For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cameco (CCJ) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Cameco is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank cons ...

Whenever the discussion pivots to stocks to buy for long-term growth, invariably, the “accretive” technology sector garners a tremendous amount of the spotlight. By accretive, I’m referring to solutions that forward productivity, such as artificial intelligence or electric vehicles. However, many other sectors warrant consideration, especially if we’re going to extend the timeline.In particular, some rising evidence points to much-hyped endeavors potentially not meeting muster. Let’s look at generative AI. ...

Key TakeawaysCameco shares jumped on Friday after the price of uranium climbed to its highest level in 16 years amid supply concerns.Last year, Cameco cut output guidance for two of its largest mines due to operational challenges. CCJ shares gapped above their December high on the highest trading volume since early June, indicating buyer conviction.Here is a look at a chart tied to Cameco's recent news-driven price move, with important technical levels to monitor.Source: TradingView.com.Uranium mining giant ...

Worries over Kazakhstan's ability to maintain the production levels necessary to keep the world supplied with uranium sparked a bull market in uranium stocks on Friday. Shares of Cameco (CCJ 7.01%), the world's No. 2 producer of uranium and by far the most valuable uranium stock in the West with a $22 billion market capitalization, gained nearly 10% in afternoon trading, while smaller Denison Mines (DNN 8.89%) and Uranium Energy (UEC 12.39%) both surged past 10% gains.As noted earlier today, both uranium an ...

Bad news out of Kazakhstan sparked a surge in the share prices of multiple uranium stocks on Friday, with shares of companies such as Cameco (CCJ 7.74%) and Denison Mines (DNN 8.33%) rising 9.6% and 9.7% through 1:15 p.m. ET, while Corpus Christi, Texas-based uranium producer Uranium Energy (UEC 11.83%) beat them both with a 12.1% gain.As the Financial Times reported this morning, Kazakh uranium mining company Kazatomprom has warned that a lack of supply of sulfuric acid, used in the extraction of uranium m ...

Shares of a wide range of uranium stocks are seeing a big upside today as investors price some rather bullish prospects into uranium producers to kick off 2024. For major players such as Cameco (NYSE:CCJ), Uranium Energy (NYSE:UEC) and NexGen Energy (NYSE:NXE), this enthusiasm has prompted share price gains of between 7% and 12% at the time of writing.Much of this move concerns surging uranium prices, which have risen to their highest levels since 2007. This move has led various analysts to suggest that the ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Cameco (CCJ) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.Cameco is one of 236 individual stocks in the Basic Materials sector. Colle ...

PALM BEACH, Fla., Jan. 10, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Nuclear power is becoming a more dependable and scalable energy source due to the world's growing demand for electricity, particularly in emerging economies. Thus, the market for uranium mining is supported. Nuclear power becomes a more appealing alternative as countries work to fulfill these targets and switch to low-carbon energy sources. In order to meet these environmental goals, increasing nuclear power depends heavily ...

Cameco Corporation (NYSE:CCJ) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Rachelle Girard - VP-IR Tim Gitzel - President and CEO Grant Isaac - EVP and CFO Heidi Shake - SVP and Deputy CFO Sean Quinn - SVP, Chief Legal Officer and Corporate Secretary Conference Call Participants Orest Wowkodaw - Scotiabank Ralph Profiti - Eight Capital Lawson Winder - Bank of America Gordon Johnson - GLJ Research Katie Lechapelle - Canaccord Genuity Brian MacArthur - Raymond James Alex M ...

As at December 31, 2022 The fair value of Cameco's long-term debt is determined using quoted market yields as of the reporting date, which ranged from 4.0% to 5.1% (2022 - 3.3% to 4.2%). The following table summarizes the fair value of derivatives and classification on the consolidated statements of financial position: Cost of sales in the uranium segment includes care and maintenance costs for our operations that have had production suspensions as well as operational readiness costs for our operations that ...