Cameco Stock News

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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.

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

Vancouver, British Columbia--(Newsfile Corp. - March 1, 2022) - Forum Energy Metals Corp. (TSXV: FMC) (OTCQB: FDCFF) ("Forum" or "the Company") is pleased to announce that it has commenced drilling at the Highrock Uranium Project (Figure 1). Forum is the Operator of the drill program under option to and funded by Sassy Resources Corporation (see News Release dated January 6, 2022). The property is located just south and on trend of Cameco''s Key Lake …

Cameco Corporation found using ticker (CCJ) have now 8 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 32.44 and 23.52 with the average target price sitting at 28.68. Now with the previous closing price of 22.81 this is indicating there is a potential upside of 25.7%. There is a 50 day moving average of 21.53 and the 200 day MA is 21.28. The market capitalisation for the company is $9,790m. Visit the company website at: 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 $12,309m 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.

Someone with a lot of money to spend has taken a bearish stance on Cameco (NYSE: CCJ ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with CCJ, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 23 uncommon options trades for Cameco. This isn''t normal. The overall sentiment of these big-money traders is split between 43% bullish and 56%, bearish. Out of all of the special options we uncovered, … Full story available on Benzinga.com

Uranium Stocks Surge After Swedish Utility Giant Suspends Deliveries Of Russian Uranium And Nuclear Fuel The uranium sector got an unexpected boost today when Swedish state-owned utility Vattenfall announced it will cease taking any deliveries of nuclear fuel from Russia for its nuclear power plants following Russia’s invasion of Ukraine. The company on Thursday said it has decided to stop planned deliveries and to not place any new orders from Russia until further notice. Vattenfall added the operation of its nuclear power stations will not be affected as its procurement strategy is to have multiple suppliers from different countries. From the press release : We are deeply concerned by the serious security situation in Europe and Russia’s invasion of Ukraine. We have therefore decided that no planned deliveries from Russia to our nuclear power plants will take place until further notice. We will also not place any new orders from Russia to our nuclear power plants until further notice.

Nuclear power is looking like a more attractive alternative to relying on natural gas from Russia right now.

Nuclear power is looking like a more attractive alternative to relying on natural gas from Russia right now.

Benzinga ''s options scanner just detected over 11 options trades for Cameco (NYSE: CCJ ) summing a total amount of $3,338,439. At the same time, our algo caught 3 for a total amount of 2,027,850. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $25.0 for Cameco over the last 3 months. Volume & Open Interest Development Looking at the volume and open interest is an insightful way to conduct due diligence … Full story available on Benzinga.com