Cameco (CCJ)

Cameco (CCJ)

Postby winston » Wed Oct 21, 2009 10:25 pm

not vested

A PICTURE OF THE URANIUM BREAKOUT by Brian Hunt

This week, looking at the list of stocks hitting new yearly highs is looking at a new mining stock boom.

As we frequently mention, the Canadian Venture Index is quietly working its way higher. This is proof tiny mining companies are in an uptrend. Now consider this week's entrants to the new highs list. It's a "who's who" of digging stuff out of the ground.

Some notable names here: BHP Billiton – world's largest mining company. Peabody Energy – world's largest public coal company. Freeport-McMoRan – world's largest public copper company. Vale – world's largest iron ore company. And don't forget the big name in "nuke," Cameco (CCJ).

CCJ is the world's largest pure uranium stock. This is the stuff that powers nuclear reactors and mushroom clouds. Early this decade, uranium soared in price. This drove a big bull market in CCJ and its sector. Then, like all miners, CCJ was clobbered in 2008.

Many uranium watchers expect the commodity to go higher in the coming years. Judging by the new high in the "bell cow of uranium," that rise is getting started.

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 21, 2015 3:52 am

Could Cameco Corporation Double This Year? By Andrew Walker

Cameco Corporation (TSX:CCO)(NYSE:CCJ) is up more than 20% since the middle of January and investors are wondering if the rally will continue through the end of the year.

The recent strength in the stock is a welcome sign for long-term investors who have watched the shares lose more than half their value in the past four years, but the market is still unsure if the stock is about to take off or simply bounce along the $20 mark forever.

Let’s take a look at the current situation to see if Cameco deserves to be in your portfolio.

New deal

The stock received a nice vote of support in April when the Indian prime minister announced a new multi-year agreement between Cameco and India’s Department of Atomic Energy. The deal means that Cameco will supply 7.1 million pounds of uranium concentrate in the next five years to fuel India’s large fleet of nuclear reactors.

Canada banned the supply uranium to India back in the 1970s after India used Canadian technology to build a nuclear bomb. Diplomatic tension over the issue lasted more than 40 years.

In 2013 the two countries decided to bury the hatchet and signed the Canada-India Nuclear Cooperation Agreement. This gave companies like Cameco the green light to begin negotiating new contracts with the Indian government.

India is the world’s second-fastest growing nuclear energy market, with 21 reactors currently in operation and another six under construction. The new reactors are expected to go into service by the end of 2017. Together, the 27 units will have a total capacity of 10,300 megawatts.

The new agreement is good news for Cameco in the near term, but investors should be looking at the long-term potential. By 2032 India expects to have 45,000 megawatts of nuclear capacity.

Demand growth in China

The Chinese government just started approving new reactor projects after a four-year moratorium following the disaster in Japan. China now has 26 reactors in operation and 23 under construction.

Globally, Cameco says 63 new reactors are under construction, and 81 net new facilities are expected to go online in the next 10 years.

Uranium prices remain in a trading range between US$35-40 per pound as current supply continues to meet demand. In the past four years producers have reduced production and delayed or cancelled mine expansions, and Cameco says ongoing production issues at several of the industry’s larger mines could tighten supply even more in the coming year. This should put a floor under global prices.

Risks

Cameco continues to fight tax battles with both the IRS and the Canada Revenue Agency (CRA). The CRA dispute is the most significant, with potential penalties as high as $820 million if Cameco is unsuccessful in its appeal. A decision on the case isn’t expected before 2017.

Should you buy Cameco?

The global uranium market has probably hit the bottom of its cycle and history shows that uranium prices and the shares of producers can move significantly higher in a short time span.

I suspect the tax concerns are built into Cameco’s stock price at this point, so there should be limited downside risk. A settlement that is better than the worst-case scenario would put a tailwind behind the stock.

Japan is expected to restart two reactors this summer. As soon as that happens the market should get a boost.

For Cameco to double, uranium prices would have to spike significantly, and that probably won’t happen in 2015, but the next couple of years could produce some big gains. Long-term investors should be comfortable picking up the stock at current prices, although volatility should be expected until the tax fights get settled.

Buying a good turnaround stock like Cameco can bring substantial long-term rewards, but you have to get the timing right. The Motley Fool Canada team is always hard at work looking for top companies that have battled through hard times and are finally ready to rocket higher.

Source: Motley Fools Canada
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 21, 2015 3:56 am

vested

Cameco Corporation (USA) (NYSE:CCJ) reported a loss in its first quarter. by JASON SHERRING

(AP)Cameco Corporation (USA) (NYSE:CCJ) reported a loss of $7.1 million (9 million CAD) in its first quarter.

