Headquartered in Saskatchewan, Canada, Cameco is one of the world’s largest providers of Nuclear fuel with a market capitalisation of US$12.3bn. Uranium sales make up around 70% of their earnings with their associated services make up the rest, however it’s their asset base that underpins their valuation and they are well positioned to take advantage of the worlds push into cleaner energy.
- Shares have consolidated for nearly two years, with an upside breakout looking likely. This provides a positive read-through for Australian uranium stocks.
MM is bullish CCJ US, anticipating a breakout
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