Better Buy: Cameco Corporation vs. NexGen Energy
Uranium miners like industry giant Cameco Corp (NYSE: CCJ) continue to struggle with low prices for the nuclear fuel. There are positive developments still taking place in the uranium market, but investors remain downbeat. Cameco's stock is down 7% so far this year and a painful 80% over the past decade. For most investors, though, Cameco is still a better choice than development-stage uranium miner NexGen Energy Ltd (NYSEMKT: NXE).
With one of the leading names in the industry down 80% over the last decade, you have to step back and ask, what's to like about uranium? Nuclear power isn't exactly winning the public relations race. There are plant closures in the United States because of low energy prices. Construction costs and delays have stalled new domestic development. And don't forget the fallout from the Fukushima reactor meltdown in Japan, which has left most of that country's nuclear fleet idled with significant opposition to planned restarts.
Image source: Getty Images.
Source: Fool.com
Cameco Corp. Stock
We see a rather positive sentiment for Cameco Corp. with 6 Buy predictions and 1 Sell predictions.
With a target price of 60 € there is a positive potential of 30.02% for Cameco Corp. compared to the current price of 46.15 €.
