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Should You Buy Cameco While It's Below $61?
CCJCameco(CCJ) The Motley Fool·2025-06-01 17:25

After the Fukushima nuclear meltdown in Japan in 2011, shares of uranium miner Cameco (CCJ -1.08%) fell into a deep rut. It took a decade for it to climb out of the hole, and in 2024, the stock rose toward a high of a little over 60ashareonrisinguraniumprices.WhenuraniumpricesbeganfallinginFebruary2024,thestockfellalongwithit,goingaslowasthemid60 a share on rising uranium prices.When uranium prices began falling in February 2024, the stock fell along with it, going as low as the mid-30s. The stock price eventually recovered and it now trades around $58 a share.Should investors buy Cameco as it makes a run toward the 25 ...