Ukraine war has brought about a complete 180 change in the uranium market. Prices have increased. Good things in store, should triple EPS this year. PE looking forward looks sensible. Westinghouse venture is smart.
Chart shows a very powerful pattern in technical analysis. Bumped up against resistance 3 times. Lows are going higher, which means that investors have been buying more aggressively each time. The leader, pushing higher. Fundamental reasons for that push. No dividend.
(Analysts’ price target is $48.10)Two very different beasts in the same industry. NXE will probably have the next project built in Canada. CCO is the granddaddy of traditional mining. Buy NXE if you're looking for the rerate, but with it comes risk. Doesn't see an issue getting fully financed, but then comes execution. Track record for things going according to plan is not great for mining.
CCO is your best way to get exposure to uranium, which is undergoing a renaissance. Predictability, bit of a dividend, real upside from today's uranium price.
Interesting, because the world is looking at nuclear power again, so Cameco can benefit. Cameco signed a deal with Brookfield to manage nuclear businesses--they're diversify, which is good. Will benefit from trend for smaller nuclear plants.
Uranium is a good transition fuel.
Believes business prospects good (short term).
Long term prospects for business not as good (renewables better option).
View on uranium has totally changed over the last couple of years. Energy transition is very difficult to do without something like uranium. Spot pricing probably less volatile than oil or gas. From time to time, disappoints on the quarter. Westinghouse servicing component gives them more vertical integration and cashflow stability, lowers risk profile. Go-to name, but valuation has come up so he's leery.
Cameco Corporation is a Canadian stock, trading under the symbol CCO-T on the Toronto Stock Exchange (CCO-CT). It is usually referred to as TSX:CCO or CCO-T
In the last year, 23 stock analysts published opinions about CCO-T. 20 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Cameco Corporation.
Cameco Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Cameco Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
23 stock analysts on Stockchase covered Cameco Corporation In the last year. It is a trending stock that is worth watching.
On 2023-06-09, Cameco Corporation (CCO-T) stock closed at a price of $41.05.
The long term uranium contracting prices are very robust. It is expensive at 35 X 2024 earnings but the growth rate is 56% so the price to growth is still good.