Topic: How To Invest

Stock Pickers Digest Hotline – Friday, April 20, 2018

Article Excerpt

CAMECO CORP., $13.48, symbol CCO on Toronto, is the world’s biggest uranium producer. Not only does it have large, high-grade reserves spread across several mining sites, it has low-cost operations and significant market share. The stock moved up almost 8% this week. That’s after reports Russia is now prepared to ban all trade between state-owned nuclear company Rosatom and U.S. nuclear power companies. Rosatom supplies the U.S. with enriched uranium for nuclear power stations. The U.S. imports as much as 95% of the uranium it needs, and roughly half comes from Russia and Kazakhstan. The export ban should help Cameco, as the U.S. would likely turn to the company to replace Russian imports. The Russian move is in response to sanctions the Trump administration imposed against 24 top Russian businessmen and government officials on April 6, 2018. Uranium’s long-term outlook is positive, but even with the export ban, global supply remains higher than demand. Low oil prices should also keep prices down in the near…

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