Is Cameco Stock a Buy Now?
Nuclear energy is experiencing a resurgence, and Cameco (NYSE: CCJ) is well positioned for the renewed interest. Since the beginning of the year, the stock has surged by 46%, fueled by a wave of investor optimism surrounding the future of nuclear power.
As nations seek to secure their energy needs, the role of nuclear power is becoming increasingly pivotal. Not only is nuclear a reliable source of energy, but it stands out as a cleaner-burning fuel that can meet the growing demands of our artificial intelligence (AI)-driven data centers.
If you're considering jumping on the Cameco train, let's dive into the stock and the investment opportunity it presents.
Source Fool.com
Cameco Corp. Stock
€65.83
0.470%
With 20 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 69 € shows a slightly positive potential of 4.82% compared to the current price of 65.83 € for Cameco Corp..
