Cameco, reference for uranium investing

30 בספט׳ 2023

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles and assemblies, and zirconium-based reactor components for CANDU reactors. The company offers nuclear fuel processing services. It sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.

Positive:

• Holds more cash than debt on its balance sheet
  
• Consistently increasing earnings per share
  
• Net income is expected to grow this year
  
• Stock generally trades with low price volatility
  
• Has maintained dividend payments for 32 consecutive years
  
• Strong return over the last three months
  
• Profitable over the last twelve months
  

Negative:
Trading at a high earnings multiple