Interest in uranium stocks is blowing up. Uranium stocks are glowing green on Friday, and they have Constellation Energy to thank for it. This morning, the electric utility giant announced plans to restart Unit 1 at the Three Mile Island nuclear power plant by 2028, in order to supply power to Microsoft data centers. In no time flat, shares of uranium mining stocks such as Energy Fuels, Uranium Energy, and Denison Mines began powering up. None went so far as Cameco Corporation (CCJ 7.52%), however, which as ...

There has been lots of press, including Seeking Alpha articles, about the commercial nuclear renaissance. For instance: China is increasing its planned nuclear operations. Small Modular Reactors are under development by a number of worldwide companies. The US administration is Analyst's Disclosure: I/we have a beneficial long position in the shares of CCJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensat ...

Uranium demand is projected to outstrip supply as the world races to expand nuclear energy almost overnight. The U.S. in late 2023 headed up a coalition of countries across four continents pledging to triple nuclear energy capacity by 2050. The Bull Case for Uranium The rapid revival of nuclear power sent uranium prices to their highest levels in over 15 years, soaring from $30 at the start of 2021 to $100 in January 2024. Despite a pullback, uranium prices hover around $80, up roughly 60% since the start o ...

The uranium stock appears to have more upside from here than downside, so pay attention. Shares of Canada-based uranium miner Cameco (CCJ 5.44%) generated rock-solid total returns (including dividends) of 186% on the Toronto Stock Exchange (TSX) in the three years through June 30. Thanks to its strong performance, Cameco stock made it to the TSX30 2024 list, released yesterday. TSX30 is an annual list of the top 30-performing stocks on the stock exchange over a three-year period based on their dividend-adju ...

The latest trading session saw Cameco (CCJ) ending at $37.04, denoting a +0.22% adjustment from its last day's close. The stock lagged the S&P 500's daily gain of 1.16%. Meanwhile, the Dow gained 1.2%, and the Nasdaq, a tech-heavy index, added 1.16%. Prior to today's trading, shares of the uranium producer had lost 6.55% over the past month. This has lagged the Basic Materials sector's loss of 0.87% and the S&P 500's gain of 3.48% in that time. The investment community will be closely monitoring the perform ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? 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 brokerage recommendation (ABR) o ...

HT Ganzo Introduction As most of my readers may know, I have a bullish long-term view of oil and gas. This is also the reason why I'm bullish on uranium. While nuclear energy comes with much higher upfront costs than oil, gas, and renewable energy, it has an unbeatable energy density. Over the past few centuries, humanity has benefitted from increasingly dense energy sources. We started with wood and slowly moved to coal, followed by oil and natural gas. This provided incredible growth in prosperity. One pe ...

You should seriously consider investing in only one of these four uranium stocks. Uranium stocks are ending the week on a strong note, with shares of Cameco (CCJ 6.42%) stock up 5.8% through 10 a.m. ET and smaller rivals Ur-Energy (URG 8.78%), Uranium Royalty (UROY 15.59%), and Uranium Energy (UEC 12.95%) doing even better -- up 8.2%, 9.9%, and 12.7%, respectively. And all four of these nuclear stocks have just one company to thank for their rallies: Kazakhstan's Kazatomprom. What Kazatomprom said today As ...

Core Viewpoint - Cameco Corp is positioned as a leading player in the uranium sector, with strong financial performance and a positive outlook for 2024 despite recent volatility in uranium prices [2][10]. Company Overview - Cameco Corp is valued at approximately $17 billion and is recognized as the world's largest producer of high-grade uranium reserves and low-cost uranium [3]. - The company has a significant presence in the nuclear energy sector, with investments in Westinghouse Electric Company and Global Laser Enrichment [3]. Financial Performance - For the second quarter of 2024, Cameco reported a revenue increase of 24% year-over-year, reaching $598 million, while gross profit rose by 31% to $175 million [8][9]. - Net earnings for the three-month period ending June 30, 2024, were $36 million, a significant increase from $14 million in the same period of 2023 [9]. - The company expects revenue for the full year 2024 to be between $2.85 billion and $3.0 billion, indicating strong cash flow generation [10]. Market Dynamics - The price of uranium has seen fluctuations, peaking at $106 per pound before settling at $81.60 per pound, which impacts the overall sentiment in the uranium sector [6][10]. - Despite the recent sell-off, both Cameco and Denison Mines Corp have shown positive year-to-date performance, with Cameco's stock price oscillating between $34.00 and $56.00 over the past year [4][7]. Future Outlook - The company has a robust contract portfolio with commitments averaging about 29 million pounds per year from 2024 through 2028, suggesting a stable revenue stream [8]. - Technical indicators suggest that Cameco's stock may be oversold, indicating potential for a price correction in the near term [10][15]. - The forward P/E ratio is projected at 66.57, which may attract investors looking for opportunities in the nuclear energy sector [13].

Les the more ni r day r Pr HE = · i in the state . . . . " . " . IW 西南部 t the r 195 型 25 K 44. 800 i - - 19. End 774 36 th ji 3 Michael McCrae Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was cofounder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelm ...