Uranium Stocks Plunge (CCJ) (DNN) (URRE) (UEC) (URZ)

March 14, 2011 10:02 AM EDT
Uranium stocks are plunging today as the nuclear crisis in Japan creates tremendous headline risk for the sector.

Cameco (NYSE: CCJ) Down 17%
Denison Mines (AMEX: DNN) Down 21%
Uranium Resources (NASDAQ: URRE) Down 19%
Uranium Energy (AMEX: UEC) Down 17%
Uranerz Energy (AMEX: URZ) Down 21%

In a downgrade of Cameco this morning, TD Newcrest said, "The ongoing nuclear emergency in Japan and the attendant uncertainty have prompted us to take a more cautious view towards Cameco. We have lowered our target price and our recommendation to HOLD pending greater visibility into the extent and impact of the nuclear crisis in Japan."


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