Investment CautionNow is seen as a great opportunity to take profits in Cameco's shares, as the price objective points to only a 13.5% upside from the recent closing price.
Market ConditionsU3O8 spot seasonality is considered the worst in June and July, and spot prices have been in a descending trend since February.
Market PricesU3O8 spot prices have been in a descending trend channel, creating caution for investors.