Cameco (CCJ) Secures Major Uranium Contract With India

Uranium supplier Cameco Corporation (NYSE:CCJ) made a large announcement connected March 4th erstwhile it announced a nine-year uranium proviso statement with India. The woody is worthy $2.6 billion, and it volition spot the steadfast proviso the state with 22 cardinal pounds of the worldly betwixt 2027 and 2035. Through the agreement, Cameco Corporation (NYSE:CCJ) made inroads into India’s atomic powerfulness market, which presently consists of 24 atomic reactors and aims to scope 100 gigawatts successful powerfulness procreation capableness by 2047.

Raymond James discussed Cameco Corporation (NYSE:CCJ)’s shares successful mid-January. It raised the stock terms people to C$165 from C$150 and kept an Outperform standing connected the shares. The fiscal steadfast outlined that the sum was portion of a broader sum of the mining industry. Bernstein had besides discussed Cameco Corporation (NYSE:CCJ) successful January, arsenic it adjusted the terms people to $101 from $100 and maintained an Outperform rating. The fiscal steadfast pointed retired that higher uranium prices were liable for the adjustment.

Cameco Corporation (NYSE:CCJ) is simply a Canadian institution that provides uranium and is besides contiguous successful the powerfulness procreation exertion conception done its Westinghouse division.

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