3 Roaring Stocks to Hold for the Next 20 Years

Sure, there are stocks roaring upwards in the last year, but these three can claim doing it for decades.

| More on:
hot air balloon in a blue sky

Source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Canadian investors might look at some of the climbing stocks of the last year or so and wonder if the climbing time has come and gone. But in the case of these three TSX stocks, it’s likely only getting started. So with that, let’s get into why investors should consider not just buying, but holding these three stocks for the next two decades.

Cameco

Created with Highcharts 11.4.3Cameco PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

First we have Cameco (TSX:CCO), one of the world’s largest publicly traded uranium companies. With the global shift towards clean energy, nuclear power is expected to play a crucial role due to its low carbon emissions and consistent power generation capabilities. This positions Cameco advantageously for future growth as demand for nuclear fuel increases.

Cameco has demonstrated solid financial performance, with strong cash flow generation and a positive revenue outlook for 2024 and beyond. The company is strategically focused on long-term contracting to maintain exposure to higher prices, which is a prudent risk management strategy.

What’s more, Cameco’s investments span the entire nuclear fuel cycle, from mining to reactor fuel supply. This comprehensive involvement provides a strategic advantage, allowing the company to capture value at multiple stages of the nuclear fuel production process.

Furthermore, the company has a large and growing pipeline of business opportunities under discussion. This potential for future contracts and expansions suggests that Cameco is well-positioned to capitalize on increasing demand for nuclear energy. So even with shares up 61% in the last year, there is certainly more to come.

Manulife

Created with Highcharts 11.4.3Manulife Financial PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Next we have Manulife Financial (TSX:MFC), a strong long-term investment for several reasons. Manulife has shown consistent financial strength, with solid earnings and a positive outlook for growth. The company’s market capitalization stands at approximately $66.3 billion, with a price-to-earnings (P/E) ratio of 16.2 and a dividend yield of 4.3%, making it an attractive option for income-focused investors.

Manulife’s strategic expansion into international markets, particularly in Asia, positions it for significant growth. The company’s diversified operations across Canada, the United States, and Asia help mitigate regional risks and capitalize on global opportunities. This diversification is crucial for long-term stability and growth.

When it comes to cash flow, Manulife is a leading dividend payer with a sustainable payout ratio of 70.2%. The company’s ability to maintain and potentially grow its dividend makes it an appealing choice for investors looking for steady income over the long term.

Topicus

Created with Highcharts 11.4.3Topicus.com PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.ca

Finally, for those looking for returns and then some, consider Topicus (TSXV:TOI). The company has a promising long-term outlook as well, primarily from its connection to Constellation Software (TSX:CSU).

Topicus benefits from the support of Constellation Software, a highly successful software company. This backing provides Topicus with additional resources, expertise, and credibility in the market. The relationship with Constellation Software enhances Topicus’s growth prospects and strategic positioning.

Yet on its own, Topicus has demonstrated significant growth, with shares increasing by 51% in the past year. This upward trajectory suggests that the company is well-positioned to continue its growth trend. Analysts have noted that Topicus has much room for further growth, making it an attractive option for long-term investors.

Operating primarily in Europe, Topicus serves diverse markets, offering software solutions that enhance efficiency and business value for customers. Plus, it has shown robust financial performance, with consistent earnings growth. Altogether, even with shares up 20% in the last year, it’s a strong stock for a long-term hold.

Should you invest $1,000 in Cameco right now?

Before you buy stock in Cameco, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Cameco wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $20,697.16!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 29 percentage points since 2013*.

See the Top Stocks * Returns as of 3/20/25

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has positions in Topicus.com. The Motley Fool has positions in and recommends Topicus.com. The Motley Fool recommends Cameco and Constellation Software. The Motley Fool has a disclosure policy.

Confidently Navigate Market Volatility: Claim Your Free Report!

Feeling uneasy about the ups and downs of the stock market lately? You’re not alone. At The Motley Fool Canada, we get it — and we’re here to help. We’ve crafted an essential guide designed to help you through these uncertain times: "5-Step Checklist: How to Prepare Your Portfolio for Volatility."

Don't miss out on this opportunity for peace of mind. Just click below to learn how to receive your complimentary report today!

Get Our Free Report Today

More on Dividend Stocks

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

The 1 Canadian Stock I’d Buy and Hold Forever in a TFSA

This Canadian stock is a strong option for any TFSA, and here's why.

Read more »

Man holds Canadian dollars in differing amounts
Dividend Stocks

Invest $25,000 in These Dividend Stocks for $1,267 in Annual Passive Income

Dividend stocks are strong options, but these two could be some of the best long-term options.

Read more »

investor looks at volatility chart
Dividend Stocks

I’m Adding This 12% Dividend Stock for a Recession-Resistant Portfolio

Despite boasting such a high dividend yield, this 12% dividend yield stock might be an excellent pick to build your…

Read more »

Make a choice, path to success, sign
Dividend Stocks

1 Undervalued TSX Stock Down 51% to Buy and Hold

This TSX stock plunged, but don't count it out, especially at these prices.

Read more »

dividends can compound over time
Dividend Stocks

How I’d Invest $50,000 of TFSA Cash in 2025

If you have $50,000 to invest in a TFSA, here's how to get started.

Read more »

analyze data
Dividend Stocks

Why I’d Focus on Canadian Value Stocks for My Long-Term Portfolio

Canadian value stocks often provide income and growth that makes them great for long-term investing.

Read more »

woman looks at iPhone
Dividend Stocks

Investing $7,000 in Your TFSA? Consider These 2 Canadian ETFs for Retirement Planning

These two Canadian ETFs can be excellent long-term investments to add to your TFSA if you have contribution room available.

Read more »

ways to boost income
Dividend Stocks

Where I’d Invest $5,000 in Canadian Value Stocks During This Market Pullback

For patient, long-term investors, here are three discounted TSX stocks to have on your watch list right now.

Read more »