Is Cameco Stock a Buy Now?
(NYSE: CCJ) is a well-run business. It produces and processes uranium into the fuel that is used by nuclear power plants. And through its 50% acquisition of Westinghouse, it also provides services to the nuclear power industry. If you are interested in nuclear power, Cameco is a solid pick-and-shovel play on the sector. Is that enough to make Cameco worth buying?
As noted, Cameco is a supplier to the nuclear power industry. However, it is important to understand what that really means before you buy the stock. The Westinghouse acquisition, which is a relatively small part of the overall business today, generally provides a consistent revenue stream. It was added to the company's portfolio to smooth its revenue and earnings.
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Source Fool.com
Cameco Corp. Stock
The stock is one of the favorites of our community with 32 Buy predictions and 1 Sell predictions.
On the other hand, the target price of 96 € is below the current price of 101.16 € for Cameco Corp., so the potential is actually -5.1%.
