Topic: Growth Stocks

CAMECO CORP. $15.75 – Toronto symbol CCO

CAMECO CORP. $15.75 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 395.8 million; Market cap: $6.3 billion; Dividend yield 2.5%) officially opened its Cigar Lake mine in northern Saskatchewan in September 2015 after a series of technical problems, including an underground flood in 2006 that put construction several years behind schedule. The $2.6-billion project is tapping into one of the world’s largest high-grade uranium deposits.

The company now expects Cigar Lake to produce 16 million pounds (8 million to Cameco) of uranium in 2016. The mine should reach its full capacity of 18 million pounds a year in 2018.

Cameco is still a hold.

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