Cameco

Cameco Corp. engages in the provision of uranium. It operates through the following segments: Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. The company was founded in 1988 and is headquartered in Saskatoon, Canada.

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Cameco reports strong Q1 performance amidst nuclear energy opportunities

Cameco's Q1 performance solid, with strategic positioning in nuclear energy sector
Challenges include geopolitical risks and supply chain issues, but opportunities in clean energy drive
Company's contracting strategy and long-term outlook remain positive
Excitement for market position and vision to energize a Clean Air world

Cameco emphasizes financial stability and market positioning in Q2

Cameco's Q2 earnings call highlighted a strategic focus on financial stability, operational efficiency, and market positioning. Despite challenges from tax increases and regional uncertainty, the company is well-positioned to leverage opportunities in the nuclear energy market.

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Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services. The company was founded in 1988 and is headquartered in Saskatoon, Canada.

Cameco Corporation is becoming a full-service supplier for nuclear electric generation, with the acquisition of 49% of Westinghouse Nuclear and increasing demand for uranium. The company's financial performance has improved significantly in Q1 2023, with long-term contracts for 215 million lbs. of uranium and a healthy balance sheet. The global shift towards nuclear power and decarbonization presents a buying opportunity for patient investors in Cameco Corporation.

Cameco: Uranium Price In The Short Term, Nuclear Renaissance In The Long Term (Rating Upgrade)

Cameco Corporation is well positioned to benefit from a multi-year upswing in uranium demand, with a strong outlook for nuclear power and a significant amount of uranium under long-term contracts. The company is expected to generate strong free cash flow, despite new investments in its business, with potential to expand and extend production from existing Tier 1 assets. Despite trading at a high multiple, CCJ shares are expected to remain strong on a long-term basis, with a bright future ahead for the company.

The Nuclear Boom - What To Make Of Cameco's New Stock Price High?

Cameco Corporation's share price has finally caught a bid due to attractive pricing and compelling near-term prospects. Positive news flow in the uranium sector indicates a shift towards more favorable conditions, as reflected in the U.S. Senate's stance. Investing in uranium is crucial to supplement renewable energy sources and meet the increasing demand for electricity.

Cameco: Riding The Wave Of Positive Momentum In The Uranium Sector

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Uranium stocks are moving again, with market leader Cameco NYSE: CCJ hitting a 52-week high. It sits within spitting distance of its most crucial resistance level of $32, which has plagued the stock since the uranium bull market started in 2020.

Time To Buy Uranium? Cameco Is The Top Pick

Shares of Cameco Corporation CCJ, one of the world's largest uranium producers, recorded gains on Monday.

Betting On Uranium: Cameco Options Traders See Stock Moving Higher By September - Cameco (NYSE:CCJ)

Uranium Energy

Energy Fuels

The House of Representatives approved the Fiscal Responsibility Act of 2023 yesterday and sent it to the Senate. The debt ceiling deal leaves funding provisions from the Inflation Reduction Act in place.

Why Shares of Uranium Energy, Cameco, and Energy Fuels Are Powering Higher Today

With the current war in Ukraine, a potential conflict in Taiwan, and rising uranium prices, these top nuclear energy stocks could be a good addition to your portfolio. Indeed, uranium prices have almost doubled in the last two years, going from $31 a pound to $53 a pound.

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With more and more talk of a possible US and perhaps global recession on the horizon, the inevitable question that arises is where it might be safe to invest. Due to the nature of current recessionary pressures, ranging from geopolitical to financial uncertainty, classic defensive stocks, such as consumer staples are unlikely to work as a safe haven.

Cameco: One Of Few True Safe-Haven Stocks In Event Of Recession

Cameco Corporation (NYSE:CCJ ) BofA Securities Global Metals, Mining & Steel Conference May 17, 2023 5:20 AM ET Company Participants Rachelle Girard - Vice President-Investor Relations, Treasury and Tax Grant Isaac - Executive Vice President and Chief Financial Officer Conference Call Participants Lawson Winder - Bank of America Securities Lawson Winder Our next presentation will diverge slightly from the industrial metals theme that we've had so far this morning to a company that plays a huge role in the global uranium nuclear fuel supply chain. So Canada based Cameco is the world's second largest producer of natural uranium.

