Here's How Much $1000 Invested In Cleveland-Cliffs 10 Years Ago Would Be Worth Today

Cleveland-Cliffs (NYSE:CLF) has outperformed the market over the past 10 years by 6.06% on an annualized basis producing an average annual return of 19.94%. Currently, Cleveland-Cliffs has a market capitalization of $7.16 billion.

Buying $1000 In CLF: If an investor had bought $1000 of CLF stock 10 years ago, it would be worth $6,172.25 today based on a price of $12.56 for CLF at the time of writing.

Cleveland-Cliffs's Performance Over Last 10 Years

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.

This article was generated by Benzinga's automated content engine and reviewed by an editor.