Cameco (CCJ) is a Canadian company best known for mining uranium and accounting for 16% of world uranium production from its operating mines in North America and Kazakhstan. Cameco has a market capitalization of $7.85B and is listed on Yahoo Finance with a forward P/E of 15.51. Trading just below $20.00 at the time of writing, analysts have put out a median target price of $26.41.

In a recent news item, it was reported that Cameco had engaged two banks to advise on its interest in Urenco, a uranium enrichment firm owned jointly by the British and Dutch governments and two German utility operators EON (EONGY.PK) and RWE (RWEOY.PK). Present owners have apparently signaled their interest in selling their respective stakes and have also employed advisors to facilitate a possible deal. In a more recent news release, Cameco has indicated that a decision whether or not to bid for Urenco is still pending.