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 ...

Financial Data and Key Metrics Changes - The company remains on track for its 2024 outlook, maintaining liquidity and capital resources with a strong balance sheet guided by an investment-grade rating [33] - The average level of commitments over the next five years increased from £28 million to £29 million per year [25] - The company repaid another $100 million of the remaining principal on the term loan for Westinghouse financing and refinanced $500 million of senior unsecured debentures that matured in June [34] Business Line Data and Key Metrics Changes - Production at MacArthur River, Key Lake, and Cigar Lake operations is on track, with every pound already sold [26] - The expected UF6 production target was reduced from 12,000 tons to 11,000 - 11,500 tons due to temporary operational issues [27] - The combined fuel services guidance range remains unchanged at 13,500 to 14,500 tons, including UF6, UO2, and fuel bundles [28] Market Data and Key Metrics Changes - The spot market was relatively quiet, and long-term contracting volume was much lower than last year due to the Russian uranium import ban [22] - The contracting activity of international utilities is impacted by the waiver process related to the U.S. ban on Russian uranium [23] - The global supply cost curve is expected to move up significantly due to increased costs in Kazakhstan and other geopolitical factors [32] Company Strategy and Development Direction - The company is focused on capturing fundamental demand across the fuel cycle while being selective in committing uranium inventory to maintain exposure to rising prices [21] - The company is evaluating work and capital requirements to expand production capacity at MacArthur River and Key Lake from £18 million to £25 million per year [26] - The strategy is resilient to market uncertainties, with a focus on maintaining a diversified portfolio of production [74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of nuclear energy demand, driven by bipartisan political support and the need for reliable, carbon-free energy sources [15] - Concerns were raised about the impact of the new mineral extraction tax in Kazakhstan, which could significantly affect production costs and future investment decisions [30] - The company anticipates strong cash flow generation due to improving prices under its long-term contract portfolio and higher UF6 conversion production [33] Other Important Information - The company announced changes to its executive team, with Rachelle Girard appointed as Senior VP and Chief Corporate Officer [36] - The company is not currently seeking external acquisitions but is focused on maximizing its existing assets and projects [93] Q&A Session All Questions and Answers Question: Can the company beat its production guidance given the strong performance at MacArthur River? - Management expressed delight with the performance and noted that both MacArthur and Key Lake are performing exceptionally well, but they prefer not to get ahead of themselves regarding guidance [39][46] Question: How should investors think about the Inkai business in light of the sulfuric acid shortage and MET changes? - Management acknowledged a long-standing positive relationship with Kazakhstan but expressed increasing concern about the new MET changes and ongoing operational challenges [54] Question: What is the outlook for Westinghouse and its growth potential? - Management indicated that the Westinghouse deal is performing better than expected, with strong opportunities for growth in the nuclear fuel cycle [56][58] Question: How is the company approaching contracting in the current market? - Management emphasized a disciplined approach to contracting, focusing on favorable terms and conditions while capturing demand as it arises [110]

It's time to buy and hold long-term uranium stocks. Plus, as noted by Wells Fargo, after years of flat power growth in the U.S., electricity demand could grow as much as 20% by 2030. Again, because of the AI data center demand. Cameco (CCJ) Plus, with supply unlikely to match demand any time soon, the argument for further upside is easy to make. Also, as noted by Cameco Chief Executive Officer Tim Gitzel, market tightness, mine depletion and underinvestment will keep uranium prices high. Source: Shutterstoc ...

Image Source: Zacks Investment Research Over the trailing four quarters, Cameco's earnings missed the Zacks Consensus Estimate thrice and surpassed the same in one quarter. CCJ has an average trailing four-quarter negative earnings surprise of 21.6%. Factors to Note Although uranium prices had peaked at a 16-year high of $106 per pound on Jan 22, 2024, the spike was shortlived and the uranium market experienced a moderate pullback since then. Despite the cooldown, prices remained above the $80 level, buoyed ...

Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Cameco (CCJ) . Of the 12 recommendations that derive the current ABR, nine are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 75% and 16.7% of all recommendations. Check price target & stock forecast for Cameco here>>> Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analys ...

I feel that each investor should carefully consider these uranium multibagger stocks as potential investments for their portfolio. As InvestorPlace reported previously, the current move towards cleaner forms of energy is making nuclear power one of the most sought-after energy sources. Due to the unstable oil prices and the termination of thermal coal burning, nuclear energy is gaining importance. Such countries as China, India and Russia are already at the forefront of this race, having numerous nuclear re ...