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.

Earnings data Q1 2021

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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.

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Cameco is a leading supplier of uranium worldwide and has now diversified across the whole nuclear fuel cycle with its Westinghouse's acquisition. The current valuation is pricing in a very optimistic scenario. Because of the hedges put in place to meet its forward obligations, Cameco's earnings have limited upside to higher uranium prices over the next 3 years.

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(Kitco News) - According to Cameco, Gignac will succeed Ian Bruce, who passed away on October 15, 2023.

Uranium producer Cameco appoints Catherine Gignac as new chair

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) announced today the appointment of Catherine Gignac as chair of Cameco's board of directors effective December 1, 2023. Gignac will succeed Ian Bruce, who passed away on October 15, 2023. Bruce had served as Cameco's board chair since May 2018. “I am honoured to be appointed chair and given the opportunity to lead this exceptional board and management team as Cameco continues to serve the thriving nuclear energy industry,” G.

Cameco Board Appoints New Chair

Uranium price momentum has accelerated over the past week, with prices exceeding US$80 per pound to reach a 15-year high, as financial institutions, producers and utilities remain active buyers, according to Jefferies analysts.  In an update to clients, they singled out the Sprott Physical Uranium Trust (SPUT), which recently secured a further $125 million in funding that will be put towards the purchase of physical pounds.

Uranium price hits 15-year high on financial, utilities buying: analysts

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The United States aims to achieve 100% carbon-free electricity generation by 2035, requiring the construction of new nuclear power plants. Nuclear energy stocks and ETFs have been strong performers in 2023, with gains of up to 60%. In North America, the well-known nuclear stock Cameco has surged by 94% year-to-date.

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CRANBERRY TOWNSHIP, Pa.--(BUSINESS WIRE)--As announced earlier today, a consortium comprised of Brookfield Asset Management (NYSE: BAM, TSX: BAM), and alongside its publicly listed affiliate Brookfield Renewable Partners (NYSE: BEP; TSX: BEP.UN) and its institutional partners (“Brookfield”), and Cameco (NYSE: CCJ; TSX: CCO) completed its acquisition of Westinghouse Electric Company. The sale to Brookfield and Cameco cements the significant role that Westinghouse plays in enabling the world's cl.

Westinghouse Acquisition by Brookfield and Cameco Complete

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--All amounts in Canadian dollars unless specified otherwise Cameco (TSX: CCO; NYSE: CCJ) announced that the acquisition of Westinghouse Electric Company (Westinghouse) in a strategic partnership with Brookfield Asset Management alongside its publicly listed affiliate Brookfield Renewable Partners (Brookfield) and institutional partners closed today. Cameco now owns a 49% interest and Brookfield owns the remaining 51% in Westinghouse, one of the world's l.

Cameco and Brookfield Complete Acquisition of Westinghouse Electric Company Creating a Powerful Platform for Strategic Growth

Cameco reported strong year-over-year revenue and earnings growth in the third quarter. Mangement hiked its 2023 revenue forecast thanks to higher uranium spot prices.

Why Shares of Cameco Are Powering Higher This Week

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Uranium demand is on the rise due to growing concerns about climate change and the need for nuclear power in achieving net-zero emissions. The development of new nuclear mini reactors and the shift away from reliance on Russia for energy supply are driving the demand for uranium. The market is still cautious due to limited past price fluctuations prevailing low prices.

Cameco: High Multiple But Prospects Are Hard To Deny

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) is pleased to announce that our joint acquisition of Westinghouse Electric Company with Brookfield Asset Management alongside its publicly listed affiliate Brookfield Renewable Partners and institutional partners has now received all required regulatory approvals. Cameco anticipates the transaction will close on or about November 7, subject to the satisfaction of all other customary closing conditions. Cameco plans to financ.

Cameco and Brookfield Receive Regulatory Approval to Acquire Westinghouse

Cameco Corporation's recent earnings call highlights the growing demand for uranium driven by climate concerns and energy security issues. Nuclear energy is gaining widespread support from policymakers and the public, with new reactor designs and bipartisan backing. Geopolitical tensions further amplify the demand for nuclear energy as countries seek stable, low-carbon energy sources.

Up, Up, And Away! Cameco Confirms The Uranium Bull Case

(Kitco News) - Cameco (TSX: CCO) (NYSE: CCJ), one of the largest global producers of uranium fuel, today reported net earnings of C$148 million and adjusted net earnings of C$137 million in Q3 2023, compared to net losses of C$20 million and adjusted net earnings of C$10 million in Q3 2022.

Cameco's profit jumps in Q3 on higher uranium price and production, lower costs

Cameco on Tuesday announced that it swung to a profit of $148 million in its third quarter of 2023, from a $20 million loss a year earlier, on revenue that rose to $575 million from $389 million during the same period in 2022, as the company realized an average selling price for its uranium of US$70 per pound, a multi-year high.   An improved uranium price environment also allowed Cameco to raise its full year revenue outlook to between $2.43 billion and $2.58 billion, up from its earlier expectations of $2.38 billion and $2.53 billion.

Cameco's strong 3Q results, outlook bodes well for uranium stocks

Cameco Corporation (NYSE:CCJ ) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Rachelle Girard - VP-IR Tim Gitzel - President and CEO Grant Isaac - EVP and CFO Heidi Shake - SVP and Deputy CFO Sean Quinn - SVP, Chief Legal Officer and Corporate Secretary Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Lawson Winder - Bank of America Gordon Johnson - GLJ Research Katie Lechapelle - Canaccord Genuity Brian MacArthur - Raymond James Alex MacPherson - allSaskatchewan Grace Symes - Energy Intelligence Richard Hatch - Berenberg Kip Keen - S&P Global Operator Thank you for standing by. This is the conference operator.

Cameco Corporation (CCJ) Q3 2023 Earnings Call Transcript

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2023, in accordance with International Financial Reporting Standards (IFRS). “Our third quarter financial performance continues to demonstrate the benefits of our strategic decisions and the significant, positive momentum we are experiencing in the nuclear energy industry. We have again increased our consolidated revenue.

Cameco Announces Third Quarter Results; Tier-One Transition Continues to Drive Gross Profit Improvement; Amplified Security of Supply Concerns Benefit Full-Year Revenue Outlook; Decade-High Industry Contracting Volume Achieved; Dividend Declared

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