#5 - Cameco Corp. (NYSE:CCJ)
Cameco Corp. (NYSE: CCJ) offers investors a chance to capitalize on a key emerging trend for the next decade: the resurgence of nuclear energy. As the world's leading provider of uranium, Cameco stands to benefit from the growing recognition of nuclear power’s role in meeting clean energy goals. With increasing demand from the current electric grid and the energy-intensive needs of artificial intelligence (AI), nuclear energy's reliability and stability are becoming even more appealing.
In addition to its current reserves, the company is well-positioned with exploration projects that will contribute to future growth. Among those strategic investments is a 49% stake in Westinghouse, a nuclear plant technology company.
This strategic positioning supports positive cash flow, maintaining a strong balance sheet and enabling shareholder returns. Analysts project earnings growth of over 174%, with a consensus price target of $66.56, suggesting an 18% upside for the stock.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
More about Cameco- Current Price
- $44.04
- Consensus Rating
- Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $66.56 (51.1% Upside)
