Professional
Added to YB: 2024-04-02
Pitch date: 2024-04-01
CCJ [bullish]
Cameco Corporation
+131.89%
current return
Author Info
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Company Info
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia.
Market Cap
N/A
Pitch Price
CAD 62.59
Price Target
55.00 (-62%)
Dividend
0.17%
EV/EBITDA
51.78
P/E
95.47
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
growth
Show full summary:
Goldman Sachs: Cameco Corp. - Attractive Exposure to Uranium Supply/Demand Fundamentals Given Integrated Business Across Value Chain; Initiate at Buy
CCJ: Goldman initiates Buy, $55 PT for 30% upside. Sees attractive exposure to nuclear fuel value chain as higher U demand (+14% vs base case) & prices ($95/lb spot, $68/lb realized) drive meaningful estimate revisions. Geopolitics may shift sourcing to Canada/CCJ. 2024-27 EBITDA/EPS 15% above consensus.
Read full article (1 min)