Is Cameco Corp. a Good Uranium Stock to Add to Your Portfolio?

Investing.com | Sep 14, 2021 at 9:05 AM
  • The price of shares of the world’s largest uranium producer, Cameco Corporation (NYSE:CCJ), has gained in triple digits over the past year with institutional and retail investors’ growing interest in the commodity.
  • The company has a licensed capacity to produce 53 million pounds of uranium annually because its operations are backed by 455 million pounds of proven and probable mineral reserves.
  • With major economies investing heavily to increase renewable energy production in lieu of fossil fuels, CCJ is poised to emerge as a major supplier of uranium globally.