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As a result, uranium prices and Cameco's stock price collapsed as a result. Long-term trends make Cameco a buy With that said, longer-term trends favor the industry.
The IEA report was a boon to nuclear stocks across the board, including Cameco, Oklo, and Nano. Cameco is banking on strong uranium prices. Cameco is one of the largest uranium producers in the world.
However, even before the Alphabet announcement, analysts were turning bullish on uranium prices, with Bank of America predicting prices would hit $135 a pound in 2026. Cameco generally sells its ...
On the good side, generally improved uranium prices in 2024 helped Cameco grow its sales 25% to $721 million. On the bad side, those sales weren't particularly profitable for Cameco.
Supply constraints and rising demand for uranium in late 2023 and early 2024 drove prices of the radioactive metal well past $100 a pound earlier this year. But the rally faded in March, leading ...
Shares of Canada-based uranium miner Cameco (NYSE: CCJ) are sizzling. The uranium stock surged 17.5% in September, according to data provided by S&P Global Market Intelligence, and continues to ...
In 2016, Cameco suspended operations at its Rabbit Lake mine, due to low uranium prices. [8] In 2017, it suspended operations for at least 10 months at its McArthur River mine and Key Lake mill, [ 9 ] converting that to an indefinite shutdown in 2018 involving the layoff of about 700 staff.
It's been another good week for the nuclear energy sector, and one of the best pure-play stocks, Cameco (NYSE: CCJ), enjoyed a 10.4% rise in the week to Friday morning.