Cameco shares surge on uranium prices as governments warm to nuclear power

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Open this photo in gallery: A Cameco employee at the uranium mine in Cigar Lake, on Sept. 23, 2015.Liam Richards/The Canadian Press With its one-time pariah commodity back in vogue, one of Canada’s biggest mining companies is reaching valuations not seen in more than 15 years. Cameco Corp. CCO-T is benefiting from a resurgence in uranium, as nuclear power is increasingly embraced by countries looking for ways to cut carbon emissions and supply concerns arise. On Monday the company’s shares traded around $54.25, just $5 below their all-time high in 2007. In recent years, the world’s attention has turned to...