Stock price when the opinion was issued
Technical structure has been very strong. 200-day MA trending higher. Stock's trading right at that 200-day, which could provide support. Fell off on the DeepSeek buzz (if not as much energy is needed, maybe not as much uranium is needed either) -- quite a stretch. Long term, makes a lot of sense. Expensive valuation.
Best way to participate in Uranium them. Believes Uranium prices will continue to rise. Recent weakness in Uranium prices has created buying opportunity. Owns large portion of Westinghouse - manufacture of nuclear related assets. Excellent growth prospects. Dividend continues to rise with earnings. Capital discipline with strong balance sheet.
CCO has had three broker target price downgrades in April. In addition, the uranium sector has been weak as investors consider whether Russian exports will be allowed to resume if there is some resolution to the Ukraine War.
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He and his team are secular bulls on the nuclear renaissance. Cheap and clean. Has second-largest stock of uranium in the world. Utilities that buy uranium are like deer in the headlights right now on uncertainty of whether Washington will broker a truce with Russia on Ukraine, bringing Russian uranium back online.
Came off quite significantly between December and March. Previous high was ~$85; the 50% retracement takes us to $72.50. This is where we saw some resistance in early February. Hard to say if it would get to $80. Usually, if there's a move in a stock, the countermove can often be about half of that.