Streetbeat News

NATKY

National Atomic Company Kazatomprom JSC

http://www.kazatomprom.kz/

CEO

Galymzhan Pirmatov

Industry

Bituminous Coal and Lignite Surface Mining

Open

37.18

Mkt cap

9.9B

Volume

100

High

38.01

P/E Ratio

11.28

52-wk high

44.05

Low

37.18

Div yield

0.07

52-wk low

35.22

Kazatomprom's stock, despite a 9% decline in 2024, has outperformed the broader uranium sector. The company shows strong financial performance and a solid net margin, with expectations of uranium price recovery in 2025 and a low forward P/E ratio, indicating potential gains.

Portfolio Pulse from

February 28, 2025 | 9:30 am

Ur-Energy Inc. (NYSE:URG) announced plans to develop its Shirley Basin mine in Wyoming, aiming to nearly double its mine production capacity to 2.2 million pounds of uranium. The decision is driven by a growing uranium sales contract book, strong market prices, and anticipated demand for clean nuclear power. The project, with initial capital costs of $24.4 million and operating expenses of $24.40 per pound, is expected to offer substantial margins given the current uranium price of around $90 a pound. The development comes amid a surge in uranium prices, driven by expectations of a global nuclear power renaissance and potential market disruptions. Other companies like Cameco Corp (NYSE:CCJ), Energy Fuels Inc (NYSE:UUUU), Denison Mines Corp. (NYSE:DNN), Uranium Energy Corp. (NYSE:UEC), and IsoEnergy Ltd (OTC:ISENF) are also expanding their uranium production capacities.

Portfolio Pulse from Matt Whittaker

March 13, 2024 | 10:56 pm

Kazatomprom (OTC:NATKY) has reduced its uranium production forecast due to a sulfuric acid shortage, caused by competition from the local fertilizer industry in Kazakhstan. This situation highlights a broader concern about potential global sulfur shortages impacting various sectors, including mining, the green economy, and food production. Sulfuric acid, essential for numerous industrial processes, could face a shortfall of up to 320 million metric tons by 2040, affecting the production of fertilizers, lithium batteries, and the extraction of vital minerals. Companies like Barrick Gold Corp. (NYSE:GOLD), Newmont Corp. (NYSE:NEM), Eagle Materials (NYSE:EXP), Arcosa Inc. (NYSE:ACA), and Energy Fuels Inc. (NYSEAMERICAN: UUUU) are mentioned in relation to their involvement in mining or the production of sulfur-bearing minerals.

Portfolio Pulse from Matt Whittaker

February 20, 2024 | 10:48 pm

Goldman Sachs (NYSE:GS) and Macquarie (OTCPK: MCQEF), along with hedge funds, are entering the uranium derivatives market as uranium prices have doubled to $102 per pound due to a supply shortfall and increased demand for nuclear energy. Goldman Sachs is writing options on physical uranium, marking its first derivative for the metal. The bank has been involved in the uranium market since 2009 and holds significant uranium inventories. The interest in physical uranium is growing, with financial institutions holding a significant portion of the global annual consumption.

Portfolio Pulse from Stjepan Kalinic

February 20, 2024 | 3:43 pm

Cameco (NYSE:CCJ) reported significant growth in 2023 with revenue, gross profit, and net earnings all showing substantial increases from the previous year. The company highlighted the global support for nuclear power and its role in achieving net-zero emissions by 2050. Cameco's performance was boosted by increased sales volumes and prices in uranium and fuel services. However, uncertainties include production issues by Kazatomprom (OTCPK: NATKY) and potential U.S. bans on Russian uranium. Cameco has also entered a strategic acquisition of Westinghouse in partnership with Brookfield (NYSE:BN), expecting significant EBITDA growth.

Portfolio Pulse from Stjepan Kalinic

February 09, 2024 | 5:29 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.