Should You Buy Cameco While It's Below $61?
After the Fukushima nuclear meltdown in Japan in 2011, shares of uranium miner Cameco (NYSE: CCJ) fell into a deep rut. It took a decade for it to climb out of the hole, and in 2024, the stock rose toward a high of a little over $60 a share on rising uranium prices.When uranium prices began falling in February 2024, the stock fell along with it, going as low as the mid-$30s. The stock price eventually recovered and it now trades around $58 a share.Should investors buy Cameco as it makes a run toward the 25-year-high price of a touch over $60 again?Continue reading
After the Fukushima nuclear meltdown in Japan in 2011, shares of uranium miner Cameco (NYSE: CCJ) fell into a deep rut. It took a decade for it to climb out of the hole, and in 2024, the stock rose toward a high of a little over $60 a share on rising uranium prices.
When uranium prices began falling in February 2024, the stock fell along with it, going as low as the mid-$30s. The stock price eventually recovered and it now trades around $58 a share.
Should investors buy Cameco as it makes a run toward the 25-year-high price of a touch over $60 again?
