Latest news with #CamecoCorporation
Yahoo
6 days ago
- Business
- Yahoo
Cameco (CCJ) Rises Higher Than Market: Key Facts
In the latest trading session, Cameco (CCJ) closed at $77.91, marking a +2.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.52%, while the tech-heavy Nasdaq added 0.74%. The stock of uranium producer has risen by 9.36% in the past month, leading the Basic Materials sector's loss of 0.05% and the S&P 500's gain of 4.2%. Investors will be eagerly watching for the performance of Cameco in its upcoming earnings disclosure. In that report, analysts expect Cameco to post earnings of $0.36 per share. This would mark year-over-year growth of 260%. Meanwhile, the latest consensus estimate predicts the revenue to be $681.82 million, indicating a 56% increase compared to the same quarter of the previous year. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.09 per share and revenue of $2.51 billion. These totals would mark changes of +122.45% and +10.16%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 2.42% rise in the Zacks Consensus EPS estimate. Right now, Cameco possesses a Zacks Rank of #3 (Hold). In the context of valuation, Cameco is at present trading with a Forward P/E ratio of 70.08. This expresses a premium compared to the average Forward P/E of 21.65 of its industry. The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 41% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cameco Corporation (CCJ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
03-07-2025
- Business
- Yahoo
Desjardins Raises Cameco (CCJ) Price Target to C$105 on Dukovany Project
Cameco Corporation (NYSE:CCJ) is one of the top 10 nuclear energy stocks to invest in for the next decade. On June 17, Desjardins lifted its price target for the company's stock to C$105.00 from C$85.00 while maintaining a 'Buy' rating on the shares. The primary basis for the adjustment was Desjardins' updated financial model. Cameco's price target was raised after analysts updated their models to include a one-time $170 million boost in earnings from Westinghouse Electric's role in building nuclear reactors at the Dukovany power plant. They also assumed there's a 50% chance of a similar gain happening in 2026, which helped increase the company's overall valuation. Desjardins noted that the uranium sector has experienced recent share price appreciation, with Cameco 'leading the group in performance.' As such, the research firm considers Cameco a 'go-to name for uranium investors.' Cameco Corporation (NYSE:CCJ) is a Canadian company that supplies uranium fuel and provides nuclear services for clean electricity generation. It operates through three main segments: Uranium (exploration, mining, and sale of uranium concentrate), Fuel Services (refining, conversion, and fabrication of uranium), and Westinghouse (nuclear reactor technology and services). While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Healthcare Penny Stocks to Buy According to Analysts and Goldman Sachs Energy Stocks: 10 Stocks to Buy. Disclosure: None. Sign in to access your portfolio
Yahoo
28-06-2025
- Business
- Yahoo
RBC Capital Hikes Cameco Corp Price (CCJ) Target on Uranium and Nuclear Opportunities
Cameco Corporation (NYSE:CCJ) is one of Goldman Sachs' top energy stock picks. On June 20, RBC Capital reiterated an 'Outperform' rating on the stock. The research firm also increased its price target of the stock to C$100 from C$90. A line of workers at an industrial fuel cell power plant, the sun setting behind them. The price target hike underscores RBC Capital's conviction that Cameco is well-positioned to benefit from accelerating growth in the nuclear industry. Additionally, the firm expects the company to benefit from a tight uranium market, as it owns low-cost, tier-one assets that continue to operate efficiently. A strategic partnership with Westinghouse positions Cameco to be a key beneficiary of emerging opportunities in the nuclear industry. RBC Capital also pointed out Westinghouse's 'mutually beneficial cooperation with Korean nuclear builders expected to present strategic opportunities that Cameco can capitalize on.' Cameco Corporation (NYSE:CCJ) is a global provider of uranium fuel for nuclear power plants. It is one of the world's largest uranium producers, with operations spanning the nuclear fuel cycle, from exploration and mining to refining, conversion, and fuel manufacturing. While we acknowledge the potential of CCJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best AI Stocks to Buy According to Billionaire David Tepper and 10 Stocks Analysts Are Upgrading Today. Disclosure: None.
