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What smart money is saying about Cameco Corp.Canada flag

0R35.L · Energy · Oil & Gas Energy · Market cap $47.75B

2 funds in our archive have pitched Cameco Corp. — most recently Hardman Johnston Global Equity in December 2025.

Company profile

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.

Fund coverage · 2 theses

  • Hardman Johnston Global Equity
    December 2025

    Cameco Corp. is a vertically integrated uranium leader poised to benefit from de-Russification and a reinvigorated global nuclear buildout driven by AI energy needs.

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  • Aristotle International Equity
    December 2024

    Cameco is well-positioned to benefit from the robust demand for nuclear energy, supported by its tier-one assets, strategic contracts, and increasing production outlook.

    Read the full thesis

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