Company Overview - Cameco is a supplier to the nuclear power industry, mining uranium and processing it into fuel for nuclear power plants [1] - The company has invested alongside Brookfield Asset Management to acquire Westinghouse, holding a 49% stake, which expands its services into nuclear power plant design and maintenance [1] Market Dynamics - The demand for nuclear power is expected to grow due to its low carbon emissions, ability to provide base load power, and the development of new, safer, and more cost-effective nuclear plants [2][3] - As global demand for nuclear power increases, the demand for uranium and related services provided by Cameco and Westinghouse is likely to rise [3] Historical Context - Cameco's stock has experienced significant volatility, particularly following the 2011 Fukushima disaster, which led to a 70% decline in stock price by the end of 2015 due to a drop in uranium prices [6][8] - The past decade has seen Cameco's stock transition from stagnation to a general upward trend, although it remains sensitive to commodity price fluctuations [6] Investment Considerations - Despite the growth potential in the nuclear sector, Cameco's performance is heavily influenced by uranium prices, which can be volatile [5][6] - For conservative investors, utilities with nuclear power exposure may be a more stable investment option compared to Cameco, which is more of a speculative play on nuclear power [11][12] - Cameco may be a worthwhile investment below $45 per share for those who believe in long-term uranium demand growth and can withstand periods of weak commodity prices [12]

Cameco (CCJ) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Speaker0 Thank you for standing by. This is the conference operator. Welcome to the Cameco Corporation First Quarter twenty twenty five Results Conference Call. As a reminder, all participants are in a listen only mode and the conference is being recorded. Following the introductory remarks, there will be an opportunity to ask questions. Webcast participants are asked to wait until the Q and A session before submitting their questions as the inform ...

Cameco (CCJ) Q1 2025 Earnings Call May 01, 2025 08:00 AM ET Company Participants Cory Kos - Vice-President of Investor RelationsTim Gitzel - President and Chief Executive OfficerGrant Isaac - Executive VP & CFOBob Brackett - Head - Research DivisionGordon Johnson - Founder & CEOHeidi Shockey - Senior VP & Deputy CFO Conference Call Participants Orest Wowkodaw - Managing Director, Senior Research Analyst, Metals and MiningRalph Profiti - Managing Director & Senior Equity Research AnalystAlexander Pierce - Eq ...

(C Cameco 2025 Q1 Conference Call May 1, 2025 Forward-Looking Information Caution This presentation includes forward-looking information or forward-looking statements under Canadian and U.S. securities laws, which we refer to as "forward-looking information". Forward-looking information can generally be identified by the use of words such as "approximately", "may", "will, "could", "believes", "expects", "intends", l"should", "would", "phans", "potential", "project", "anticipates", "scheduled" or "forecasts" ...

The world's biggest publicly traded uranium producer faces near-term challenges.The spot price for uranium, the crucial element for producing nuclear power, has roughly doubled over the past five years. That growth was fueled by the world's renewed interest in nuclear power as a clean energy source, geopolitical conflicts driving more markets away from fossil fuels, and rapid expansion of the power-hungry artificial intelligence, cloud, and data center markets.Bank of America expects uranium's spot price to ...

Cameco Corporation (CCJ) is scheduled to report first-quarter 2025 results on May 1, before the opening bell.The Zacks Consensus Estimate for CCJ’s earnings for the first quarter is pegged at 21 cents per share, which indicates a 110% improvement from the prior-year quarter’s figure. Over the past 60 days, the estimate has moved up 31.25%. Image Source: Zacks Investment ResearchCameco’s Earnings Surprise HistoryCameco’s earnings missed the Zacks Consensus Estimate in three of the trailing four quarters, whi ...

The case for uranium’s long-term growth is a familiar one, and it goes something like this: there’s a vast network of reactors currently under construction in China, India, and the restAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CCJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company ...

Group 1 - Cameco's stock closed at $44.85, reflecting a +1.49% change, outperforming the S&P 500's loss of 0.22% [1] - Over the past month, Cameco's stock has decreased by 5.07%, which is worse than the Basic Materials sector's loss of 0.38% and the S&P 500's loss of 7.48% [1] Group 2 - The upcoming earnings release is projected to show earnings of $0.26 per share, indicating a year-over-year growth of 160% [2] - For the annual period, earnings are expected to be $1.02 per share and revenue at $2.54 billion, reflecting increases of +108.16% and +11.24% respectively [2] Group 3 - Recent shifts in analyst projections for Cameco are important as they reflect changes in short-term business dynamics [3] - Positive revisions in estimates indicate analysts' confidence in the company's performance and profit potential [3] Group 4 - Estimate alterations are linked to stock price performance, and the Zacks Rank system is designed to leverage this relationship [4] - The Zacks Rank system ranges from 1 (Strong Buy) to 5 (Strong Sell) and has shown an average annual return of +25% for 1 ranked stocks since 1988 [5] Group 5 - Currently, Cameco has a Zacks Rank of 5 (Strong Sell), with a 19.94% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - Cameco's Forward P/E ratio is 43.32, significantly higher than the industry's average Forward P/E of 13.15 [6] Group 6 - The Mining - Miscellaneous industry, part of the Basic Materials sector, has a Zacks Industry Rank of 173, placing it in the bottom 32% of over 250 industries [6] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks [7]

Investment Thesis: Cameco's (NYSE: CCJ ) stock price declined significantly recently, mostly because China might have come up with a less energy-intensive version of AI. The news puts the thesis of nuclear power feeding data centers into question; therefore, tradersAnalyst’s Disclosure: I/we have a beneficial long position in the shares of CCJ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ( ...

Core Viewpoint - Cameco (CCJ) shares have declined significantly, with a year-to-date drop of 20.9%, contrasting with the industry's return of 2.8% and the S&P 500's decline of 4.9% [1][4]. Group 1: Stock Performance and Market Context - The decline in Cameco's stock aligns with a 29% decrease in uranium prices over the past year, including a 12% drop this year [4]. - Cameco's stock is currently trading below its 50-day and 200-day moving averages, indicating a bearish trend following a death crossover on March 4, 2025 [5][6]. - Peer Centrus Energy (LEU) has seen an 11% gain this year, highlighting the relative underperformance of Cameco [4]. Group 2: Financial Performance - For FY24, Cameco's revenues rose 21% year-over-year to $2.2 billion (CAD $3.14 billion), driven by higher sales volumes and improved average realized prices [8]. - In the uranium segment, sales volume increased by 5% and prices rose by 17%, contributing to a 24% increase in full-year revenues [9]. - Adjusted earnings per share were reported at 47 cents (CAD 0.67), down 24% year-over-year but above the consensus estimate of 42 cents [10]. Group 3: Production and Future Outlook - Cameco plans to produce 18 million pounds of uranium at both McArthur River/Key Lake and Cigar Lake in 2025, with projected uranium deliveries of 31-34 million pounds [11][12]. - Production from the joint venture Inkai faced challenges, with a total production of 7.8 million pounds in 2024, slightly lower than the previous year due to supply chain issues [15]. - Kazakhstan's new Mineral Extraction Tax (MET) will increase from 6% to 9% in 2025, impacting Cameco's cost structure [16]. Group 4: Market Valuation and Investment Considerations - Cameco's stock is trading at a forward price-to-sales ratio of 6.84, significantly higher than the industry's 1.08 and above its five-year median of 6.05 [20]. - The company's Value Score of F indicates a stretched valuation, suggesting that the stock is not currently cheap [21]. - Despite the challenges, Cameco aims to maintain financial strength and flexibility to boost production and capitalize on market opportunities [22].