Cision Canada
23-06-2025
- Business
- Cision Canada
GEM OIL COMPLETES PHASE ONE DRILLING AT K2 ANOMALY, ATHABASCA BASIN
REGINA, SK, June 23, 2025 /CNW/ - GEM Oil Inc. ("GEM" or the "Company") is pleased to announce the successful completion of its Phase One drilling program at the K2 anomaly, located in the northeastern Athabasca Basin, Saskatchewan, one of the world's premier jurisdictions for uranium and critical mineral exploration. Anomalous radioactivity was detected above the basement unconformity, with laboratory assays returning U₃O₈ concentrations of up to 430 ppm between depths of 575.33 – 575.63m. View PDF Shaun Spelliscy, Managing Director of GEM Oil Inc. commented: " GEM is the first company to approach the K2 anomaly with the level of technical rigor and seriousness it warrants. The results from Phase One are encouraging, and the geology is compelling. We look forward to launching a more expansive Phase Two program to further test this promising system." The K2 anomaly, originally identified in 1962 through a government airborne magnetic survey, a collaboration between the Province of Saskatchewan, Department of Mineral Services and the Department of Mines and Technical Services, Geological survey of Canada (Geophysics Paper 2678 Forsyth Lake, Saskatchewan 74 I/10). The anomaly is defined by a strong, continuous magnetic feature approximately 1.5 km wide. Despite its significant scale and geophysical intensity (3600 nT), the anomaly remained unexplored in the intervening sixty-three years. GEM's 2025 drill campaign represents the first comprehensive and technically rigorous effort to evaluate its potential. The Phase One focused on the mineral claim MC00010634, where drill hole GEM25-K2-001 was collared at UTM coordinates 512523.16 m E / 6499715.41 m N (elevation: 392.32 metres, Zone 13N, WGS 84) and advanced to a total depth of 653 metres. This claim is surrounded by mineral claims held by Cameco Corporation of Zug, Switzerland, underscoring the strategic significance of GEM's land position. The Company currently holds a contiguous land package of seven mineral claims, totaling 107.38 km 2 in the region. Historical Exploration Summary Triex Minerals Corp. drilled two drill holes in 2009 that did not intersect the core of the anomaly. VR Resources Ltd. completed one drill hole in 2024 which also failed to intersect the anomaly. In contrast to previous efforts, GEM's drilling strategy was data driven and designed for the drill hole GEM25-K2-001 to intersect the centre of the magnetic anomaly using high-precision diamond drilling. GEM's intercept represents a significant development in the context of: Regional Geology The Athabasca Basin hosts the highest-grade uranium deposits globally, often occurring near the basement unconformity. Uranium values exceeding 300 ppm U₃O₈ are commonly interpreted as proximal indicators of nearby mineralized systems. The uranium grade measured in GEM25-K2-001 is anomalous and provides a vector towards higher-grade mineralization nearby. Strategic Land Position The K2 claim block is surrounded by Cameco Corporation claims. Cameco is the world's largest publicly traded uranium company, engaged in the exploration, mining, and refining of uranium for nuclear energy production. Cameco's surround-staking strategy suggests a potential for a regional geological continuity thus enhancing the strategic value of GEM's land tenure and providing strong external validation of the area's potential. Exploration Potential GEM's maiden drill hole result confirms the localized presence of uranium-bearing fluids. As such, the GEM25-K2-001 intercept warrants follow-up drilling, both along strike and through the vertical extent of the magnetic anomaly. The follow up drill targets will comprise adjacent EM conductors and low-resistivity zones. Historical Tier-One Discoveries Other world-class Athabasca deposits, such as Key Lake, McArthur River and Millennium, were first detected through anomalous uranium halos in the 200–500 ppm range. These early-stage indicators led to discoveries of mineralized zones with grades exceeding 14% U₃O₈. GEM Oil Inc. acknowledges contributions of its technical collaborators: TUZO GeoSurveys Corp., ALS Geo Analytics, Quesnel Bros. Diamond Drilling Ltd., and Echo Helicopters Inc. Their expertise was critical to the safe and successful execution of the Phase One drill campaign.
Hindustan Times
21-06-2025
- Business
- Hindustan Times
Canadian premiers push for Brad Wall as high commissioner to India
The premiers of two Canadian provinces have suggested that Prime Minister Mark Carney appoint a former leader of Saskatchewan as the country's next high commissioner to India. Brad Wall was premier (equivalent of an Indian chief minister) for over a decade from 2007 to 2018. His successor in that position, Scott Moe, told reporters that Wall would make the ideal candidate for Canada's top diplomat in New Delhi. (sourced) Brad Wall was premier (equivalent of an Indian chief minister) for over a decade from 2007 to 2018. His successor in that position, Scott Moe, told reporters that Wall would make the ideal candidate for Canada's top diplomat in New Delhi. According to the outlet National Post, Moe said he would be a 'proponent' of such an appointment because 'of the effort and focus that he provided' the relations between the province and India and 'province-to-industry relations in not just India but in many countries around the world.' He made these remarks on Wednesday at the joint press conference with his Alberta counterpart Danielle Smith. And she agreed with him, saying, 'I'd be supportive of that.' She added, 'I think that Saskatchewan has done incredibly impressive work on expanding its footprint internationally through its trade offices, in particular India.' Wall played a central role in securing a contract for the Saskatchewan-based Cameco Corporation, to supply over seven million pounds of uranium concentrate to India, over a five-year timeframe in 2015. Wall was present in person as the contract was signed in the presence of Prime Minister Narendra Modi who was on a bilateral visit that spring, and his then Canadian counterpart Stephen Harper. The decision to appoint HCs to each other's capitals came when Modi met Canadian PM Mark Carney on the margins of the G7 leaders' summit in Kananaskis on Tuesday. While Canada's last high commissioner Cameron Mackay left last summer, his Indian counterpart Sanjay Kumar Verma was among the six officials New Delhi withdrew in October 2024 after Ottawa asked for waiving of their diplomatic immunity so they could be questioned in connection with violent criminal activity in the country. In retaliation, India expelled six Canadian diplomats, including its acting high commissioner at the time.
