04:53:07 EDT Fri 31 Mar 2023
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or Name

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Cameco Corp
Symbol CCO
Shares Issued 398,436,837
Close 2022-09-12 C$ 39.35
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Globe says Cameco shares are up 43% this year

2022-09-12 09:03 ET - In the News

The Globe and Mail reports in its Saturday, Sept. 10, edition that nuclear power is enjoying a resurgence in popular sentiment, as policy makers pivot toward energy sources that are clean and secure. The Globe's David Berman writes that the rising interest is being driven by long-simmering concerns that have grown significantly more urgent this year. The International Energy Agency estimates that global nuclear power output will double by 2050. Most of this growth will come from developing economies, but the United States, Britain, France and Canada will also expand their nuclear footprints. For investors, these growth projections raise an exciting opportunity. However, it comes with a couple of caveats: Nuclear power faces competition from other sources of energy, including natural gas, wind and solar. As well, the stock market is not oblivious to the rising interest in nuclear. The share price of Cameco has rallied 43 per cent this year and it is up 240 per cent since the start of 2020. The Sprott Physical Uranium Trust has jumped nearly 40 per cent since mid-June. The broad VanEck Uranium + Nuclear Energy exchange traded fund has outperformed the S&P 500 by 20 percentage points this year.

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