Cameco (NYSE:CCJ) is a Canadian uranium miner that has had nothing but bad news for the last few years. The stock and the price of uranium have gotten pummeled. It might still be too early to buy this stock.There are 396 million shares and the market cap is $3.437 billion. It pays a 40 cent dividend, for a 4.6% yield, but the dividend will probably get cut at some point. Cameco produces 18% of the world’s uranium and has 410 million pounds of proven and probable reserves. The price of U3O8 has gotten pummeled. It is now at $25.50 a pound. It was over $36 a year ago and over $135 before the financial crash in 2008.
more...
Bookmarks