Is Cameco Stock the Best Way to Invest in Uranium?

Is Cameco Stock the Best Way to Invest in Uranium?

Investing in commodities can be a risky proposition, especially if you have little knowledge about this asset class. Generally, commodities are cyclical, as the prices depend on supply and demand, making them highly volatile in the short run. This year, the price of uranium has surged higher, which means companies that mine this commodity have seen a significant spike in their stock prices. According to a report by Market Insider , the spot price of uranium has risen by 65.5% year to date, making it one of the hottest commodities in the energy sector. Does this make Cameco (TSX:CCO) (NYSE:CCJ) stock a top bet right now? Cameco stock is up close to 60% in 2021

One of the best-performing stocks on the TSX this year has been Cameco, which has gained 58% year to date at the time of writing. Cameco produces and sells uranium. It operates in […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet