Is Cameco a Millionaire Maker?
Nuclear power appears to have entered a period of renewed demand. That's exciting news, but how should an investor play it? One way is to invest in a picks-and-shovels stock like uranium miner (NYSE: CCJ). That isn't an unreasonable idea, noting that the stock has risen over 120% over the past three years, handily beating the S 500 index's roughly 35% gain over that same span.
Here's what you need to know before you jump aboard that train, however, because you'll probably want to temper your millionaire-maker dreams a bit.
From a high level, Cameco mines for and processes uranium into fuel that can be used by nuclear power plants. There actually aren't that many companies that do this and Cameco is one of the largest publicly traded options you can buy.
Source Fool.com
Cameco Corp. Stock
With 28 Buy predictions and 1 Sell predictions Cameco Corp. is one of the favorites of our community.
As a result the target price of 119 € shows a slightly positive potential of 16.04% compared to the current price of 102.55 € for Cameco Corp..
