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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

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.


TSX:CCO - Post by User

Post by retiredcfon Jun 12, 2023 12:57pm
314 Views
Post# 35491766

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What do you think the outlook is for CCO over the next 12 months? Buy sell or hold?

CCO is going to move with the uranium sector, but we think the sector outlook is decent as nuclear energy comes back in favour. The stock is doing well, but remains 'expensive' on earnings. It has $1.5B cash and very strong earnings growth is expected over the next two years. Cash flow is good and the Q1 report was good. We would consider it the safest stock for exposure to the uranium sector. (5iResearch)

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