- Uranium producer Cameco (NYSE:CCJ) is emerging as a rare bright spot among Canada’s largest mining companies on signs nuclear power is shaking off its post-Fukushima slump, according to a Bloomberg analysis.
- The U.S. and Japan appear to be renewing their commitment to nuclear power, as the U.S. plan to cut carbon emissions from power plants may support new reactors and this week's restart of a Kyushu Electric plant this week highlights a drive to get more atomic stations online in Japan.
- CCJ’s "underlying commodity price isn’t falling off a cliff like it is for all these other producers,” Raymond James analyst David Sadowski says, as uranium futures have climbed 18% in the past year while the benchmark price for steelmaking coal has fallen 23% and gold futures have fallen 14%.
- "If you’re enthusiastic about uranium, Cameco is the go-to stock," says money manager Greg Eckel, adding that “it's liquid, well known and is in the kind of places where you probably want to be” such as Canada, Kazakhstan, the U.S. and Australia.