1 Incredible Reason to Buy Cameco Stock Before Nov. 5

If you're focused on rare earth metals like lithium or cobalt, it might be time to look at uranium. Cameco (NYSE: CCJ) is one of the world's premier uranium suppliers, and it just delivered a blowout earnings beat. And with uranium demand expected to surge in the coming decade, Cameco might have more upside ahead.To understand the big moment Cameco is having, we need to step back and understand what Cameco does. It mines and processes uranium. The majority of its revenue comes from long-term contracts supplying "yellowcake" (uranium concentrate) to utilities worldwide. As such, when demand for uranium goes up, Cameco's top-line growth typically follows.Yellowcake packaged in a steel drum at Cameco's Rabbit Lake facility. Image source: Cameco.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool