Cameco (TSX:CCO) has recently taken a hit, with its stock down 31% from its 52-week high of $88.18. While some investors might see this as a red flag, long-term investors should view it as an opportunity. Cameco stock remains one of the most prominent players in the uranium market, and its fundamentals tell a much more promising story than its recent price decline suggests.
The numbers
Cameco stock recently released its fourth-quarter results for 2024, and they were impressive. Cameco reported net earnings of $135 million and adjusted net earnings of $157 million for the quarter. This strong performance was driven by both the uranium and Westinghouse segments, reflecting the benefits of Cameco’s diversified operations. For the full year, the company posted $172 million in net earnings, while adjusted net earnings climbed to $292 million. That’s a significant increase compared to the previous year, driven by higher sales…
