Should You Buy Cameco While It's Below $100?
It has been a banner year for investors in nuclear energy stocks and related exchange-traded funds (ETFs). Over the last year, the Global X Uranium ETF has surged 61%, while uranium miner (NYSE: CCJ) has jumped 81%.
As one of the top miners in North America, Cameco is well-positioned as the U.S. and other countries look to boost domestic production or nearshore it by relying on nearby countries. The company is benefiting from tailwinds and has one added factor that provides upside amid the nuclear build-out.
With the stock down 15% from its October peak and trading under $100 per share, is Cameco a buy? Let's dive into the business and its long-term opportunity to find out.
Source Fool.com
Cameco Corp. Aktie
98,36 €
-0,87 %
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 98.36 €.
