(1888PressRelease)
April 10, 2009 - Mira, Portugal – SADIF Investment Analytics SA, today announced the release of a new equity research report covering Cameco Corporation (CCO). The report utilizes SADIF's powerful StockMarks™ stock rating system and is required reading for any current or potential Cameco Corporation investor.
Report Summary: Canadian-based Cameco Corporation is one of the world's largest uranium producers. The company's share price has come under pressure over the past year as a result of the decline in uranium prices. The spot price of uranium as of April 6th dropped as low as USD 40, a significant fall from USD 136 in mid-2007. The price of the resource has fallen steadily since its peak two years ago. Cameco shares underperformed the broader TSX Composite Index since April 2008, dropping 39% compared to the 33% decline in the index. Nevertheless, the company saw strong results in its uranium business during the forth quarter of 2008. The company's fourth quarter results revealed that uranium revenues rose 91% compared to the same period in 2007.
Cameco also owns 53% of gold miner Centerra Gold. Centerra also saw strong results during the quarter, with revenues rising 214% compared to the year earlier period due to higher production and increased realized selling prices. If, during difficult economic times Cameco can fall back on its power generation and gold mining businesses, why have the shares underperformed the market over the past year? In order to answer this question and to assess whether Cameco stock is currently a good long-term investment, we should focus on the company's long-term underlying fundamentals. Cameco currently has an overall long-term investment-attractiveness rating (Total StockMark or SMT) of 48, rating Cameco close to the Canadian market average. This rating places Cameco tenth when compared to ten of the company's closest Canadian-listed peers, selected on the basis of similarity of business, market positioning factors such as size and share comparisons.
The complete report breaks down the Total StockMark into its three components – Business, Management and Price, performing a thorough analysis of Cameco Corporation for long-term investors.
A summary of the StockMarks™ ratings for Cameco Corporation is available here:
http://sadifanalytics.com/stockmarks/company.php?ticker=CCO&cod_country=18
The report has been distributed to Reuters, and forwarded to Yahoo Finance and FT.com. It is available under 'Analyst Reports' from these websites, from multiple professional platforms including Reuters Knowledge, TheMarkets.com and Thomson Research or directly from SADIF-Investment Analytics SA at:
http://sadifanalytics.com/stockmarks/article/hist_article.php?cod_country=18
About SADIF-Investment Analytics SA:
SADIF-Investment Analytics SA is an independent investment research company covering sixteen different markets and over 12,000 companies. The StockMarks™ system is based on proven investment principles and is designed to drive long-term shareholder returns.
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