Should You Buy Cameco While It's Below $61?
After the Fukushima nuclear meltdown in Japan in 2011, shares of uranium miner (NYSE: CCJ) fell into a deep rut. It took a decade for it to climb out of the hole, and in 2024, the stock rose toward a high of a little over $60 a share on rising uranium prices.
When uranium prices began falling in February 2024, the stock fell along with it, going as low as the mid-$30s. The stock price eventually recovered and it now trades around $58 a share.
Should investors buy Cameco as it makes a run toward the 25-year-high price of a touch over $60 again?
Source Fool.com
Cameco Corp. Stock
€66.31
1.250%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
With a target price of 69 € there is a slightly positive potential of 4.06% for Cameco Corp. compared to the current price of 66.31 €.
