Ban would spur Cameco

Article Excerpt

CAMECO CORP. $14.71 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200;; Shares outstanding: 395.8 million; Market cap: $5.8 billion; Dividend yield 0.5%) continues to move higher on reports that Russia is prepared to ban all trade between state-owned nuclear company Rosatom and U.S. nuclear power companies. The U.S. imports as much as 95% of the enriched uranium it needs, and roughly half comes from Russia and Kazakhstan. An export ban imposed on Rosatom would be Russia’s response to sanctions placed by the Trump administration on 24 top Russian businessmen and government officials on April 6, 2018. A ban would help Cameco as the U.S. is likely to turn to it to replace Russian imports. Cameco is still a hold. hold…

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