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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 ...
As a result, uranium prices and Cameco's stock price collapsed as a result. Long-term trends make Cameco a buy. ... if you invested $1,000 when we doubled down in 2009, you’d have $368,053!*
Talvivaara would then pay back the initial construction costs in the form of uranium concentrate; once the initial costs were paid Cameco would continue to purchase the uranium concentrate at a pricing formula based on market price on the day of delivery. [6] In 2012, it acquired a nuclear fuel intermediary, Nukem Energy. [7]
CCJ Chart. CCJ data by YCharts. Not only did the price of uranium plunge, but countries around the world reconsidered their commitment to nuclear power. Germany decided it wanted out of the ...
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.
The uranium miner's revenue, in fact, shot up by 40% year over year in the fourth quarter and 21% in the full year, driven primarily by higher prices. Cameco's average realized price rose 17% to ...
Shares of all the biggest uranium mining stocks are selling off today in response, with Denison Mines (NYSEMKT: DNN) down 9% through 10:30 a.m. ET, Uranium Energy (NYSEMKT: UEC) falling 10.1%, and ...
A major move by the U.S. government sent Cameco stock soaring in May, and it's now up 75% in one year.