2024-02-12 10:03:08 ET
Summary
- Despite hedging concerns, I find Cameco appealing for its stability and secure long-term investment potential.
- CCJ's position as the largest uranium miner will continue to make it the go-to stock for institutions.
- CCJ's perceived safety and lower volatility, combined with its undervalued status at less than 14x forward EBITDA, make it an attractive stock.
Investment Thesis
Cameco Corporation ( CCJ ) is not a blemish-free stock. The drawback to this investment is that Cameco has hedged its production for the coming years....
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Cameco Earnings: Outlook For 2024 Is Strong