What’s the Right Strategy for Investors?
Cameco (CCJ) remains fundamentally strong, supported by the long-term outlook for uranium and its strategic investments in increasing production. As a key player in the global nuclear energy supply chain, the company is well-positioned to benefit from the growing demand for clean energy solutions.
CCJ stock is currently trading at a forward price-to-sales ratio of 15.82, far above the Zacks Mining – Miscellaneous industry’s 1.44. Its Value Score of F also suggests an expensive valuation.
Image Source: Zacks Investment Research
Despite trading at such a premium, Cameco is trading lower than uranium peers, Energy Fuels (UUUU), which is currently trading at a forward price-to-sales ratio of…
