CA - Cameco Goes Nuclear

2024-06-02 01:39:53 ET

Summary

• Cameco Corporation's shares have risen 32% since my last article, reaching a market cap of over $24 billion. The 12-month performance is +99%.
• The uranium bull market continues to strengthen due to supply issues, geopolitical decisions, and increasing energy demands from AI applications.
• The resurgence of nuclear energy, supported by government initiatives and tech industry interest, is favorable for Cameco, which benefits from diversification and long-term contracts.

Introduction

The Cameco Corporation ( CCJ ) (CCO:CA) has become a gift that keeps on giving.

I started covering this Canadian uranium miner in November 2022. Since then, I have written five bullish articles, with the most recent being titled "Uranium's Golden Age: Positioning With Cameco" on February 14.

Since then, shares are up another 32%, giving the company a market cap of more than $24 billion. Over the past 12 months, shares are up 99%....

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