Cameco traded at 118.12 this Thursday October 15th, increasing 2.13 or 1.84 percent since the previous trading session. Looking back, over the last four weeks, Cameco gained 7.14 percent. Over the last 12 months, its price fell by 7.75 percent. Looking ahead, we forecast Cameco to be priced at 122.75 by the end of this quarter and at 114.54 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cameco Corporation (Cameco) is a uranium producer. The Company’s operating segments include uranium and full services. The uranium segment involves the exploration for mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate, and the purchase and sale of conversion services. Its uranium operations Cigar Lake and Inkai. The Millennium project is approximately 35 kilometers north of Cameco's Key Lake operation. The Yeelirrie deposit is located approximately 650 kilometers northeast of Perth and approximately 750 kilometers south of its Kintyre project. The Kintyre project land is located at the western edge of the Great Sandy Desert in the East Pilbara region of Australia.