Cameco Stock Is Down 36% From Its All-Time High. Here’s What Needs to Happen to Make It a Buy
Shares of uranium miner Cameco (NYSE: CCJ) are down nearly 26% over the last six months — and 36% off their all-time high. At the same time, uranium trades at a price that, outside of a few temporary spikes, it has never traded at previously.
So why is the premier nuclear company’s stock performing so badly, and is this a buying opportunity?
The end market environment is excellent for Cameco. There’s no shortage of interest in investing in small modular reactors (SMRs), and hyperscalers continue investing in nuclear power to ensure a reliable long-term supply for their artificial intelligence data centers.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.