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 ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Cameco (CCJ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Cameco currently has an average brokerage recommendation (ABR) o ...

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. Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is the world's largest publicly traded uranium miner. It provides a significant po ...

With news that the Russians opened another front in its belligerence against Ukraine, it's clear that energy stocks to buy need to rise to the forefront. Geopolitically, the narrative is only becoming more intense, with fears rising that global supply chains could be disrupted. It's not a far-fetched concept. Before Congress approved an import ban on Russian-sourced uranium, concerns existed that the Kremlin could choose to cut supplies of the critical energy resource to the U.S. and Western nations. With t ...

FN Media Group News Commentary PALM BEACH, Fla., May 7, 2024 /PRNewswire/ -- An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium.  The report said: "Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosti ...

Uranium specialist Cameco (NYSE:CCJ) has struggled in recent sessions as investors digested its latest financial results. While the print was somewhat downcast, the market appears to be ignoring the broader positive backdrop. Therefore, CCJ stock could be a higher-risk, higher-reward contrarian bullish opportunity.On Tuesday, the uranium producer reported a net loss of $7 million in the first quarter. The comparison to the year-ago quarter’s $119 million profit was rough. Further, sales declined to $634 mil ...

Company Participants Operator Rachelle Girard I'm going to hand it over to Tim in just a moment to briefly discuss the momentum that continues to build behind nuclear energy and how the continued execution of our strategy and transition back to our Tier 1 cost structure has positioned us to benefit from the tailwinds. After, we will open it up for your questions. Today's call will be approximately 1 hour, concluding at 9:00 a.m. Eastern Time. the media. During the Q&A session, please limit yourself to two q ...

In the latest trading session, Cameco (CCJ) closed at $49.16, marking a +0.82% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.46% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.The uranium producer's shares have seen an increase of 14.16% over the last month, surpassing the Basic Materials sector's loss of 1.93% and the S&P 500's loss of 3.04%.Market participants will be closely following the financial results of Cameco in ...