Cameco (CCJ)

Re: Cameco (CCJ)

Postby winston » Wed Oct 04, 2017 5:33 am

vested

Cameco stock has a minor meltdown

Cameco stock dropped 9%, hitting its lowest levels of 2017.

Analysts at Scotia Capital downgraded shares of the uranium producer from sector perform to sector underperform, predicting weakness in the uranium market that could hurt Cameco's long-term prospects.

Cameco already faces the expiration of key supply contracts in the next five years, and there's a lot of uncertainty about whether it will be able to obtain renewals of those arrangements without accepting lower price points.

Right now, spot prices for uranium are lower than what Cameco gets paid under existing arrangements, but unless demand rebounds from decisions among major industry players to scale back nuclear power efforts, Cameco could face a big problem in the near future.

Source: Motley Fools
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 » Wed Oct 11, 2017 11:18 pm

vested

Why You Shouldn't Bet Against Cameco Corporation (CCJ) Stock

The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past month, current quarter estimates have risen from 9 cents per share to 10 cents per share, while current year estimates have risen from 25 cents per share to 28 cents per share.


Source: Zacks Equity Research

https://finance.yahoo.com/news/why-shou ... 12031.html
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 Oct 27, 2017 9:22 pm

vested

Cameco reports 3Q loss

SASKATOON, Saskatchewan (AP) _ Cameco Corp. (CCJ) on Friday reported a third-quarter loss of $98.9 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Saskatoon, Saskatchewan-based company said it had a loss of 25 cents. Losses, adjusted for non-recurring costs, came to 10 cents per share.

The uranium producer posted revenue of $387.6 million in the period.

Cameco shares have dropped 16 percent since the beginning of the year. The stock has climbed 11 percent in the last 12 months.

Source: Associated Press

https://finance.yahoo.com/news/cameco-r ... 16249.html
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 Nov 09, 2017 11:28 pm

vested

Cameco to suspend production from McArthur River and Key Lake operations and reduce its dividend

Production from the McArthur River mining and Key Lake milling operations in northern Saskatchewan will be temporarily suspended by the end of January 2018 and that the company's annual dividend will be reduced to $0.08 per common share in 2018.


We expect our share of the costs to maintain both operations during the suspension to range between $6.5 and $7.5 million per month.

Fourth quarter results which will be released in February 2018.

The duration of the suspension and temporary layoff is expected to last 10 months.

Cameco has committed sales volumes of 28 to 30 million pounds in 2018.




Source: Market Wired

https://finance.yahoo.com/news/cameco-s ... ?.tsrc=rss
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 Nov 18, 2017 8:16 am

Has Cameco Corp. Finally Gone Over the Cliff?

by Demetris Afxentiou

While Japan has since restarted some of its reactors, other nations, such as Germany, have abandoned nuclear power altogether.


The global uranium supply glut can be as high as 15 million pounds.


In the most recent quarter, Cameco reported a net loss of $124 million, with an adjusted net loss of $50 million.

Cameco also liable for a tax bill of $2 billion.


Source: The Motley Fool

https://ca.finance.yahoo.com/news/camec ... ?.tsrc=rss
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 Nov 18, 2017 8:40 am

vested

Is Cameco Corporation a Buy?

The largest publicly traded uranium miner is near a 10-year low. Is this an opportunity or is there more pain to come?

by Reuben Gregg Brewer

You really need to ask whether Cameco is strong enough to suffer through this downturn so it can benefit from the next upturn.


Currently, 56 nuclear power plants under construction today.

In Japan, there were 54 reactors running before Fukushima and 21 are in some stage of restarting (five are actually up and running again).


Source: The Motley Fool

https://www.fool.com/investing/2017/11/ ... lrf0000001
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 » Tue Dec 05, 2017 12:08 am

vested

Couldn't get much worse

Uranium miner Cameco isn't for the faint of heart: The company just cut its dividend and announced that it was closing more of its operations.

A deep downturn in uranium prices is the main reason. In fact, at this point, it appears to be more cost-effective for Cameco to buy uranium on the spot market than to mine for it.

