Why Cameco, Uranium Energy, and Uranium Royalty Stocks Are Glowing Green

Why Cameco, Uranium Energy, and Uranium Royalty Stocks Are Glowing Green

What happened

Uranium prices are in a funk — down 12% over the past week, and down 15% from their recent highs of mid-September — but don’t try to tell that to uranium investors.

surged 8.5%, followed in close succession by Uranium Energy ( NYSEMKT:UEC ), up 7.6%; and Uranium Royalty Corp ( NASDAQ:UROY ), up 4.9%. Image source: Getty Images. So what

What’s got uranium investors all hot and bothered today? In a word: Cameco — and the upgrade that uranium stock just received from Bank of America .As TheFly.com reports today, BofA upped its rating on Cameco stock from neutral to buy, and raised its price target on the shares to 40 Canadian dollars (about $32.23). That’s about 18% above where Cameco stock trades right now.As the analyst explained, Cameco hasn’t been a particularly strong profits performer lately. (In fact, S&P Global Market Intelligence data show that it […]

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