Cameco Ord Shs T.CCO

Alternate Symbol(s): CCJ

Energy

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.

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Cameco Ord Shs

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Post by infocountson Mar 14, 2014 7:57am

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Post# 22321794

Today's Globe and Mail

The long-awaited start of production at Cameco Corp.’s Cigar Lake uranium mine in Saskatchewan has earned the company a substantial price target increase.

“After years of delays and mine re-engineering, Cigar Lake is finally in production,” said Cantor Fitzgerald Canada analyst Rob Chang in a research note.

Cigar Lake is expected to be one of the largest uranium mines in the world and will be a key production driver for Cameco going forward, he noted.

He maintained his “buy” rating and raised his target price to $32.70 (Canadian) from $26.60. The analyst consensus price target is $26.80.

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