Cameco Stock Down to Below $90 -- Is Now the Time to Buy?

Cameco's stock has fallen below $90 from a 52-week high of $135.24, presenting a potentially cheaper entry point for investors. While recent operational challenges and lower Q2 earnings have pressured the stock, the company's long-term uranium supply contracts, 49% stake in Westinghouse, and exposure to growing nuclear demand remain strategically sound. The pullback improves valuation for those bullish on nuclear expansion, though the stock still commands a premium.