#5 - Cameco Corp. (NYSE:CCJ)
Cameco Corp. (NYSE: CCJ) gives investors an opportunity to profit from one of the emerging trends for the next decade. Cameco is the world’s leading provider of uranium which will be essential as the world is warming up to the clean energy benefits of nuclear power. Simply put, for the world to meet the power demands of our existing electric grid combined with the insatiable power demand from AI, there are reasons to like the stability of nuclear energy.
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.
That leads to positive cash flow which keeps its balance sheet healthy and provides returns to shareholders. Analysts forecast earnings growth of over 174% in 2025 and the consensus stock price of $66.56 is providing 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.
Read More - Current Price
- $56.83
- Consensus Rating
- Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $66.56 (17.1% Upside)
