Should You Buy Cameco While It's Below $124?
Uranium producer (NYSE: CCJ) has a strong history. However, the current stock price is in uncharted territory. The stock is trading very close to its all-time high of roughly $124 per share. Should you jump in while it is trading just under that price? Here are some things to consider before making your final investment decision.
Cameco is tied at the hip to the nuclear power industry. However, the company doesn't produce power; it is an industry supplier. Historically, it has mined for and processed uranium. It still does this, but it recently bought half of Westinghouse, which provides services to the nuclear power industry. Still, as Cameco stands today, it is a pick-and-shovels play on nuclear power.
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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 99.0 € for Cameco Corp., so the potential is actually -3.03%.
