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  5. CCO: Good morning, The price of uranium and subsequently CCJ is on a roll this year. [Cameco Corporation]
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Q: Good morning,

The price of uranium and subsequently CCJ is on a roll this year. Do you think they both have more room to run and things continue to look rosy for the foreseeable future…or?

Thanks!
Asked by Robert on September 18, 2023
5i Research Answer:

Momentum in the sector is quite positive, and we think the demand/supply scenario remains so as well, as governments restablish nuclear as a solid energy alternative. We would keep an eye on position size but would be comfortable letting this ride for a while. Based on consensus, Cameco's EPS is expected to more than double in 2024. 

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