SOURCE: The Bedford Report

The Bedford Report

November 29, 2010 08:46 ET

Do Uranium Stocks Still Have Room to Run?

The Bedford Report Provides Analyst Research on Cameco & First Uranium

NEW YORK, NY--(Marketwire - November 29, 2010) - Uranium stocks have been surging as of late with the spot price for uranium oxide surpassing the $60 per pound mark last week. According to the Global X Uranium ETF which was starter trading earlier this month, uranium provides about 16% of the world's electricity. Uranium bulls believe that the radioactive element is a clean resource alternative for electric generation. One pound of uranium can generate as much energy as 20,000 pounds of coal, and leaves behind a fraction of the carbon footprint. The Bedford Report examines the emerging Uranium Industry and provides research reports on Cameco Corporation (NYSE: CCJ) and First Uranium Corporation (TSX: FIU). Access to the full company reports can be found at:

Uranium is a primary component in the production of nuclear energy. A massive demand increase in nuclear energy is expected in future years with the Nuclear Energy Agency estimating that the number of nuclear reactors to generate electricity around the world is expected to grow by over 130 percent over the next 40 years.

Earlier this month China's long-term planning agency announced that by 2020 it intended to raise nuclear power's share of the country's total energy production to 112 gigawatts, or 7 percent, up from the previous target of 70 gigawatts. At the moment China operates 11 reactors, and has 28 under construction; in the U.S., 104 are in operation.

The Bedford Report releases regular market updates on the blossoming uranium industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

With uranium prices surging, investors have turned their attention to the uranium miners. Investors in uranium miners are banking on rising earnings, as uranium prices rise, to provide value. During a recent analyst conference, Cameco's chief, Jerry Grandey, said the company expects a 17 percent year-over-year increase in production for fiscal 2010. Cameco owns the world's largest uranium mine which the company says provides about 17 percent of the world's uranium every year.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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