Uranium stocks are in focus following a high-profile warning from mining giant Kazatomprom, which earlier this month cut its production forecast due to a sulphuric acid shortage coupled with construction delays. This news follows a commitment by world leaders at the COP28 climate conference to invest heavily in nuclear energy – of which uranium (UXU24) is a critical component.
Against this backdrop, here’s a closer look at three “strong buy”-rated uranium stocks that Wall Street analysts believe have plenty of upside potential yet to come.
Uranium Stock #1: Cameco Corp
Valued at $18.37 billion by market cap and based out of Canada, Cameco Corporation (CCJ) is one of the largest uranium producers globally. The stock has been a strong performer over the past year, up 46.7%.
Cameco is no small fry; they dig up about 18% of the world’s uranium, mainly from their top-notch mines in Canada’s Athabasca Basin. Late last…
