Where Will Cameco Be in 5 Years?
Exciting changes are on the horizon for the nuclear power industry. On May 23, U.S. President Donald Trump signed four executive orders aimed at revamping the Nuclear Regulatory Commission (NRC) and speeding up the development of new nuclear facilities. These transformative orders are set to streamline the licensing process for new reactors and boost domestic uranium production.
(NYSE: CCJ), a top player in uranium mining, saw its stock soar by 11% the day after the announcement, and tailwinds could propel it higher in the coming years. Here's what to watch from Cameco and the broader uranium sector over the next five years.
Image source: Getty Images.
Source Fool.com
Cameco Corp. Stock
€76.65
-1.670%
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 12.2% for Cameco Corp. compared to the current price of 76.65 €.
