Core Viewpoint - Cameco is positioned as the leading provider of uranium, essential for the nuclear power industry, and has demonstrated significant financial performance with a 250% increase in share price over two years [1]. Group 1: Company Overview - Cameco's current stock price is $55.19, reflecting a gain of 2.60% [1]. - The company has a 52-week price range of $35.43 to $58.72, with a dividend yield of 0.14% and a P/E ratio of 128.35 [1]. - The price target for Cameco is set at $66.56, indicating potential upside [1]. Group 2: Business Fundamentals - The demand for nuclear fuel is increasing, supporting Cameco's business model, which includes ample reserves and positive cash flow [2]. - Cameco has 485 million pounds of U₃O₈ reserves, equating to approximately 16 years of sales at current production levels [3]. - The company has diversified its revenue streams through the acquisition of Westinghouse, enhancing growth opportunities [2]. Group 3: Market Dynamics - Uranium prices have been on the rise since 2017, driven by increasing demand, with projections for continued growth [4]. - Major tech companies like Amazon, Google, and Microsoft are investing in nuclear projects to power their data centers, which is expected to boost demand for uranium [5]. Group 4: Financial Performance and Outlook - The capital return is stable, with a payout ratio of 15% of earnings, and substantial earnings growth is anticipated in 2025 [6]. - Analysts project a 95.18% growth in earnings, with a consensus rating of "Buy" and a price target 25% above recent highs [7][8]. - Institutional ownership stands at 72%, contributing to a 28% price increase for the year [7]. Group 5: Technical Analysis - The stock price trend is upward, with strong support at approximately $52.50, indicating resilience against potential pullbacks [9].

If you liked this article and would like to stay updated on Cameco Corporation, consider subscribing to the investing group Green Growth Giants . The stock has been covered there 14 times since early 2023, either as a standalone stock or as part of nuclear energy ETF and broader sector stories. Canadian uranium miner Cameco (NYSE: CCJ ) has seen a healthy increase of 25% this year, which makes it a standout stock, considering that the Global X Uranium ETF ( URA ), the biggest uranium ETF by assets under man ...

DESIGNATED NEWS RELEASEVANCOUVER, BC, Oct. 28, 2024 /PRNewswire/ - Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) ("URC" or the "Company") is pleased to announce that it acquired an existing royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan, Canada (the "Projects") from a third-party industrial gas company for total cash consideration of $6 million.Highlights: Figure 1 - Location of the Millennium deposit – Source: Cameco Corporation website (CNW Group/Uranium Royalty Corp. ...

Group 1: Industry Overview - The growth of artificial intelligence (AI) is driving an increasing demand for clean energy, particularly nuclear energy, creating investment opportunities in nuclear energy-related equities [1] - The demand for nuclear energy is closely tied to uranium, leading to increased investor interest in uranium-related investment products [1] Group 2: Cameco (NYSE: CCJ) - Cameco is one of the largest uranium producers globally, which instills confidence in its equity among investors [2] - Recent partnerships with nuclear energy players, such as Brookfield Renewable Partners, are notable growth drivers for Cameco [2] - BofA Securities raised its price target for Cameco to $63 from $60 while maintaining a 'Buy' rating, and Goldman Sachs set a price target of $55 [2] - The upcoming earnings report on November 7 is expected to show a profit of $0.28 per share, reflecting a year-over-year growth of 16.67%, with revenue projected at $532.06 million, up 24.12% from last year [2] Group 3: NuScale Power (NYSE: SMR) - NuScale Power is recognized for its role in small modular reactor (SMR) technology, offering compact and scalable reactor designs [3][4] - The company has entered an agreement with Fluor and Transworld Services for Front-End Engineering and Design services related to its SMR project in Romania [4] - Despite reporting a net loss of $74.4 million in Q2 2024, NuScale maintains a solid cash position of $136 million [4] - Analysts have issued 'Buy' ratings for SMR stock, which has shown strong performance, reaching a record high of nearly $20, and is currently valued at $18.41 with year-to-date returns of 86% [4]

This leading nuclear power stock has outperformed the S&P 500 index in 2024. Should investors still look to charge up their portfolios with it?These days, unlike a few years ago, discussions about renewable energy stocks aren't just narrowly focused on solar and wind power. Instead, nuclear energy stocks like Cameco (CCJ -0.94%) are also commanding attention from investors seeking alternative energy exposure.Investors also recognize that artificial intelligence companies are placing sizable power demands on ...

Amazon’s NASDAQ: AMZN $500 million investment in nuclear power is a sign that nuclear power has reached a critical mass. Not the company’s first investment in nuclear and not the first investment by a major tech company, the news shows how important nuclear is for AI and the evolution of technology. Amazon, Google NASDAQ: GOOGL, and Microsoft NASDAQ: MSFT are all investing in nuclear energy, and others will likely follow suit because advancements in nuclear energy technology are a win-win for the industry. ...

Popular renewable energy sources just aren't growing fast enough for the world to reach its current carbonreduction goals. Last month, utility company Constellation Energy unveiled plans to restart one of the two now-mothballed nuclear reactors at Pennsylvania's Three Mile Island power facility. On the surface it doesn't mean much. The world needs more electricity right now. Nuclear is a quickly accessible low-cost option. There was a curious detail within Constellation's press release, however. That is, al ...

Cameco looks poised to ride the wave in nuclear energy. Thanks to the emergence of artificial intelligence (AI), cloud computing companies have increasingly been turning their attention toward nuclear power. And with nuclear power comes the need for more uranium. Let's take a closer look at what is going in the nuclear power sector and how this could impact uranium miner and nuclear service provider Cameco (CCJ 2.38%). AI and nuclear power As major tech companies rush to build AI-focused data centers, they ...

Group 1: Industry Overview - Major tech companies are increasingly signing deals to purchase power from nuclear energy producers, indicating a positive trend for the nuclear energy sector [1][3] - The recognition of nuclear power's role in providing safe, clean, and carbon-free energy is growing, especially as the transition to renewable energy is expected to be slower than anticipated [3] Group 2: Company Focus - Cameco (CCJ) has seen a 10.4% rise in stock value, positioning itself as a leading investment in the nuclear energy theme [1] - Cameco operates in three segments: uranium production, uranium fuel services, and a 49% interest in Westinghouse, making it a strong player in the nuclear supply chain [2] - The company is well-positioned to meet the increasing private sector demand for nuclear energy, as it estimates that 80% of primary uranium production is state-owned [3]

Group 1 - The uranium mining sector experienced significant capital gains, with some stocks showing double-digit increases [1] - The article highlights the importance of planning and cost control in investment success, drawing parallels to project management principles [1] Group 2 - The analyst has a beneficial long position in shares of specific companies, indicating a positive outlook on their performance [2] - The article emphasizes that past performance does not guarantee future results, reflecting a cautious approach to investment recommendations [2]