Should You Buy Cameco While It's Below $90?
It's been quite an exciting ride for investors in (NYSE: CCJ), who have seen the stock rise 63% this year and more than 251% over the past three years. As the world once again embraces nuclear energy, Cameco is one uranium company that stands to benefit.
The U.S. government is making an effort to "unleash American energy." It's investing heavily in nuclear infrastructure and streamlining the approval process to meet the country's soaring energy demands.
Cameco's stock has recently pulled back from its 52-week high and is now 24% below that level, trading under $90. With nuclear energy having a revival, is the stock a smart buy at this price? Let's examine the company and its long-term opportunities to find out.
Source Fool.com
Cameco Corp. Stock
€101.28
5.140%
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 101.28 € for Cameco Corp., so the potential is actually -5.21%.
