Better Buy: Cameco Corporation vs. Teck Resources
Uranium miner Cameco Corp (NYSE: CCJ) is still struggling through a pricing downturn for the nuclear fuel. Diversified miner Teck Resources Ltd (NYSE: TECK) has benefited from rebounding commodity prices and is set to further diversify its business this year. Which miner is right for you depends on your risk appetite, but most investors should probably stick with the company that's spreading its bets.
If you are looking for exposure to the nuclear fuel uranium, then don't bother with Teck -- the miner has no exposure to that commodity. For uranium Cameco Corp is the right choice. And it's not a bad option if that's what you want. For example, despite uranium prices hitting a 12-year low in 2016, from which they have yet to really recover, Cameco's balance sheet remains in rock solid shape.
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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 26.93% for Cameco Corp. compared to the current price of 47.27 €.
