5 Uranium Stocks Popular on Reddit

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1. Cameco Corporation (NYSE:CCJ)

Number of Hedge Fund Holders: 35     

Cameco Corporation (NYSE:CCJ) produces and sells uranium. In earnings results for the third quarter, posted in late October, the company reported a revenue of $361 million, smashing analyst predictions by $21 million. 

In early November, Bank of America analyst Lawson Winder upgraded Cameco Corporation (NYSE:CCJ) stock to Buy from Neutral and raised the price target to C$40 from C$36.25, noting that the firm could benefit from the role of nuclear energy in decreasing reliance on fossil fuels. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm Kopernik Global Investors is a leading shareholder in Cameco Corporation (NYSE:CCJ) with 8.9 million shares worth more than $194 million.    

You can also take a peek at 10 Best EV Materials Stocks to Buy and 10 Best NFT Stocks to Buy Now.

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