Diving into one Canadian and one U.S.-based uranium stock that investors should consider buying now and holding for the long haul as they help fuel the new nuclear power age.
Russia could restrict uranium exports. That could dent supply and help uranium prices recover.
Cameco (CCJ) reachead $37.04 at the closing of the latest trading day, reflecting a +0.22% change compared to its last close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
North American investors jumped back into uranium stocks like Cameco after Kazakhstan reported lower uranium production guidance, signaling potential supply shortages. Cameco remains a strong nuclear energy proxy with top-tier assets, strategic partnerships, and solid financials, poised to benefit from growing global demand. Despite high valuation, expected earnings growth, potential supply shortages, and geopolitical tensions support a bullish long-term outlook for Cameco and the uranium sector.
Kazakhstan's Kazatomprom announced a huge cut in uranium production for 2025. Uranium prices are down more than 20% from their peak earlier this year, but still above the $60 mark.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Cameco Corp. has the world's largest high-grade reserves and is a low-cost producer of uranium, with investments in nuclear energy. Second Quarter 2024 financial results show strong operational performance, with revenue up 24% year-over-year. Cameco's stock price has been under pressure of late but the worst could be over.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Cameco Corporation (CCJ) Q2 2024 Earnings Call Transcript
It's time to buy and hold long-term uranium stocks. For one, the supply-demand situation is only getting worse.
Cameco's (CCJ) second-quarter results are likely to reflect gains from higher sales volumes and average realized prices as well as contribution from the Westinghouse acquisition.