Cameco Corporation (CCJ) BofA Securities Global Metals, Mining & Steel Conference Transcript

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If you feel like you've already heard enough deductive reasoning about why uranium is entering a bull market, below I offer a fresh perspective for your consideration. Examining the operational history of industry leader Cameco throughout past business cycles can reveal where we stand in the current uranium cycle.

A Study Of Cameco's History Suggests Uranium Bull Market Is Just Getting Started

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Cameco Corporation (NYSE:CCJ ) Q1 2023 Results Conference Call April 28, 2022 8:00 AM ET Company Participants Rachelle Girard - Vice President-Investor Relations, Treasury and Tax Tim Gitzel - President and Chief Executive Officer Grant Isaac - Executive Vice President and Chief Financial Officer Heidi Shake - Senior VP and Deputy CFO Brian Reilly - Senior Vice President and Chief Operating Officer Sean Quinn - Senior Vice President, Chief Legal Officer and Corporate Secretary Conference Call Participants Greg Barnes - TD Securities Gordon Lawson - Paradigm Capital Orest Wowkodaw - Scotiabank Lawson Winder - Bank of America Grace Symes - Energy Intelligence Operator Thank you for standing by. This is the conference operator.

Cameco Corporation (CCJ) Q1 2023 Earnings Call Transcript

(Kitco News) - Cameco (TSX: CCO) (NYSE: CCJ), one of the largest global producers of uranium fuel, today reported net earnings of C$119 million and adjusted net earnings of C$115 million for Q1 2023, compared to net earnings of C$40 million and adjusted net earnings of C$17 million in Q1 2022.

Cameco posts net earnings of C$119M in Q1 on higher uranium production and prices

Cameco shares moved higher after the Saskatoon, Saskatchewan-based uranium fuel provider reported a jump in its first quarter profit and revenue. Its earnings per share topped expectations of $0.25 per FactSet at $0.27, compared to earnings per share of $0.10 in the year-ago quarter.

Cameco sees first quarter profit jump on rising uranium demand

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2023, in accordance with International Financial Reporting Standards (IFRS). “Our results demonstrate the strength and purpose of the strategic decisions we have made over the last several years, and the continued support we see developing for nuclear power around the world. In fact, I am not sure there's ever been a better.

Cameco Reports First Quarter Results, Solid Quarter Demonstrating the Strength and Purpose of Our Strategy; Long-Term Contracting Success in New Markets; Still Early Days of a Market Transition

(Kitco News) - Uranium producer Cameco (TSX: CCO) (NYSE: CCJ) announced today that it has signed a 10-year supply contract to provide sufficient volumes of natural uranium hexafluoride to meet the full requirements of the Kozloduy 5 reactor at the Kozloduy nuclear power plant, the only nuclear generating station in Bulgaria.

Uranium producer Cameco inks nuclear fuel supply agreement with Bulgaria

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) has signed a 10-year supply contract to provide sufficient volumes of natural uranium hexafluoride, or UF6 (consisting of uranium and conversion services), to meet the full requirements of the Kozloduy 5 Reactor at the Kozloduy Nuclear Power Plant, the only nuclear generating station in the Republic of Bulgaria.

Cameco Signs Nuclear Fuel Agreement to Support Bulgaria's Diversification Efforts

Cameco is planning to increase production to 20.3Mlbs U3O8 this year. The average realized price on contract sales looks set to continue rising.

Cameco's Contract Portfolio Continues To Grow

(Kitco News) - Cameco (TSX: CCO) (NYSE: CCJ), one of the largest global producers of uranium fuel, today announced the extension of its long-term exclusive nuclear fuel supply arrangements with Bruce Power for an additional 10 years through to 2040.

Uranium producer Cameco announces extension of nuclear fuel supply arrangements with Bruce Power

The timing of the refund, which includes $89 million in cash, and $211 million in letters of credit, has yet to be determined.

Cameco's $300 Million Payday Could Be Just the Beginning

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(Kitco News) - Cameco (NYSE:CCJ) announced today that Canada Revenue Agency (CRA) has issued revised reassessments for the 2007 through 2013 tax years that will result in the company being refunded a total of approximately $300 million.

Cameco to receive $300 million refund from the Canadian Revenue Agency

News for Cameco Stock (CCJ)