Here's What a $10,000 Investment in Cameco 5 Years Ago Is Worth Today -- and What the Next 5 Years Could Look Like
Cameco has delivered a 26% annual return over the past decade.
Overview
If you had bought $10,000 worth of Cameco (NYSE: CCJ) 10 years ago and reinvested its dividends, you would have $107,627.06 today. That's an amazing 26% annual return rate that aligns with high-growth tech stocks over the same period.
Cameco, however, is not a tech stock but a uranium miner that also provides uranium production and refining services.
Details
The stock, despite its decade-long rise, is down more than 5% this year. Still, the next five years could see another surge in the stock. Here's why.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.