The Top Stock to Consider in Uranium Now
The uranium that Cameco Corp (NYSE: CCJ) mines is the fuel that powers nuclear reactors. Nuclear power has a bad rap thanks to a small number of high-profile disasters, and that's led to a supply/demand imbalance that has pushed uranium prices to multi-year lows. Cameco is the top stock to consider buying in uranium now, however, because it has the financial strength to make it through this downturn.
U 235 is an unstable version of the element uranium. To greatly simplify a very complex process, this means that U 235 can be broken split relatively easily to create energy and a more stable version of itself (U 238, which is far more common in nature). This is called nuclear fission, and it's what powers nuclear bombs and nuclear electric power plants. When fission is controlled it's a very safe and reliable way to generate electricity. Uncontrolled fission reactions are, to put it mildly, very dangerous.
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Source: Fool.com
Cameco Corp. Stock
With 6 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 60 € shows a positive potential of 30.92% compared to the current price of 45.83 € for Cameco Corp..
