Streetbeat News

MCQEF

Macquarie Group Ltd

https://www.macquarie.com/au/en.html

CEO

Shemara Wikramanayake

Industry

Securities and Commodity Exchanges

Open

136.05

Mkt cap

57B

Volume

457

High

156.13

P/E Ratio

21.71

52-wk high

156.13

Low

136.05

Div yield

0.03

52-wk low

106.67

Goldman Sachs (NYSE:GS) and Macquarie (OTCPK: MCQEF), along with hedge funds, are entering the uranium derivatives market as uranium prices have doubled to $102 per pound due to a supply shortfall and increased demand for nuclear energy. Goldman Sachs is writing options on physical uranium, marking its first derivative for the metal. The bank has been involved in the uranium market since 2009 and holds significant uranium inventories. The interest in physical uranium is growing, with financial institutions holding a significant portion of the global annual consumption.

Portfolio Pulse from Stjepan Kalinic

February 20, 2024 | 3:43 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.