The Saskatoon, Saskatchewan-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The uranium producer posted revenue of $447.7 million (566 million CAD) in the period.

Cameco shares have climbed 10 percent since the beginning of the year. The stock has fallen 10 percent in the last 12 months.

Cameco Equity Analysis

Cameco Corporation (USA) (NYSE:CCJ) opened trading today as $15.90 and is trading in the range of 15.78-16.86 today. Cameco’s current market cap stands at $6.29 billion.

Compared to other peers in the Industrial Metals & Minerals sector, Cameco has outperformed in terms of quarterly revenue growth year over year at 0.35 vs. the industry average of 0.00.

Cameco is currently covered by 11 Wall Street analysts. The mean target price is $24.54 according to First Call. This presents a solid upside to the current price of the equity. The Mean Recommendation sits at 1.7 which is based on 4 Strong Buy, 3 Buy and 4 Hold ratings.

The most recent analyst actions consisted of Raymond James upgrading the stock on April 30th and Cowen initiating coverage with a downgrade rating back in August.

The current quarter EPS consensus estimate is .23 with revenue estimates of 622.92M. Sales are expected to grow at a 24.10% rate. Cameco reported actual earnings last quarter of 0.18 which fails to beat the .22 consensus estimate, a -18.20% surprise.

Corporate Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through Uranium, Fuel Services, and NUKEM segments.

The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates. Its operating uranium properties include the McArthur River and Key Lake, Cigar Lake, and Rabbit Lake properties located in Saskatchewan, Canada; the Smith Ranch-Highland property located in Wyoming; the Crow Butte property located in Nebraska; and the Inkai property located in Kazakhstan.

The Fuel Services segment engages in the refining, conversion, and manufacturing of uranium fuel. Its products include uranium trioxide, uranium hexafluoride, and uranium dioxide. This segment also manufactures and sells fuel bundles, reactor components, and monitoring equipment to CANDU reactors. The NUKEM segment trades in uranium and uranium-related products.

Cameco Corporation was founded in 1987 and is headquartered in Saskatoon, Canada.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 21, 2015 4:34 am

vested

Is Now Finally the Time to Give Up on Cameco Corporation? By Benjamin Sinclair

For years, shareholders of Cameco Corporation (TSX:CCO)(NYSE:CCJ) have been anxiously awaiting a rebound in the price of uranium. That rebound still hasn’t happened, with prices still stuck at US$36 per pound.

So, is the uranium market finally about to turn, or is now the time to give up?


Why we should be hopeful

When looking at the supply side, US$36 uranium looks unsustainable, with producers losing money left and right. Eventually, supply should take a hit, allowing prices to rebound. According to some estimates, prices need to more than double in order for the market to come into balance.

The demand side tells a similar picture. With uranium prices so low, it provides a strong incentive for countries to use nuclear power. The perfect case in point is Japan, which shut off all its nuclear power reactors after the 2011 Fukashima disaster, only to be stuck with sky-high bills for liquefied natural gas.

It’s not just Japan that could increase its use of nuclear power. China is building 23 new nuclear reactors, and Cameco just signed a big five-year uranium supply agreement with India.

Best of all, Cameco has the world’s most efficient uranium mines, and also has a strong hedging program. So, even if uranium prices remain depressed, the company can withstand the heat for many years as it waits for the market to recover.


Why we should give up

While US$36 uranium looks like an unsustainable price for producers, total uranium supply has held up relatively well in recent years for a couple of reasons.

First of all, uranium mines are very costly to shut down, especially when unions are involved.

Second, no one wants to be the first to cave in, only to see competitors benefit from higher prices.

Meanwhile, demand may take a long time to rebound. The Japanese restart has been held back by regulators for years, and the country’s citizens are generally opposed to the idea. It looks like the nuclear power companies aren’t holding their breath; Tokyo Electric Power Co. has just decided to sell some of its uranium stockpiles. This will not be a positive for uranium prices.

Making matters worse, Cameco is involved in disputes with the Canadian and American tax authorities. This could cost the company well over $1 billion, something the Financial Post referred to as “debilitating.”

Furthermore, Cameco shares are quite pricey. Including debt, the company is valued at nearly $9 billion, or roughly $20 per pound of reserves.


The verdict

At this point, I would avoid Cameco. Although there’s plenty of upside for uranium prices, there’s just too much uncertainty at this point, and you can certainly find better opportunities elsewhere.


