04:57:57 EDT Fri 31 Mar 2023
Enter Symbol
or Name

Login ID:
Cameco Corp
Symbol CCO
Shares Issued 398,289,260
Close 2022-03-15 C$ 31.96
Recent Sedar Documents

Int'l Speculator says continue to hold Cameco

2022-03-15 20:52 ET - In the News

The International Speculator, in its Feb. 24, 2022, edition, says continue to hold Cameco Corp. (recently $28.51). The newsletter said buy the big uranium player five times between Dec. 15, 2010, and Sept. 21, 2018, at prices ranging from $9.64 to $38.40. Assuming an investment of $1,000 for each of the five buys, the $5,000 holding is worth $7,342. The writer notes that on Feb. 9, Cameco announced that it was restarting its McArthur River uranium mine in Northern Canada. Cameco previously idled McArthur after the bottom fell out of the uranium market. With the price now back above $40 (U.S.) a pound, the company plans to increase production steadily through 2022. The writer says that this is major sign of recovery in the uranium market. Uranium stocks have been active with prices rising; Cameco itself jumped 14 per cent the day it announced the McArthur restart. Even better for investors, he adds, the company plans boost its dividend 50 per cent for this year. The writer tallies the Speculator's position as being up 133 per cent, and he figures the action in uranium is just starting.

© 2023 Canjex Publishing Ltd. All rights reserved.