, reflecting a strong performance and the power of compounded returns.
The article highlights Cameco's robust performance over two decades, significantly outperforming the market. This historical performance, coupled with a substantial market capitalization, suggests a positive outlook for the stock. The emphasis on compounded returns underlines the potential for continued growth, making it an attractive asset for long-term investors.
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