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Cameco ( (TSE:CCO) ) has provided an update.
Cameco has entered into a long-term agreement to supply natural uranium hexafluoride (UF6) to Slovenské elektrárne for its nuclear power plants in Slovakia, expected to last until 2036. This agreement marks a strategic move for Cameco, expanding its market reach and enhancing energy security in Slovakia by providing a stable and reliable supply of uranium fuel, which is crucial for the country’s nuclear power operations.
The most recent analyst rating on (TSE:CCO) stock is a Buy with a C$102.00 price target. To see the full list of analyst forecasts on Cameco stock, see the TSE:CCO Stock Forecast page.
Spark’s Take on TSE:CCO Stock
According to Spark, TipRanks’ AI Analyst, TSE:CCO is a Outperform.
Cameco’s strong financial performance and strategic positioning in the nuclear market are major strengths, supporting a positive outlook. However, high valuation metrics and production risks present challenges. The technical indicators suggest moderate momentum, while the earnings call provides a balanced view with optimism about future opportunities.
To see Spark’s full report on TSE:CCO stock, click here.
More about Cameco
Cameco is one of the largest global providers of uranium fuel, essential for powering a secure energy future. The company’s competitive edge lies in its ownership of the world’s largest high-grade reserves and low-cost operations, along with significant investments across the nuclear fuel cycle. Cameco is involved in global nuclear fuel solutions, supporting the generation of safe, reliable, carbon-free nuclear power. Its shares are traded on the Toronto and New York stock exchanges, with its head office located in Saskatoon, Saskatchewan, Canada.
Average Trading Volume: 1,235,256
Technical Sentiment Signal: Buy
Current Market Cap: C$48.12B
For an in-depth examination of CCO stock, go to TipRanks’ Overview page.