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Kinross Gold Stock: A Decade of Strong Returns
Here's How Much You Would Have Made Owning Kinross Gold Stock In The Last 10 Years
Image: Benzinga
Over the past 10 years, Kinross Gold (NYSE: KGC) has delivered an average annual return of 20.84%, outperforming the market by 7.33%. A $1,000 investment in KGC stock would now be valued at approximately $6,640.85.
- 01Kinross Gold has achieved an average annual return of 20.84% over the last decade.
- 02The stock has outperformed the broader market by 7.33% annually.
- 03Currently, Kinross Gold's market capitalization stands at $33.58 billion.
- 04A $1,000 investment in KGC ten years ago would be worth about $6,640.85 today.
- 05The article emphasizes the significant impact of compounded returns on investment growth.
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Kinross Gold (NYSE: KGC) has significantly outperformed the market over the last decade, achieving an average annual return of 20.84%, which is 7.33% higher than the market average. As of now, the company's market capitalization is approximately $33.58 billion. If an investor had purchased $1,000 worth of KGC stock ten years ago, it would have grown to around $6,640.85 today, highlighting the substantial benefits of compounded returns over time. This performance underscores the importance of long-term investment strategies.
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