Cameco Corp (CCJ)

For one, uranium is still facing supply-demand issues. Two, it’s racing higher on news Congress passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production, says UtilityDive.com.

“The Russia ban is a big deal. It will shape the nuclear fuel markets for many years to come,” added Jonathan Hinze, president at nuclear market analysis firm UxC, as quoted by Marketwatch.com.

With those catalysts, I’d like to see Cameco closer to $60 a share near term.