Cameco (CCJ)

Re: Cameco (CCJ)

Postby winston » Tue Mar 07, 2017 9:03 pm

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Cameco explores U.S. mines sale as uranium slump drags on - CEO

By Rod Nickel

Canada's Cameco Corp (CCO.TO), the world's second-biggest uranium producer, is exploring the sale of its U.S. production facilities, its chief executive said on Monday, as a six-year industry slump drags on.

Cameco, which has been cutting costs and curbing production, is in the early stages of evaluating the sale of its mines in Wyoming and Nebraska, but also wants clarity on U.S. President Donald Trump's plans for nuclear power.

Cameco's U.S. mines can annually produce 1 million to 2 million pounds of uranium, used to make fuel for nuclear reactors.


The assets are attractive, but liabilities related to reclaiming groundwater and future decommissioning of the mines may limit interest, two U.S. producers said.

The cost of reclaiming and decommissioning the U.S. mines is estimated at C$257 million,


Source: Reuters

http://www.reuters.com/article/us-camec ... ls%20Today
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Re: Cameco (CCJ)

Postby winston » Thu Mar 09, 2017 10:24 pm

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With This Trade, You’ve Just Started Down the Path Toward Your First Million

by D.R. BARTON, JR.

For its most recent quarter, this Canadian-based firm reported revenue of $887 million, beating analyst estimates of $622.36 million.

Its market cap is $4.4 billion, the company pays a dividend of 2.8%, and its forward P/E is a measly 16.77.



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https://10minutemillionaire.com/2017/03 ... /#deeplink
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Re: Cameco (CCJ)

Postby winston » Fri Apr 28, 2017 9:54 pm

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Cameco reports 1Q loss

SASKATOON, Saskatchewan (AP) _ Cameco Corp. (CCJ) on Friday reported a first-quarter loss of $13.6 million, after reporting a profit in the same period a year earlier.

The Saskatoon, Saskatchewan-based company said it had a loss of 4 cents per share. Losses, adjusted for non-recurring gains, were 5 cents per share.

The uranium producer posted revenue of $296.9 million in the period.

Cameco shares have risen slightly since the beginning of the year. The stock has declined 22 percent in the last 12 months.

Source: Associated Press
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Re: Cameco (CCJ)

Postby winston » Fri Apr 28, 2017 9:57 pm

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Cameco posts bigger-than-expected loss on scrapped Tepco contract

April 28 (Reuters) - Cameco Corp , the world's second-biggest uranium producer, posted a bigger-than-expected quarterly loss, partly hurt by the termination of a contract by Tokyo Electric Power Co, operator of Japan's wrecked Fukushima nuclear plant.

The Canadian company said its results were also hurt by weak uranium prices amid a prolonged glut.

Spot prices of uranium, used to fuel nuclear reactors, dipped to a 13-year low late last year and have rebounded only modestly in 2017.

Cameco said severance costs and a strengthening Canadian dollar also weighed on its first-quarter results.

The net loss attributable to Cameco's equity holders was C$18 million ($13 million), or 5 Canadian cents per share, in the first quarter ended March 31, compared with a profit of C$78 million, or 20 Canadian cents per share, a year earlier.

Excluding items, the company lost 7 Canadian cents per share, bigger than the average analyst estimate of 1 Canadian cent, according to Thomson Reuters I/B/E/S.

Revenue at the Saskatoon, Saskatchewan-based company fell nearly 4 percent to C$393 million, with declines stemmed by high revenue from its Nukem unit, which is a nuclear fuel broker.

Analysts had expected revenue of C$372.345 million.

Source: Reuters

http://finance.yahoo.com/news/cameco-re ... ?.tsrc=rss
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Re: Cameco (CCJ)

Postby winston » Fri Apr 28, 2017 10:00 pm

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Apr 11, 2017

Cameco Corporation: A Value Investing Thesis

by MacGregor Ross

Summary

The uranium market has strong economic fundamentals, suggesting that the price will rise in the near-to-mid term.

Cameco is an excellent vehicle for uranium investment given its financial health, stability, and tremendous optionality value.

Waiting on a decision on the CRA's transfer pricing lawsuit before investing may be wise, though value can be had at the current price.

Source: Seeking Alpha

https://seekingalpha.com/article/406185 ... ing-thesis
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Re: Cameco (CCJ)

Postby winston » Fri Apr 28, 2017 10:09 pm

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5 Things You Didn't Know About Cameco Corp.

