Should You Buy Cameco While It's Below $61?
After the Fukushima nuclear meltdown in Japan in 2011, shares of uranium miner (NYSE: CCJ) fell into a deep rut. It took a decade for it to climb out of the hole, and in 2024, the stock rose toward a high of a little over $60 a share on rising uranium prices.
When uranium prices began falling in February 2024, the stock fell along with it, going as low as the mid-$30s. The stock price eventually recovered and it now trades around $58 a share.
Should investors buy Cameco as it makes a run toward the 25-year-high price of a touch over $60 again?
Source Fool.com
Cameco Corp. Stock
€74.62
-0.160%
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 15.25% for Cameco Corp. compared to the current price of 74.62 €.
