UPDATE: Cantor Fitzgerald Initiates Coverage on Cameco Corporation with Buy Rating on Long-Term Growth

In a report published Wednesday, Cantor Fitzgerald initiated coverage on Cameco Corporation CCJ with a Buy rating. Cantor Fitzgerald noted, “Cameco is the bell-weather company when it comes to uranium mining. The company accounts for approximately 13% of annual global uranium supply worldwide and has ambitious plans to nearly double production levels by year 2018.” Cameco Corporation closed on Tuesday at $22.28.