Source: Motley Fool Canada
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 21, 2015 4:39 am

vested

Vetr Inc. Upgrades Cameco to “Strong-Buy” (CCJ)

Cameco (NYSE:CCJ) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday. The firm currently has a $19.92 price objective on the stock. Vetr‘s price target would suggest a potential upside of 23.34% from the company’s current price.

A number of other analysts have also recently weighed in on CCJ:-
1. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Cameco in a research note on Friday, May 8th.
2. Analysts at Dundee Securities reiterated a “buy” rating and set a $24.00 price target on shares of Cameco in a research note on Thursday, May 7th.
3. Analysts at RBC Capital reiterated an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of Cameco in a research note on Thursday, May 7th.
4. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating and set a $27.25 price target (up previously from $26.15) on shares of Cameco in a research note on Thursday, May 7th.

Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cameco currently has a consensus rating of “Buy” and an average price target of $23.38.

Cameco (NYSE:CCJ) opened at 16.15 on Tuesday. Cameco has a 52-week low of $13.62 and a 52-week high of $21.67. The stock has a 50-day moving average of $16. and a 200-day moving average of $16.. The company has a market cap of $6.39 billion and a price-to-earnings ratio of 171.81.

Cameco (NYSE:CCJ) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.04. The company had revenue of $556.00 million for the quarter, compared to the consensus estimate of $577.54 million.

During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that Cameco will post $1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.0821 per share. This represents a $0.33 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, June 26th.

Cameco Corporation (NYSE:CCJ) is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.

http://sleekmoney.com/vetr-inc-upgrades ... cj/265367/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 21, 2015 4:42 am

vested

Cameco Corporation Price Target Update

Cameco Corporation (NYSE:CCJ): 7 analysts have set the short term price target of Cameco Corporation (NYSE:CCJ) at $20.06. The standard deviation of short term price target has been estimated at $2.08, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 23 and $18 respectively.

Cameco Corp (NYSE:CCJ) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 1.88 by 8 Wall Street Analysts.

4 analysts have added the counter in their list of strong buys. 1 stock experts have also rated a buy. 3 broker firms have advised hold.

Cameco Corporation (NYSE:CCJ) witnessed a decline in the market cap on Tuesday as its shares dropped 5.44% or 0.93 points. After the session commenced at $16.86, the stock reached the higher end at $16.88 while it hit a low of $15.775.

With the volume soaring to 4,960,458 shares, the last trade was called at $16.15. The company has a 52-week high of $21.6699. The company has a market cap of $6,392 million and there are 395,793,000 shares in outstanding. The 52-week low of the share price is $13.62.

Cameco Corporation (Cameco) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. Cameco has a 31.6% interest in Bruce Power L.P. (BPLP), which operates the four Bruce B nuclear reactors in Ontario. Cameco has three reportable segments: uranium, fuel services and electricity. In January 2013, the Company acquired NUKEM Energy GmbH.

http://thedailyrover.com/cameco-corpora ... et-update/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 28, 2015 6:42 am

vested

Competitive Analysis Of Cameco Highlights Company's Many Strengths

Summary

This analysis compares Cameco to Areva, Paladin and Kazatomprom on nine different criteria.

Of the nine criteria, Cameco ranks highest in three of them and second highest in five.

Despite Kazatomprom's slightly stronger results, Cameco is still very strong comparatively.

http://seekingalpha.com/article/3213826 ... -strengths
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Thu May 28, 2015 6:52 am

Hedge Funds Pulling Back From The Mining Industry ~ See Their Top Picks

By Usman Rafi

[quote] Cameco Corporation (USA) (NYSE:CCJ) hasn’t fared well on the stock market either, depreciating by nearly 20% over the past year.

A total of 26 hedge funds had $248.26 million invested in the company at the end of March as compared to 28 firms with $187.18 million invested as of the end of 2014.

David Iben’s Kopernik Global Investors increased its stake in Cameco Corporation (USA) (NYSE:CCJ) by 58% during the first quarter to 4.91 million shares valued at $68.39 million.


Source: Hedge Funds

http://www.insidermonkey.com/blog/hedge ... oh4YYyM.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Fri May 29, 2015 2:18 pm

vested

Cameco (CCJ) – Research Analysts’ Recent Ratings Updates

http://sleekmoney.com/cameco-ccj-resear ... es/274396/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cameco (CCJ)

Postby winston » Sat May 30, 2015 7:28 am

The Case to Avoid Cameco Corporation…Forever

By Nelson Smith

http://www.fool.ca/2015/05/28/the-case- ... n-forever/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Next

Return to A to D

Who is online

Users browsing this forum: No registered users and 10 guests