#2 - Cameco Corporation (NYSE:CCJ)
Cameco Corporation (NYSE: CCJ) is the world's largest publicly traded uranium company. Cameco has active mining projects in Canada, the United States, and Kazakhstan, and has additional exploratory projects in Australia.
A distinguishing characteristic of Cameco's business model is that it has a controlling interest in its low-cost mines, which produce high-grade uranium. Additionally, Cameco is recognized for its environmentally friendly way of mining uranium.
Cameco also has a strategic partnership with Brookfield Asset Management Ltd. (NYSE: BAM) that gives the company a 49% interest in Westinghouse Electric Company. This will be a key strategic move as demand for nuclear reactors will likely increase.
CCJ stock is down 3.6% in 2024 but is still up over 60% in the last 12 months and is finding support around its March 12 price of $41.50.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
Read More - Current Price
- $54.33
- Consensus Rating
- Buy
- Ratings Breakdown
- 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $40.25 (25.9% Downside)
