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The company, which is on pace to produce 23.1 million pounds of uranium this year, ... As a result, uranium prices and Cameco's stock price collapsed as a result. Long-term trends make Cameco a buy.
Even if Wall Street is right about uranium prices, it could still be wrong about Cameco.
One way is to invest in a picks-and-shovels stock like uranium miner Cameco (NYSE: CCJ). That isn't an unreasonable idea, noting that the stock has risen over 120% over the past three years ...
Shares in uranium, nuclear fuels, and services company Cameco Corporation (NYSE: CCJ) rose by 12.6% in October, according to data from S&P Global Market Intelligence.
In the province of Ontario, Cameco operates a uranium refinery in Blind River and a uranium conversion facility in Port Hope, which has faced opposition from some community groups. [13] [14] Cameco is the exclusive fuel supplier to Bruce Power, which supplies 30% of Ontario's electricity through its nuclear generating plant. [15]
A major move by the U.S. government sent Cameco stock soaring in May, and it's now up 75% in one year.
On a weak day for the S&P 500 index, shares of Cameco (NYSE: CCJ) were holding up, rallying 4.9% at their highest point in trading through 1 p.m. ET Thursday. The uranium mining giant reported ...
When uranium prices rise, so does Cameco stock -- and vice versa. ... demand for uranium in late 2023 and early 2024 drove prices of the radioactive metal well past $100 a pound earlier this year.