The giant uranium producer will report its earnings later this month. If you're wondering whether it might belong in your portfolio, let us help you get to know it a little better.

by Neha Chamaria

Source: Motley Fool

https://www.fool.com/investing/2017/04/ ... yptr=yahoo
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Re: Cameco (CCJ)

Postby winston » Sat Apr 29, 2017 8:27 am

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Is Management Really to Blame for Cameco's Woes?

Uranium miner Cameco is suffering through a downturn not of management's making. The question is, what's it doing about it?

by Reuben Gregg Brewer

Uranium miners got hit extra hard because of the Fukushima reactor meltdown that took place in 2011 after an earthquake and tsunami. The accident led Japan to shut all of its reactor fleet and pushed other countries, like Germany, to shy away from nuclear power, too.


While its dividend hasn't been increased, it hasn't been cut either. And debt remains at a modest 20% or so of the capital structure.


Source: Motley Fool

https://www.fool.com/investing/2017/04/ ... yptr=yahoo
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Re: Cameco (CCJ)

Postby winston » Wed May 10, 2017 9:51 pm

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Cameco - Surprise, Surprise, Surprise

by Steve Auger

Summary

CCJ has a history of earnings misses, so it should be no surprise they missed in Q1.

There is an ongoing glut in uranium supply. The Westinghouse Chapter 11, the slow restart of reactors in Japan, and the CRA and Tepco disputes make for continued uncertainty.

On the positive side, Japan is showing some positive signs regarding the restart process. Uranium shipments and prices should pick up in Q4.

CCJ presently has a neutral rating, but would be an attractive investment in the ~$7.25 price range -- or if the price starts to rise toward the end of the summer.

I'd suggest remaining short URA with a price target of $11, and moving the stop-loss from $19 to $15.50.

Source: Seeking Alpha

https://seekingalpha.com/article/406811 ... e-surprise
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Re: Cameco (CCJ)

Postby winston » Thu May 18, 2017 1:09 pm

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Manic Focus on Growth


For the past two years, the outlook for the uranium market has “gone nuclear.”

In 2016 alone, uranium prices surged higher – breaking the $23-per-pound price level – while long-term prices have edged past $33 per pound.

Plus, it’s a verifiable fact that the global nuclear-power business continues to grow.

In 2016, the world’s fleet of nuke plants went from 439 to 446.

According to Cameco, that number will increase to 456 in 2017.

And it’s only set to go up from there, with 60 reactors under construction around the world.

The International Atomic Energy Agency’s (IAEA) most realistic estimate is that 90 new nuclear plants will enter service around the world by 2030.

The growth story for nuclear power, much like the growth story for oil and natural gas demand, is centered in the emerging markets. Since the 1980s, global electricity consumption has tripled and is expected to more than double again over the next two decades.

And as those reactors come online, they will require the uranium that Cameco mines, which should finally lead to the reduction of the current supply glut and push uranium prices higher.

As the revival of nuclear power ramps up and demand for uranium kicks into gear, Cameco will be a key beneficiary.

But let’s say, for some reason, those nuclear power plants never come online – which is highly unlikely, mind you.

Cameco still has the fortitude to stick around and deliver profits to its investors.

You see, Cameco does business a little differently than its rivals. Its business is built on long-term contracts.

Speculation aside, Cameco holds the leading net order for uranium among miners with a backlog of contracts worth more than $46 billion.

For its long-term uranium contracts, Cameco has nearly 200 million pounds of uranium orders on its books through 2019.

That’s more than six times the amount of uranium it sold in 2015.

By that point, new construction of nuclear power plants should push demand beyond supply and, with any luck, lead to higher uranium prices.

The Bottom Line: Cameco is big and well-run enough to easily survive today’s market because of its contract-focused business. Most of the other companies selling uranium today don’t have the same scale it has.

Source: 10 Minute Millionaire

https://10minutemillionaire.com/2017/05 ... /#deeplink
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Re: Cameco (CCJ)

Postby winston » Thu Jun 01, 2017 1:17 pm

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Near a 10-Year Low, Is Cameco Corp a Buy?

Uranium markets are still hurting, leaving industry giant Cameco well off its highs, is now the time to step in?

by Reuben Gregg Brewer

Source: Motley Fool

https://www.fool.com/investing/2017/05/ ... lrf0000001
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