Reported about 10 hours ago
Cameco, a major uranium producer, faces a projected supply-demand imbalance in uranium starting around 2030, which could lead to rising prices. However, its stock has surged 240% in the past three years, reaching near all-time highs, making it appear expensive at a price-to-book ratio of 7.3. While nuclear power's appeal as a clean energy source is growing, the high valuation and potential risks associated with nuclear energy raise concerns for risk-averse investors. Consequently, while there are optimistic views about uranium, the stock's premium pricing makes it potentially a less attractive buy right now.
Source: YAHOO