Is Cameco Stock a Buy Now?
The uranium miner's stock is slipping as interest rates rise.
Overview
Cameco (NYSE: CCJ), a Canada-based company, mined about 15% of the world's uranium in 2025. That makes it the second-largest uranium miner after Kazakhstan's Kazatomprom. It's also a bellwether and linchpin of the nuclear energy market.
Cameco, like its industry peers, struggled for about a decade after the 2011 Fukushima disaster prompted many countries to throttle or halt their nuclear projects. But over the past few years, the nuclear energy industry recovered -- thanks to new decarbonization initiatives, safer nuclear technologies, and the growth of the power-hungry cloud infrastructure and AI markets.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.