Q: I don't have any uranium stocks. Would Cameco fit the bill or should I look at an etf to be more diversified. thanks and Greetings, Peter
5i Research Answer:
We think CCO is fine, as one of the largest in the sector and highly profitable. But we can't really compare a single company to a diversified ETF. The ETF will be more stable and less risky than a single stock, but will also have less potential overall vs a single company that does well. Still, if an investor is just looking for sector exposure, we would side with an ETF such as URA. CCO is an 18% position in the fund so exposure is there. It is up 108% YTD.