Cameco (CCJ) closed the latest trading day at $50.49, indicating a +0.9% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%. Heading into today, shares of the uranium producer had lost 7.56% over the past month, lagging the Basic Materials sector's loss of 4.96% and the S&P 500's gain of 3.22% in that time. Market participants will be closely following the fi ...

With thousands of companies listed in the stock market, finding the right ones to buy becomes a challenge. It is why many investors trade on rumors picked up in internet stock chatrooms. Just look at the meme stock trading frenzy from a few years ago (or last month even). Yet, investors have a better tool at their disposal. Wall Street routinely rates stocks on whether they deserve a spot in your portfolio. It is true analysts can be conflicted and push shares of companies their firms are underwriting but m ...

NuScale Power is developing modular nuclear reactors, but it has yet to build one. There are lower-risk ways to invest in nuclear power. NuScale Power (SMR 5.36%) is an interesting company if you think nuclear power is going to be a key form of clean energy in the future. There's just one "minor" problem: The company doesn't have a functioning product yet. If you like the idea of nuclear power, but prefer to own companies that are more developed, then you might want to consider Cameco (CCJ -1.25%) or The So ...

Cameco (CCJ) ended the recent trading session at $52.92, demonstrating a +0.92% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.23% gain on the day. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, added 0.34%. Prior to today's trading, shares of the uranium producer had gained 4.94% over the past month. This has outpaced the Basic Materials sector's loss of 2.98% and the S&P 500's gain of 3.96% in that time. Analysts and investors alike will be keeping a ...

When uranium prices rise, so does Cameco stock -- and vice versa. Cameco Corporation (CCJ -5.00%) stock slipped 4.9% through 1:15 p.m. ET this afternoon, and it's not too hard to figure out why. 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 to a steep sell-off. Uranium prices have bounced around the mid-$80 range ever since -- and recently began to slide furthe ...

A major move by the U.S. government sent Cameco stock soaring in May, and it's now up 75% in one year. Shares of uranium giant Cameco (CCJ 1.20%) popped 21.7% in May, delivering their best month yet in 2024, according to data provided by S&P Global Market Intelligence. The stock hit a 52-week high on May 31. Interestingly, Cameco stock fell sharply on the last day of April after reporting an 8% year-over-year drop in revenue and a large loss for the first quarter. But there's more to the nuclear energy stoc ...

With the world fighting to go green, uranium stocks to buy could blast higher. Not only is uranium seeing significant supply-demand issues, but a recent Congressional ban of Russian uranium imports is also fueling upside. In fact, Congress just passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production. In addition, according to MarketWatch.com, “A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices b ...

Petmal Investment Thesis Cameco Corporation (NYSE:CCJ) is still undervalued, even now. As you'll soon see, this pitch isn't blemish-free. After all, CCJ hedges out a significant amount of its production, meaning that even as uranium prices continue to tick higher, CCJ will not benefit as much as some of its unhedged peers. Nevertheless, CCJ is well poised to continue moving higher into 2025. According to my estimates, CCJ is priced at 37x forward EBITDA, which is a very fair multiple for a company that is t ...

Good news: Cameco is benefiting from a boom in nuclear fuel demand. Bad news: Its price has already gone up a lot. Shares of Canadian nuclear fuel producer Cameco (CCJ 6.48%) were up 6.1% through 11:45 a.m. ET on Friday, helped by a decision by the U.S. government. As Bloomberg reported yesterday, the government wants to buy $3.4 billion worth of nuclear reactor fuel and is soliciting bids from uranium miners. Cameco, the biggest publicly-traded pure play on uranium production, is a logical beneficiary. Why ...

Some cheap energy stocks for investors to consider buying in May this year. Framing this article is that the G7 countries have agreed to phase out unabated coal power plants by 2035, with some flexibility for nations heavily reliant on coal. This marks a significant milestone in the global effort to reduce greenhouse gas emissions and limit global warming. The decision comes as the U.S. Environmental Protection Agency has set new rules requiring coal-fired power plants to either capture nearly all of their ...