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.

As of 12:50 p.m. EDT Wednesday, shares of uranium mining company Cameco (NYSE: CCJ) surged 8.5%, followed in close succession by Uranium Energy (NYSEMKT: UEC), up 7.6%; and Uranium Royalty Corp (NASDAQ: UROY), up 4.9%. 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 […]

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