Streetbeat News

CCJ

Cameco Corporation

https://www.cameco.com

Industry

Uranium

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.

Open

58.37

Mkt cap

25B

Volume

3.6M

High

59.24

P/E Ratio

318.67

52-wk high

59.24

Low

56.69

Div yield

0.00

52-wk low

35.43

TD Securities analyst Greg Barnes maintains Cameco (NYSE:CCJ) with an Action List Buy and raises the price target from C$55 to C$70.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:25 pm

The article discusses the performance of mid-cap ETFs over the past week. Global X Uranium ETF (URA) and J.P. Morgan Alerian MLP Index ETN (AMJ) were the winners, with URA up 4.59% and AMJ down 1.56%. The losers were ARK Innovation ETF (ARKK) and Vanguard Extended Duration Treasury ETF (EDV), with ARKK down 7.64% and EDV down 6.76%. The largest holdings of these ETFs include companies like Cameco Corporation (CCJ), Sprott Physical Uranium Trust, Magellan Midstream Partners LP (MMP), Enterprise Products Partners LP (EPD), Tesla, Inc. (TSLA), and Zoom Video Communications, Inc. Class A (ZM).

Portfolio Pulse from Johnny Rice

September 26, 2023 | 8:51 pm

GLJ Research analyst Gordon Johnson has maintained a 'Buy' rating on Cameco (NYSE:CCJ) and raised the price target from C$52 to C$66.45.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:13 pm

The Wall Street Journal reports that the uranium market is heading for a potential shortage, according to the Nuclear Association. This could impact the stocks of uranium-related companies such as CCJ, DNN, LEU, UEC, URA, UUUU.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:31 pm

B of A Securities analyst Lawson Winder has maintained a 'Buy' rating on Cameco (NYSE:CCJ) and raised the price target from C$50 to C$59.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 4:44 pm

Canaccord Genuity analyst Katie Lachapelle maintains a Buy rating on Cameco (NYSE:CCJ) and raises the price target from C$49.5 to C$56.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:23 pm

Cameco has revised its 2023 production forecast due to challenges at the Cigar Lake mine and Key Lake mill. The company now expects to produce up to 16.3 million pounds of uranium concentrate at Cigar Lake, down from the previous forecast of 18 million pounds. Production at Key Lake is anticipated to be 14 million pounds, down from the previous forecast of 15 million pounds. Factors impacting production include equipment reliability issues, operational changes, personnel availability, and supply chain challenges.

Portfolio Pulse from Charles Gross

September 03, 2023 | 9:48 pm

Small-cap ETFs with AUM between $400 million and $2 billion were screened for weekly returns. Sprott Uranium Miners ETF (URNM) and Global X Uranium ETF (URA) were the winners, up 7.64% and 5.44% respectively. ProShares Bitcoin Strategy ETF (BITO) and Amplify Transformational Data Sharing ETF (BLOK) were the losers, down 11.81% and 8.56% respectively. URNM and URA offer exposure to the uranium mining industry, while BITO and BLOK offer exposure to Bitcoin and blockchain technology respectively.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:08 pm

An option alert has been issued for Cameco with Sep 15 $38 calls sweep near the ask for 800 @ $0.335 vs 1475 open interest. The reference price is $34.47.

Portfolio Pulse from Charles Gross

August 18, 2023 | 3:07 pm

Iran has significantly slowed the pace of its accumulation of near weapons-grade enriched uranium and diluted some of its stockpile. This could ease tensions with the U.S. and allow the resumption of broader talks over its controversial nuclear program.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 5:21 pm

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