Professional
Added to YB: 2024-08-02
Pitch date: 2024-06-30
CCJ [bullish]
Cameco Corporation
+140.53%
current return
Author Info
No bio for this author
Company Info
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia.
Market Cap
CAD 69.5B
Pitch Price
CAD 49.49
Price Target
N/A
Dividend
0.15%
EV/EBITDA
61.27
P/E
118.16
EV/Sales
19.90
Sector
Oil, Gas and Consumable Fuels
Category
growth
Munro Climate Change Leaders Fund Portfolio Holding: Cameco Corporation
CCJ: Largest Western uranium co. 20M lbs 2023 prod. 49% stake in Westinghouse (nuclear OEM). Nuclear resurgence: 16 US reactors extended, 6 new in E. Europe. Each AP1000 = $2B rev for Westinghouse. 70% uranium from 'East'; Western diversification pressures. US bans Russian enriched uranium 2028. Potential price upside on Russian retaliation. Tier 1 Canadian assets position CCJ well.
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