With news that the Russians opened another front in its belligerence against Ukraine, it's clear that energy stocks to buy need to rise to the forefront. Geopolitically, the narrative is only becoming more intense, with fears rising that global supply chains could be disrupted. It's not a far-fetched concept. Before Congress approved an import ban on Russian-sourced uranium, concerns existed that the Kremlin could choose to cut supplies of the critical energy resource to the U.S. and Western nations. With t ...

FN Media Group News Commentary PALM BEACH, Fla., May 7, 2024 /PRNewswire/ -- An article from REUTERS on the Uranium markets earlier this year painted a prosperous picture for the global Uranium.  The report said: "Investment banks Goldman Sachs and Macquarie as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient spike. While many other investment banks are still avoiding uranium, Goldman and Macquarie are boosti ...

Uranium specialist Cameco (NYSE:CCJ) has struggled in recent sessions as investors digested its latest financial results. While the print was somewhat downcast, the market appears to be ignoring the broader positive backdrop. Therefore, CCJ stock could be a higher-risk, higher-reward contrarian bullish opportunity.On Tuesday, the uranium producer reported a net loss of $7 million in the first quarter. The comparison to the year-ago quarter’s $119 million profit was rough. Further, sales declined to $634 mil ...

Financial Data and Key Metrics Changes - The first quarter performance was as expected, with operational, marketing, and financial strategies aligning to benefit from the positive momentum in the nuclear energy market [17][41] - The company maintained its 2024 operational and financial guidance metrics across all business segments after the first quarter [41] Business Line Data and Key Metrics Changes - The uranium segment's production rates and total production costs continued to reflect a transition back to a Tier 1 cost structure [41] - The company layered in additional long-term contracts, increasing annual commitments to an average of about 28 million pounds per year from 2024 through 2028 [42] Market Data and Key Metrics Changes - The term price for uranium has increased from $68 at the end of the previous year to $77.50, indicating upward pressure on prices due to strong demand and security of supply concerns [48][72] - The market is not yet at replacement rate for uranium, suggesting continued constructive conditions for pricing [72] Company Strategy and Development Direction - The company is focused on leveraging its position in the nuclear energy sector to meet the growing global demand for carbon-free energy, emphasizing the importance of nuclear power in achieving Net Zero targets [12][37] - The strategy includes a cautious approach to production, waiting for demand signals before increasing output, thereby avoiding the pitfalls of overproduction seen in the past [105][126] Management's Comments on Operating Environment and Future Outlook - Management highlighted the geopolitical risks affecting global supply chains and transportation, which have impacted nuclear fuel procurement strategies [18] - The company expressed confidence in its ability to navigate these challenges while maintaining transparency with stakeholders [18] Other Important Information - The company is actively involved in discussions with policymakers to address industry fundamentals and promote nuclear energy as a key component of energy security and climate change mitigation [34][40] - The company is also exploring the Don Lake project, with plans for a summer drill program to assess mineralization results [115] Q&A Session Summary Question: Can you provide an overview of Westinghouse's performance and guidance? - Management acknowledged that Westinghouse's performance exceeded expectations, with some accounting impacts due to inventory sales [21][22] Question: What is the outlook for uranium supply and contracting? - Management indicated that utilities are looking for material well into the mid-2030s, reflecting a shift in supply security dynamics [25] Question: Can you discuss the impact of sulfuric acid supply on production guidance? - Management confirmed that sulfuric acid supply is tight, but there is increasing confidence that the production target of 8.3 million pounds is achievable [52][53] Question: What are the current contracting strategies and price escalators? - Management noted that the environment for price escalators has improved, with contracts reflecting increased security of supply concerns [66][93] Question: How is the company positioned regarding future uranium contracts? - Management stated that the company has only committed about 20% of its reserves, leaving significant capacity for future contracts [60][111]

In the latest trading session, Cameco (CCJ) closed at $49.16, marking a +0.82% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.46% for the day. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.The uranium producer's shares have seen an increase of 14.16% over the last month, surpassing the Basic Materials sector's loss of 1.93% and the S&P 500's loss of 3.04%.Market participants will be closely following the financial results of Cameco in ...

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 ...