Cameco Has Waited Long Enough, Now The Market Comes To Them
Summary
- Cameco remains a buy, offering attractive upside as uranium demand outpaces supply and utilities seek long-term contracts for carbon-free baseload power.
- Our disciplined production strategy, world-class low-cost reserves, and downstream integration position us as the Western supplier of last resort.
- The Westinghouse acquisition expands our reach across the nuclear fuel chain, while our strong balance sheet and cash flow support future growth.
- Valuation is rich, but with earnings poised to grow 50–75% in two years, Cameco offers the best exposure to the nuclear power renaissance.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CCJ over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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