Strathmore Resources - SMR - A uranium play Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strathmore Resources - SMR - A uranium play

SMR 44.87

+6.2%

Oct 31 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dan P who wrote (144)	1/21/1999 11:52:00 AM
From: CIMA	Read Replies (2) of 162

Cameco Corporation CCO Shares issued 57,626,738 1999-01-19 close $37.25 Wednesday Jan 20 1999 The Financial Post reports in a Hot Stock corporate profile in its Wednesday edition that Cameco is riding the wave of an uranium price recovery. Reporter Ian Karleff says that a small rise in the price of uranium has radiated through to investors, who have been bidding up the shares of the world's largest producer, Cameco. Shares of the Saskatoon-based uranium and gold producer have risen 36 per cent this year. The spot price of uranium has climbed 11 per cent to $9.75 (U.S.) a pound from $8.75 (U.S.) in November. Salman Partners analyst Kevin Eldridge is resigned to calling 1998 a horrible year for uranium, but he is optimistic that the price of the commodity could climb as high as $12.50 (U.S.) a pound this year. He is hesistant to give a target price for Cameco stock because of the tenuous nature of the Russian negotiations, but he recommends that investors accumulate the shares. Deutsche Bank Securities analyst Fraser Phillips is cautiously keen on Cameco.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next