Company
TSE:CCO
Cameco is the world's largest uranium producer accounting for 19% of world production from its mines in Canada and the US. Cameco has more than 500 million pounds of proven and probable reserves and extensive resources. Cameco holds premier land positions in the world's most promising areas for new uranium discoveries in Canada and Australia as part of an intensive global exploration program. Cameco is also a leading provider of processing services required to produce fuel for nuclear power plants, and generates 1,000 MW of clean electricity through a partnership in North America's largest nuclear generating station located in Ontario, Canada.
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Analysts at Cantor Fitzgerald have increased their long term price forecast for uranium by 10 dollars per pound after positive news from Japan that two more nuclear reactors are expected to receive safety approvals next week.
