Cameco Corporation Stock Continues to Climb. But Is the Growth Path Sustainable?
Cameco's (NYSE: CCJ) share price has roughly doubled in value over the past year. Much of that gain has taken place since a rally started in April. Can Cameco's shares continue to rocket higher, or should investors be worried about the potential for a deep pullback? Here's a look at each side of the investment coin.
Cameco serves the needs of the nuclear power industry, providing it with the fuel needed to power reactors and services to support those reactors. Right now, this is a very attractive place to be. There's a step change taking place in the demand for electricity, and always-on nuclear power is a perfect complement to intermittent power sources like solar and wind power.
Image source: Getty Images.
Source Fool.com
Cameco Corp. Stock
€72.95
-1.730%
The stock is one of the favorites of our community with 30 Buy predictions and 1 Sell predictions.
With a target price of 86 € there is a slightly positive potential of 17.89% for Cameco Corp. compared to the current price of 72.95 €.
