Uranium is down. Why should investors check out the largest uranium mining company in the world?
In this segment of Investor Beat, Chris Hill and Taylor Muckerman look at Cameco Corporation and why it's Taylor's stock to watch.
Even though uranium is down, Taylor suggests this might be the right time to invest in uranium mining as demand will be going up. In fact, 25 to 26 nuclear reactors are currently under construction in China, resulting in 40% of global totals. He also notes that Japan may start turning some of its reactors online, and supplies of uranium taken from nuclear weapons are dwindling. Overall, Taylor sees the supply and demand for uranium in the next couple of years as a reason for liking Cameco.
Chris Hill and Taylor Muckerman have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.