Investors are increasingly looking for robust mining stocks to buy as we approach the second half of 2024. The recovery of the global economy has fueled demand for various metals, from precious metals like gold and silver to base metals like copper and nickel. This surge in demand and supply constraints has pushed prices higher, benefiting mining companies across the board. Meanwhile, the ongoing transition to clean energy has become a key tailwind in mining. Analysts point out how it has driven long-term d ...

With the world fighting to go green, uranium stocks to buy could blast higher. Not only is uranium seeing significant supply-demand issues, but a recent Congressional ban of Russian uranium imports is also fueling upside. In fact, Congress just passed the Russian uranium import ban, which now unlocks about $2.7 billion to expand U.S. nuclear fuel production. In addition, according to MarketWatch.com, "A ban on U.S. imports of Russian uranium is set to shake up the market for nuclear power, and lift prices b ...

Petmal Investment Thesis Cameco Corporation (NYSE:CCJ) is still undervalued, even now. As you'll soon see, this pitch isn't blemish-free. After all, CCJ hedges out a significant amount of its production, meaning that even as uranium prices continue to tick higher, CCJ will not benefit as much as some of its unhedged peers. Nevertheless, CCJ is well poised to continue moving higher into 2025. According to my estimates, CCJ is priced at 37x forward EBITDA, which is a very fair multiple for a company that is t ...

Good news: Cameco is benefiting from a boom in nuclear fuel demand. Bad news: Its price has already gone up a lot. Shares of Canadian nuclear fuel producer Cameco (CCJ 6.48%) were up 6.1% through 11:45 a.m. ET on Friday, helped by a decision by the U.S. government. As Bloomberg reported yesterday, the government wants to buy $3.4 billion worth of nuclear reactor fuel and is soliciting bids from uranium miners. Cameco, the biggest publicly-traded pure play on uranium production, is a logical beneficiary. Why ...

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 ...

Some cheap energy stocks for investors to consider buying in May this year. Framing this article is that the G7 countries have agreed to phase out unabated coal power plants by 2035, with some flexibility for nations heavily reliant on coal. This marks a significant milestone in the global effort to reduce greenhouse gas emissions and limit global warming. Source: The thinkorswim® platform from TD Ameritrade Cameco (NYSE:CCJ) is the world's largest publicly traded uranium miner. It provides a significant po ...

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]