JP Morgan Gives Cameco, Uranium One Overweight Status

Globe and Mail reported shares of Cameco (TSX:CCO,NYSE:CCJ) and Uranium One (TSX:UUU) increased sharply after JP Morgan announced it is giving both companies and “overwieght” rating.

As quoted in the market news:

The bank is bullish on the sector in general, forecasting a meaningful improvement in uranium prices through 2014, as a supply deficit arises from numerous project delays and a reduction in secondary supplies.

Click here to read the full Globe and Mail report.