Cameco Corporation (CCJ) is scheduled to report first-quarter 2024 results on Apr 30, before the opening bell.Q1 EstimatesThe Zacks Consensus Estimate for CCJ’s first-quarter earnings is pegged at 33 cents per share, which indicates a 65% improvement from 20 cents per share reported in the year-ago quarter. The estimate has remained stable over the past 30 days.Q4 PerformanceCameco reported adjusted earnings per share of 15 cents in the fourth quarter of 2023 compared with 7 cents in the year-ago quarter. T ...

Cameco (CCJ) closed the latest trading day at $49.59, indicating a -1.74% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 1.46%. Meanwhile, the Dow lost 1.24%, and the Nasdaq, a tech-heavy index, lost 1.63%.The the stock of uranium producer has risen by 26.33% in the past month, leading the Basic Materials sector's gain of 3.2% and the S&P 500's gain of 1.6%.Market participants will be closely following the financial results of Cameco in its upcoming r ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Cameco (CCJ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Cameco currently has an average brok ...

Cameco (CCJ) closed the latest trading day at $47.90, indicating a -1.74% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.The uranium producer's shares have seen an increase of 19.57% over the last month, surpassing the Basic Materials sector's gain of 3.94% and the S&P 500's gain of 1.65%.Analysts and investors alike will be keeping a close eye on the performance of C ...

Investors are getting excited about the energy sector. The price of crude oil has topped $86 per barrel once again and is now at its highest level in months. Geopolitical uncertainty has played into the move. With the conflict in the Middle East and the ongoing problems with Russia, investors are pricing potential supply constraints into the oil market. In addition, the economy continues to run hotter than expected and inflation remains above long-term targets. This inflation-driven economic backdrop should ...

Big Bases Can Breed Big ProfitsThe old Wall Street adage “the longer the base, the higher in space” in technical analysis refers to the idea that the longer a price consolidates or trades within a range (forming a base), the more significant the subsequent breakout tends to be. In other words, extended periods of sideways movement often precede powerful upward movements in prices. Breakouts to fresh highs indicate that the price has surpassed previous resistance levels, and no significant overhead resistanc ...

PALM BEACH, Fla., April 02, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Production of Uranium globally is projected to increase and also to reach all time highs. A recent report from Mining.com said that Global uranium production is expected to grow by 11.7% to more than 60.3 kilotonnes (kt) in 2024, according to estimates by UK-based analytics firm GlobalData, with the production rise predominantly coming from key producers such as Kazakhstan and Canada. It added: "Kazakhstan is expected to d ...

With the world fighting to go green, you may want to load up on clean energy stocks.For one, according to the U.S. Department of the Interior, “The demand for renewable energy has never been greater. The technological advances, increased interest, cost-effectiveness, and tremendous economic potential make these projects a promising path for diversifying our national energy portfolio while at the same time combatting climate change and investing in communities.”Two, 200 countries recently agreed to transitio ...

Starting off the new month on a positively energetic note, Cameco (CCJ 5.49%) stock is shooting higher today. While both the S&P 500 and Dow Jones Industrial Average are in the red, investors are clicking the buy button on the uranium producer's stock after learning of some favorable attention that the stock is receiving from Wall Street.As of 11:15 a.m. ET, shares of Cameco are up 5.5%, retreating from their earlier rise of 7.4%.Goldman Sachs gives Cameco stock a green lightInitiating coverage on Cameco, G ...

The uranium sector is integral to the production of nuclear energy. In detail, it provides the raw materials needed for nuclear power plants worldwide. As countries seek cleaner energy alternatives to fossil fuels, the demand for uranium for nuclear energy production has the potential to grow. This sector encompasses mining companies, exploration firms, and those involved in the processing and transportation of uranium. The increasing focus on reducing carbon emissions and securing stable energy supplies co ...