Cameco Corporation (CCO.TO) Stock Analysis & Winston Score

Cameco is one of the world's largest uranium producers. Uranium is the fuel used in nuclear power plants to generate electricity. Cameco mines uranium mostly in Canada, processes it, and sells it to electric utilities around the world that run nuclear reactors. The company makes money by selling uranium under long-term contracts with power companies, which provides fairly steady revenue. Cameco operates primarily in Canada, with key mines in Saskatchewan, and also has processing facilities and a stake in a fuel services business. Its large, low-cost mines and long-term supply contracts give it a competitive edge over smaller producers. The main growth driver is rising global demand for nuclear energy, as more countries look to reduce carbon emissions — but the business is exposed to uranium price swings and the long timelines and regulatory hurdles involved in expanding or reopening mines.