Top Uranium Stock in the World Could Be Greatly Undervalued

Top Uranium Stock in the World Could Be Greatly Undervalued

Cameco (TSX:CCO) (NYSE:CCO) is one of the largest uranium producers in the world based out of Canada and could be significantly undervalued at current market prices.. Well-positioned to benefit from the global commodity boom

The COVID-19 pandemic has disrupted global uranium production , adding to the supply curtailments that have occurred in the industry for many years. The duration and extent of these disruptions are still not fully known. However, Cameco appears very well-positioned to benefit from the global commodity boom. Increasing focus on electrification

The average uranium spot price ended fiscal 2020 at $30.20 per pound more than 20% higher than the average uranium spot price at the end of 2019. Across the globe, there appears to be an increasing focus on electrification for various reasons. Some countries looking to install baseload power, while others are looking for a reliable replacement for fossil fuel sources. Need for nuclear […]

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