UEC - Cameco: Mounting Evidence This Is Going Higher
2024-05-20 11:06:25 ET
Summary
- Uranium's vital role in future energy is undeniable, particularly in meeting the demands of a transitioning world economy towards sustainability.
- Cameco Corporation stands out as a promising investment opportunity, leveraging its position as a leading Western uranium miner.
- Despite temporary setbacks like Q1 2024's revenue decline, government support bolsters its long-term growth trajectory.
Investment Thesis
Cameco Corporation ( CCJ ) is still undervalued, even now. As you'll soon see, this pitch isn't blemish-free. After all, CCJ hedges out a significant amount of its production, meaning that even as uranium prices continue to tick higher, CCJ will not benefit as much as some of its unhedged peers....
Cameco: Mounting Evidence This Is Going Higher