Is Cameco Stock a Buy Now?
Cameco's (NYSE: CCJ) core business is producing what amounts to a commodity. That's an important part of the story when you examine this uranium miner. There's one small problem, however, when you consider the valuation being afforded to Cameco today and the typical things that happen in commodity markets.
According to Cameco's estimates, sometime around 2030, there will be more demand for uranium than there is supply of the nuclear fuel. Currently planned production expansions won't even be enough to maintain current uranium production levels. Roughly 15 years after the shortfall starts, the gap between supply and demand will be huge.
Image source: Getty Images.
Source Fool.com
Cameco Corp. Aktie
98,30 €
-0,93 %
Und Cameco Corp. steht derzeit mit 29 Buy-Einschätzungen und 1 Sell-Einschätzungen bei unserer Community gut im Kurs.
Ein Kursziel von 119 € für Cameco Corp. signalisiert eine potenzielle Steigerung von über 20% gegenüber dem aktuellen Kurs von 98.3 €.
