nuclear-news

An “under-performing investment” – Cameco uranium company

Cameco (CCJ) Downgraded by Zacks Investment Research to “Underperform”, Localised USA, Jan 10th, 2012 Cameco (NYSE: CCJ) was downgraded by equities research analysts at Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday.

Cameco Corporation (Cameco) is a Canada-based company. The Company and its subsidiaries are primarily engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. Cameco has three reportable segments: uranium, fuel services and electricity.

The company has a 31.6% interest in Bruce Power L.P. (BPLP). Cameco’s uranium joint venture interests are comprised of McArthur River, Rabbit Lake, Cree Extension Millenium, Moon Lake, Dawn Lake, Read Lake and Virgin River. Cameco’s projects include Kintyre Uranium Exploration Project (Kintyre) and GoviEx Uranium (GoviEx). Kintyre project is located in the East Pilbara region of Western Australia. Cameco holds 12% interest in GoviEx. Its wholly owned subsidiary is Global Laser Enrichment LLC (GLE).

January 11, 2012 - Posted by Christina Macpherson | business and costs, Canada, Uranium