Why Cameco, Ur-Energy, Uranium Royalty, and Uranium Energy Stocks Are Soaring Today
Uranium stocks are ending the week on a strong note, with shares of Cameco (NYSE: CCJ) stock up 5.8% through 10 a.m. ET and smaller rivals Ur-Energy (NYSEMKT: URG), Uranium Royalty (NASDAQ: UROY), and Uranium Energy (NYSEMKT: UEC) doing even better -- up 8.2%, 9.9%, and 12.7%, respectively.
And all four of these nuclear stocks have just one company to thank for their rallies: Kazakhstan's Kazatomprom.
As The Financial Times pointed out this morning, Kazatomprom (literally an abbreviation of "Kazakhstan atomic industry") is the world's largest producer of uranium for nuclear power. Problem is, it's planning to become a smaller producer of uranium as early as next year.
Source Fool.com
Cameco Corp. Stock
€36.93
2.240%
Cameco Corp. is currently one of the favorites of our community with 12 Buy predictions and no Sell predictions.
With a target price of 56 € there is a hugely positive potential of 51.64% for Cameco Corp. compared to the current price of 36.93 €.
