Cameco Stock News

Multiple factors encouraged investors to pump money into uranium stocks.

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Cameco (NYSE: CCJ ) has outperformed the market over the past 5 years by 5.09% on an annualized basis. Buying $1,000 In CCJ: 5 years ago, an investor could have purchased 90.83 shares of Cameco at the time with $1,000. This investment in … Full story available on Benzinga.com

Cameco: Why I Think This Uranium Front-Runner Is Going Further Up

Tom Lee is a managing partner and head of research at Fundstrat Global Advisors. On CNBC’s "Fast Money," he continued his bullish bias Tuesday on energy stocks over oil stocks by comparing oil price

Cameco (CCJ), the world's largest publicly traded uranium company, has stood out on the options board with an unusually large level of short-term call options changing hands over the past few days

All energy sectors have been volatile, but the general direction has been up, with an excellent long-term setup for investors.

Cameco (CCJ), the world's largest publicly traded uranium company, has stood out on the options board with an unusually large level of short-term call options changing hands over the past few days

Empire Company Limited T.EMP.A) hit a new 52-week high of $44.21. Empire Company today announced its financial results for the third quarter ended January 29, 2022. For the quarter, the Company recorded net earnings of $203.4 million ($0.77 per share) compared to $176.3 million ($0.66 per share) last year. Medical Facilities Corporation (T.DR) hit a new 52-week high of $11.14. Medical Facilities reported its financial results today for the fourth quarter and year ended December 31, 2021. All currency amounts are expressed in U.S. dollars unless indicated otherwise. Total revenue and other income, including government stimulus income of $5.7 million, increased 6.3% to $116.4 million. Income from operations increased 18.1% to $25.5 million. EBITDA increased 12.4% to $32.0 million Akita Drilling Ltd. (T.AKT.A) hit a new 52-week high of $1.77. No news stories available today. Amerigo Resources Ltd. (T.ARG) hit a new 52-week high of $1.86. No news stories available today. Boardwalk Real Estate Investment Trust (T.BEI.UN) hit a new 52-week high of $59.63.

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Late Wednesday, a headline crossed the wire announcing, "US weighs sanctions on Russian nuclear power supplier Rosatom." Uranium investors took note, and industry heavyweight Cameco…

Uranium Stocks Soar After US Said To Weigh Sanctions On Russian Nuclear Giant Rosatom Earlier today we asked if Putin would voluntarily put Russian enriched uranium exports on the list of banned Russian exports, in the process sending the stocks of uranium producers sharply higher (as Russia is currently 40%-45% of the world’s enriched Uranium supply). Well, moments ago Joe Biden may have made that decision for him. According to Bloomberg, the Biden administration is considering imposing sanctions on Russia’s state-owned atomic energy company, Rosatom - a major supplier of fuel and technology to power plants around the world - although no final decision has been made and the White House is consulting with the nuclear power industry about the potential impact. Rosatom is described as "delicate target" because the company and its subsidiaries account for about 35% of global uranium enrichment and has agreements to ship the nuclear fuel to countries across Europe, which means any sanctions risk plunging Europe in darkness.

Several factors triggered a buying frenzy in the uranium stock.

Cameco Corporation with ticker code (CCJ) have now 8 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 32.07 and 23.44 calculating the average target price we see 28.52. With the stocks previous close at 23.48 this would indicate that there is a potential upside of 21.5%. The day 50 moving average is 21.81 and the 200 moving average now moves to 21.4. The market capitalisation for the company is $9,594m. Company Website: https://www.cameco.com [stock_market_widget type="chart" template="basic" color="green" assets=CCJ" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $11,653m based on the market concensus. 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.

Stock in uranium miner Cameco is falling Friday, after Russia shelled a nuclear power plant in Ukraine.