Cameco (CCJ)

Re: Cameco (CCJ)

Postby winston » Tue Apr 17, 2018 7:41 am

Cameco +6% on report that Russia considers banning uranium exports

Cameco (CCJ +5.9%) spikes higher after Russia is said to be preparing a ban of uranium exports, a move that would help the company as Russia represents 40% of U.S. imports.

A draft bill was submitted to Russia's Duma, the lower house of the country's parliament, that would ban all trade between state-owned nuclear power company Rosatom and U.S. nuclear power companies, according to TD Securities.

The bill could be considered and possibly adopted during the next Duma session next week, TD says.

Source: Seeking Alpha

https://www.investing.com/news/stock-ma ... ts-1396883
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Re: Cameco (CCJ)

Postby winston » Tue Apr 17, 2018 7:41 am

Cameco +6% on report that Russia considers banning uranium exports

Cameco (CCJ +5.9%) spikes higher after Russia is said to be preparing a ban of uranium exports, a move that would help the company as Russia represents 40% of U.S. imports.

A draft bill was submitted to Russia's Duma, the lower house of the country's parliament, that would ban all trade between state-owned nuclear power company Rosatom and U.S. nuclear power companies, according to TD Securities.

The bill could be considered and possibly adopted during the next Duma session next week, TD says.

Source: Seeking Alpha

https://www.investing.com/news/stock-ma ... ts-1396883
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Re: Cameco (CCJ)

Postby winston » Tue May 01, 2018 11:50 pm

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Cameco posts surprise profit on higher uranium prices

April 27 (Reuters) - Canada's Cameco Corp reported a surprise profit for its first quarter on Friday, as the largest listed uranium producer benefited from higher prices and lower costs.

The Saskatchewan-based company said its average price for uranium rose about 25 percent to $42.92 per pound, while sales volumes rose nearly l6 percent to 6.6 million pounds.

Cameco in January suspended production from the McArthur River mine, the world’s biggest uranium mine, to cut costs and lower supply to an oversupplied uranium market. Its production fell to a third of what they were a year ago.

On an adjusted basis, the company earned 6 Canadian cents per share, while analysts had expected a loss of 1 Canadian cent, according to Thomson Reuters I/B/E/S.

Net earnings were C$55 million, or 14 Canadian cents per share, in the quarter ended March 31, compared with a loss of C$18 million, or 5 Canadian cents per share, a year earlier.

Earnings were helped by a C$49 million gain on the restructuring of its Inkai joint venture with Kazakhstan.

Revenue rose to C$439 million from C$393 million.

Source: Reuters

https://finance.yahoo.com/news/cameco-p ... 13415.html
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Re: Cameco (CCJ)

Postby winston » Wed May 23, 2018 8:17 am

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Cameco could see competition

Shares of Cameco finished down almost 7%.

The uranium specialist got bad news from a couple of sources.

Analysts at RBC Capital downgraded Cameco from outperform to sector perform.

Additionally, a commentary in The Wall Street Journal highlighted a potential competitive threat to the uranium producer's shares, as a potential rival could get a hearing from the U.S. Supreme Court.

State regulators in Virginia had blocked development of the uranium mine, which could have 120 million pounds of reserves, but the prospects for a federal court overruling those limitations had investors in Cameco worried about new potential oversupply problems.

Cameco has already had to deal with low prices in the uranium market, and the new threat only makes the future cloudier for the company.

Source: Motley Fool
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Re: Cameco (CCJ)

Postby winston » Mon May 28, 2018 8:14 pm

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Uranium Price Drops Are Killing Cameco Corp. Today, but Setting Up a Brighter Future

The miner is hit hard by weak uranium prices, but there's a silver lining if prices start to pick up by 2020.

by Reuben Gregg Brewer

Cameco recently announced that it was going to buy uranium on the spot market to satisfy its contracted demand, suggesting it is cheaper to buy uranium than mine it today.


Source: Motley Fool

https://www.fool.com/investing/2018/05/ ... today.aspx
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Re: Cameco (CCJ)

Postby winston » Sun Aug 05, 2018 7:49 am

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Cameco needs to keep buying large volumes from the spot market to fulfill its contracts including 11-15 million pounds through 2019, which is over 20% of the spot market.

Source: Equities.com
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Re: Cameco (CCJ)

Postby winston » Sun Aug 05, 2018 8:20 am

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Cameco : Ceasing Production Protects Uranium Market

Jul. 28, 2018

Summary

More jobs to go from halting production at the McArthur River and Key Lake.
Probe into Uranium imports into the US hasn't helped.
We remain bullish though on both Uranium & Cameco.

Source: Seeking Alpha

https://seekingalpha.com/article/419153 ... ngcom_feed
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Re: Cameco (CCJ)

Postby winston » Thu Sep 27, 2018 10:20 pm

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Tax Court of Canada rules in favour of Cameco

SASKATOON, Saskatchewan, Sept. 26, 2018 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years.

Source: Globe Newswire

http://globenewswire.com/news-release/2 ... ameco.html
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Re: Cameco (CCJ)

Postby winston » Thu Sep 27, 2018 10:28 pm

Uranium Producer to Boost Ownership of Project in Saskatchewan

09/07/2018

A ROTH Capital Partners report covers the terms of the proposed transaction and the impact on this company.

In a Sept. 6 research note, Joe Reagor, a ROTH Capital Partners analyst, reported Denison Mines Corp. (DML:TSX; DNN:NYSE.MKT) agreed to acquire Cameco's 24% interest in the Wheeler River uranium project for 24.6 million Denison shares. The shares were valued at $0.65 apiece, for a total of $16 million.

That amount compares to $94 million, the difference between the values ROTH attributes to Denison's shares pre and post acquisition, $392.3 million and $486.4 million, respectively, Reagor pointed out.

Because the Toronto-headquartered producer "paid a below market price," for the stake, noted Reagor, ROTH increased its target price on the company to US$1.20 per share from US$1.10. Denison is currently trading at around US$0.48 per share.

The deal, which Reagor described as "accretive," will boost Denison's ownership in Wheeler River to 90%, assuming the other partner of the joint venture, JCU Exploration, does not exercise its right of first refusal to acquire a prorated portion of Cameco's interest, which would amount to about 3.16%. Should it do so, Denison's ownership of the project would be roughly 86.48%.

Reagor concluded the report by adding the transaction should benefit Denison shareholders because they will have a "larger percentage of future resource increases as the company continues to explore the project."

ROTH maintains its Buy rating on Denison.

Source: Streetwise Reports

https://www.equities.com/news/uranium-p ... skatchewan
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Re: Cameco (CCJ)

Postby winston » Fri Sep 28, 2018 6:50 am

Cameco (CCJ) Upgraded by BMO Capital Markets to “Outperform”

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report released on Thursday, The Fly reports.

Other research analysts have also recently issued reports about the company. TD Securities raised Cameco from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th.

TheStreet downgraded Cameco from a “c” rating to a “d+” rating in a research note on Monday, July 30th.

Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday, September 21st.

Finally, Raymond James raised Cameco from a “market perform” rating to an “outperform” rating in a research note on Thursday.

Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company.

Cameco has a consensus rating of “Hold” and an average target price of $18.00.

Source: ABN

https://www.americanbankingnews.com/201 ... rform.html
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