Why on earth would you want to get involved in that? The answer is twofold.

First, Cameco has a rock-solid balance sheet, with long-term debt at roughly 25% of the capital structure and a current ratio of an impressive 5.4, as of the third quarter of 2017. The uranium market may be tough today, but Cameco is conservatively financed and built to survive.

Second, the company, along with some of its largest competitors, is working to reduce the supply of uranium. That, along with the new nuclear power plant construction that is happening today, should help to alleviate the supply-demand imbalance that has kept uranium prices in a downturn since 2011. When that happens, uranium prices should head higher again.

A graphic showing that 19 nuclear reactors are being built in China, 6 in India, and 4 in the UAE
NUCLEAR POWER PLANTS ARE STILL BEING BUILT TODAY, DESPITE THE INDUSTRY'S BAD IMAGE. IMAGE SOURCE: CAMECO CORP. INVESTOR PRESENTATION, OCT. 2017.

To put it simply, there remains a lot of risk with Cameco; the company's stock is only appropriate for aggressive investors.

And there's no way to tell when uranium prices will start to rebound, so go in expecting continued red ink over the near term.

But Cameco's stock is trading near 10-year lows. It's the largest pure-play uranium miner, it has a solid financial foundation, and it can bring production back online relatively quickly when uranium prices pick up.

When that happens, investors are likely to reward the shares fairly quickly. If you have a strong stomach, Cameco is a turnaround play in which you might be interested, since it's hard to envision things getting too much worse.

Source: Motley Fool
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 » Wed Apr 04, 2018 6:41 am

vested

Brokerages Set Cameco Corp (CCO) Target Price at $13.39

by Rob Logan

Cameco Corp (TSE:CCO) (NYSE:CCJ) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports.

One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating on the company.

The average twelve-month target price among analysts that have covered the stock in the last year is C$13.39.

A number of research firms have commented on CCO. Scotiabank increased their target price on Cameco from C$10.50 to C$11.00 and gave the stock an “underperform” rating in a report on Thursday, February 22nd.

TD Securities reduced their target price on Cameco from C$18.00 to C$15.00 in a report on Monday, February 12th.

BMO Capital Markets set a C$15.00 target price on Cameco and gave the stock an “outperform” rating in a report on Monday, February 12th.

Paradigm Capital reduced their target price on Cameco from C$14.50 to C$12.50 and set a “hold” rating on the stock in a report on Thursday, February 8th.

Finally, CSFB reduced their target price on Cameco from C$11.50 to C$11.25 in a report on Monday, January 8th.

Source: Ledger Gazette

https://ledgergazette.com/2018/03/26/br ... 13-39.html
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 Apr 06, 2018 2:06 pm

vested

Cameco (CCJ) in Focus: Stock Moves 5.1% Higher

Cameco Corporation CCJ was a big mover last session, as the company saw its shares rise more than 5% on the day.

The move came on solid volume too with far more shares changing hands than in a normal session.

This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.91 to $9.45 in the past one-month time frame.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either.

The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cameco currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Source: Zack's

https://finance.yahoo.com/news/cameco-c ... 12904.html
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 Apr 07, 2018 6:33 am

vested

3 Potential Catalysts for Cameco Stock in 2018

Can the world's top uranium supplier escape its multi-year rut?

by Maxx Chatsko

1. Japanese nuclear reactor restarts
A total of five previously mothballed reactors have restarted operations, and another 19 reactors were waiting to be restarted as of mid-February.

2. Kazakhstan reining in oversupply

3. Almost any increase in uranium prices
The company estimates that every $5 per pound increase in uranium prices would deliver an additional $54 million in revenue, $32 million in adjusted net earnings, and $42 million in cash flow. That would translate to a spot price of $27 per pound.


Source: Motley Fool

https://www.fool.com/investing/2018/04/ ... -2018.aspx
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

PreviousNext

Return to A to D

Who is online

Users browsing this forum: No registered users and 10 guests