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Investment Q&A

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Cameco Corporation (CCO)
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Q: What is your Thoughts on just how much potential Cameco has ? Very Positive momentum . I have been trimming on the way up but still believe it is early .

Thanks

Greg

Asked by Greg on January 12, 2024

5i Research Answer:

We think the uranium sector does still have room to run, and CCO is seen as the large cap 'go to' stock for global investors within the sector. It's not perfect (investors don't like its hedging programs) and not cheap on valuation, but EPS could potentially double this year and with good momentum in the sector it probably does go higher.

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