Cameco (CCJ) is trading at a forward price-to-sales ratio of 9.91, significantly higher than the industry’s 1.33. It is also above its three-year median of 6.77. CCJ’s Value Score of F suggests that the stock is not so cheap and indicates a stretched valuation at this moment. Image Source: Zacks Investment ResearchYear to date, Cameco shares have gained 30.9% against the industry’s 13.2% decline. Meanwhile, the broader Zacks Basic Materials sector has declined 3.3%, while the S&P 500 has climbed 27.4%.CCJ S ...

Core Insights - The rise of artificial intelligence (AI) is prompting companies to reevaluate their energy strategies while committing to reduce carbon emissions to combat climate change [1] - Several countries have endorsed a Declaration to triple nuclear energy capacity by 2050, supported by major financial institutions, highlighting nuclear energy's critical role in future clean energy needs [2] Company Summaries - **Constellation Energy**: As a leading clean-energy producer in the U.S., Constellation generates 32,400 megawatts of capacity, with 86% from nuclear sources. The company supplies about 10% of the nation's clean energy and 90% of its energy is carbon-free. The demand for carbon-free nuclear power positions Constellation as a strong investment opportunity [6] - **Cameco**: A major player in the uranium industry, Cameco operates significant mining operations in Canada and the U.S. The company is set to produce 23.1 million pounds of uranium this year. With tight supplies and rising demand, particularly due to the U.S. ban on Russian uranium imports, Cameco is well-positioned for growth [8][10] - **NuScale Power**: NuScale is pioneering small modular reactors (SMRs), which offer a scalable approach to nuclear energy. The company has secured Standard Design Approval for its 50-megawatt SMR. Despite facing challenges, such as project delays, NuScale's technology is attracting interest from tech companies and investors, making it a stock to watch [11][14][15]

Core Viewpoint - Cameco (CCJ) has shown strong stock performance recently, outperforming the S&P 500 and the broader mining industry, raising questions about its future trajectory [1] Earnings Estimate Revisions - The consensus earnings estimate for Cameco is $0.18 per share for the current quarter, reflecting a year-over-year increase of +20%, but has seen a significant downward revision of -23.6% over the last 30 days [4] - For the current fiscal year, the consensus estimate is $0.51, indicating a year-over-year decline of -10.5%, with a notable change of -38.6% in the last month [4] - The next fiscal year's consensus estimate of $1.33 suggests a substantial increase of +161.2% compared to the previous year, although it has also been revised down by -17.9% recently [5] Revenue Growth - The consensus sales estimate for the current quarter is $735.56 million, representing a year-over-year increase of +18.6% [8] - For the current fiscal year, the revenue estimate is $2.17 billion, indicating a growth of +13.4%, while the next fiscal year's estimate of $2.49 billion reflects a +14.9% change [8] Last Reported Results and Surprise History - In the last reported quarter, Cameco generated revenues of $528.24 million, a year-over-year increase of +23.2%, but reported an EPS of -$0.01 compared to $0.24 a year ago [9] - The company has consistently missed consensus revenue and EPS estimates over the last four quarters, with a revenue surprise of -4.16% and an EPS surprise of -103.85% in the last quarter [10] Valuation - Cameco is graded F in the Zacks Value Style Score, indicating it is trading at a premium compared to its peers [14] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) suggest that the stock may be overvalued relative to its historical values and peers [12][13] Bottom Line - The current Zacks Rank of 3 suggests that Cameco may perform in line with the broader market in the near term, despite the mixed signals from earnings estimates and valuation metrics [15]

Shares in uranium, nuclear fuels, and nuclear operating plant services company Cameco Corporation (CCJ 0.37%) powered higher by 15.2% in November, according to data provided by S&P Global Market Intelligence. The move coincides with a solid third-quarter earnings report released early in the month in an environment of improving optimism around the role of nuclear energy in the provision of power.Cameco powers higherThe underlying results from Cameco were good in the third quarter, with adjusted earnings bef ...

Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .As most of you may know, most of my research is based on the "big picture," which includes interrelated factors like macroeconomics, geopolitics, and supply chains. Right now, all of these are extremely volatile.Analyst’s Disclosure: I/we have no stock, option or similar derivat ...

Even if Wall Street is right about uranium prices, it could still be wrong about Cameco."Buy low, sell high" -- that's most investors' goal when investing in a stock, but it's easier said than done. How do you know if a stock will go up or down before you buy it?Take Cameco Corporation (CCJ 2.84%) for example. It's the biggest publicly traded uranium mining stock by market cap in the world and the second biggest by sales. (In Kazakhstan, Kazatomprom makes more money but is worth less). Helped by surging ura ...

Investment Rating - The report assigns a "Buy" rating to Cameco (CCJ.US) with a target price of $70.81, indicating a potential upside of 20.8% from the recent closing price [1]. Core Insights - Cameco is a leading global uranium resource company, involved in the entire nuclear fuel cycle from exploration to fuel services. The company has significant uranium resources and operates several high-quality uranium mines globally, primarily in Canada and Kazakhstan [1][40]. - The uranium resource business has shown strong revenue growth, with revenues of CAD 10.55 billion, CAD 14.80 billion, and CAD 21.52 billion from 2021 to 2023, respectively. The business is expected to benefit from rising uranium prices due to increasing demand [1][77]. - The nuclear fuel services segment is also a key contributor, with a revenue of CAD 4.04 billion, CAD 3.65 billion, and CAD 4.26 billion from 2021 to 2023, maintaining a gross margin of around 30% [1][96]. Summary by Sections Company Overview - Cameco is the largest uranium resource company globally, headquartered in Saskatoon, Canada, and listed on the NYSE since 1996 [40]. Main Business Segments Uranium Resource Business - The uranium resource business is the primary revenue source, accounting for over 70% of total revenue. The company has a significant market share, producing over 30 million pounds of U3O8 annually, which is more than 25% of global production [1][77]. - The company operates several high-grade uranium mines, including McArthur River and Cigar Lake, with substantial proven and probable reserves [1][79]. Nuclear Fuel Services Business - The nuclear fuel services segment includes refining, conversion, and fuel manufacturing services. Cameco operates one of the largest commercial uranium refining plants globally, with a design capacity of 24 million kgU [1][96]. Industry Analysis - The global nuclear power sector is experiencing renewed interest, with countries aiming to triple nuclear power capacity by 2050. This trend is expected to drive demand for uranium and positively impact uranium prices [1][117].

Toronto, Ontario--(Newsfile Corp. - November 26, 2024) - Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") is pleased to announce the approval of a $1.2 million drilling program at the Smart Lake Joint Venture (JV) Project, marking a significant return to this highly prospective project within the southwestern Athabasca Basin, Saskatchewan, Canada.The Smart Lake JV, jointly owned by Cameco Corporation (73%) and Purepoint (27%), exemplifies Purepoint's strategy of advanc ...

Nuclear power is making a comeback. Over the past year, 31 nations have signed the Declaration to Triple Nuclear Energy, pledging to triple their nuclear energy capacity by 2050. Major financial institutions like Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley are on board, amplifying this wave of support.When you pair this with relentless demand for energy from the tech industry, it's clear that nuclear power will play a vital role in the future of clean energy. One of the key players in the ...

With Cameco (CCJ 3.47%) trading at roughly 26 times its estimated 2025 earnings, no investor is buying stock in this uranium, nuclear fuel services, and nuclear plant services company for what it is now. It's far more likely they are buying for what it could become in the future.As such, the case for the stock doesn't just rest on a "connect the dots" approach to its metrics and the possibility of an expanded role for nuclear energy. There is something more going on here. Let's explore.The case for CamecoTh ...