Cameco (CCJ 2.48%) is a supplier to the nuclear power industry. There appears to be something of a nuclear renaissance taking shape, which positions the company for near-term success.
Cameco (CCJ) reachead $41.81 at the closing of the latest trading day, reflecting a -1.85% change compared to its last close.
Cameco's stock declined due to concerns over China's less energy-intensive AI, impacting the outlook for nuclear-powered data centers, as well as due to the broader market selloff. Despite recent bearish sentiment, the global economy needs more reliable, steady electricity that only nuclear power can provide. My long-term bullish thesis on uranium miners is based on multi-decade global energy trends and the necessity for stable energy sources.
CCJ's YTD share price performance has been unimpressive. Let us find the best strategy for investors now.
The latest trading day saw Cameco (CCJ) settling at $41.83, representing a -0.71% change from its previous close.
It looks like there is a nuclear power renaissance taking place in the United States. That's a good thing for Cameco (CCJ 1.29%), which produces nuclear fuel and offers other nuclear-related services.
Cameco Corporation (NYSE:CCJ ) BMO Capital Markets 2025 Global Metals, Mining & Critical Materials Conference Call February 24, 2025 2:30 PM ET Company Participants Grant Isaac - Executive Vice President and Chief Financial Officer Conference Call Participants Alexander Pearce - BMO Capital Markets Alexander Pearce Right. So next up today, I have the pleasure of welcoming Grant Isaac, Executive VP and CFO of Cameco, was one of the world's leading producers of uranium, conversion and also via fuel – sorry, fuel services and nuclear via its recently acquired Westinghouse acquisition – sorry, struggling to talk.
CCJ shares decline despite delivering better-than-expected results in Q4. Let us analyze what stance investors should take on the stock.
The 200-day simple moving average (SMA) is widely regarded as an important technical signal for traders and investors. The idea is that 200 days represents a full year of trading days, so the 200-day SMA serves as a barometer for overall sentiment for a stock.
The nuclear energy sector is often associated with advanced reactor designs and fusion power, but these overlook the essential role of uranium fuel. Due to a potential uranium supercycle driven by increasing demand and limited supply, uranium mining companies are emerging as a compelling investment opportunity.
Cameco Corporation (CCJ -4.53%) stock, which initially seemed to be moving higher after reporting 2024 earnings yesterday, ended up losing a penny's-worth of stock price. The selling is getting even worse today, and as of 11:05 a.m.
On a weak day for the S&P 500 index, shares of Cameco (CCJ -0.15%) were holding up, rallying 4.9% at their highest point in trading through 1 p.m. ET Thursday.