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 ...

Cameco (CCJ) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this uranium producer have returned -5%, compared to the Zacks S&P 500 composite's +3.1% change. During this period, the Zacks Mining - Miscellaneous industry, which Cameco falls in, has lost 7.7%. The key question now is: What could be the stock's future direction?While media releases or ...

Shares of Cameco (CCJ) have gained 6% since it reported third-quarter 2024 results on Nov. 6. CCJ incurred a loss of 1 cent in the quarter against earnings of 24 cents in the year-ago quarter. However, revenues improved 23% year over year. Cameco missed the Zacks Consensus Estimate for revenues and earnings.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The CCJ stock closed at $54.41 yesterday, 7% below its 52-week high of $54.41 and 53.6% above its 52-week low of $35.43. Year to d ...

Harrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic background in financial econometrics, economic forecasting, and global monetary economics.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such position ...