Cameco Corp (USA) (NYSE:CCJ)

CAPS Rating: 4 out of 5

The Company is engaged in the exploration, development, mining, refining, conversion, and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and internationally.

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Member Avatar TMFDeej (99.46) Submitted: 3/31/2014 8:53:25 PM : Outperform Start Price: $22.90 CCJ Score: -0.81

The supply / demand dynamics for uranium are absolutely terrible right now in the wake of a slowdown in demand from Japan and conversion of Russian weapons. Having said that, most of the existing nuclear power plants are going to continue to need fuel at some point. With uranium trading well below the cost of obtaining it prices could easily double in the coming years. That would be a good thing for low-cost producers like CCJ.

Jason

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Member Avatar abpro (39.78) Submitted: 3/22/2014 12:57:49 AM : Outperform Start Price: $23.98 CCJ Score: -5.66

rise of uranium prices and expansion of nuclear power plants.

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Member Avatar U3O8Fool (< 20) Submitted: 2/6/2014 4:19:25 PM : Outperform Start Price: $20.34 CCJ Score: +6.97

Market demand for U3O8 has no where to go but up. The current market looks like that for gasoline just as Henry Ford was setting up his first production line. The reactors are under construction now and some nearing completion. Start up requirements and building of reserves can compress 3-4 years of annual demand in to 1-2 years of acquisition. We know how much fuel is going to be required, and we know who has the largest reserves and production capacity.

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Member Avatar CatchTwentyTwo (57.61) Submitted: 1/26/2014 2:48:47 PM : Outperform Start Price: $21.82 CCJ Score: -0.69

Supply and Demand, they are building nuclear power plants all over the world, with an increase in demand and uranium supply finite, the price will continue to rise.

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Member Avatar jbsnyder100 (43.89) Submitted: 1/15/2014 6:07:07 PM : Outperform Start Price: $21.55 CCJ Score: +3.53

its good

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Member Avatar helicopterfool (25.33) Submitted: 12/16/2013 1:03:53 PM : Outperform Start Price: $20.94 CCJ Score: +3.67

per jc allstar

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Member Avatar thommythai (48.31) Submitted: 11/10/2013 9:29:00 AM : Outperform Start Price: $18.97 CCJ Score: +13.66

There are 3 factors for CCJ to outperform, first demand & supply, second Japan will restart the reactor because they have no choice, and last the new mine opening in 2014. Even if the price of uranium stays the same but new production will increase revenue and earning.

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Member Avatar DrLinks (51.79) Submitted: 7/20/2013 2:36:15 AM : Outperform Start Price: $21.01 CCJ Score: -2.61

Uranium prices poised to POP

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Member Avatar TMFWillSommers (98.90) Submitted: 6/5/2013 2:07:18 PM : Outperform Start Price: $20.96 CCJ Score: -7.38

High-grade, low-cost producer. Uranium supply/demand dynamics should drive prices higher over the next 3-5 years, especially as Japan restarts nuclear and additional Chinese and Indian generators come online.

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Member Avatar bcellars (61.03) Submitted: 5/1/2013 4:01:13 AM : Outperform Start Price: $18.31 CCJ Score: +6.24

Uranium is bound to rebound with all the new nuclear power plants being built, especially in China and India.

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Member Avatar Stigshift (29.65) Submitted: 4/12/2013 12:10:10 AM : Outperform Start Price: $19.15 CCJ Score: +0.35

I'm pretty confident uranium demand will increase steadily for the next 2 decades. There are a couple of risks I see though. One is another accident, especially in Japan which might negate chance of their reactors coming back online. Another is a company backed by Bill Gates which I think is finding a way to recycle(?) spent fuel. Still, I like the odds.

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Member Avatar Chemdawg (82.76) Submitted: 4/10/2013 12:57:35 PM : Outperform Start Price: $19.29 CCJ Score: -0.47

reactors coming back online...slowly..but the uranium is so cheap it is not economical to mine..that wont stay that way long...Cigar Lake is due to start actually producing this year...sometimes being the best has its advantages...you stay alive when the weaker ones go 10 toes up...outperform

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Member Avatar Metamorphosen (< 20) Submitted: 4/2/2013 8:33:57 PM : Outperform Start Price: $19.97 CCJ Score: -5.68

Excellent fundamentals, world events favor growth of stock, uranium price has bottomed

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Member Avatar runway227 (< 20) Submitted: 2/25/2013 4:06:31 PM : Outperform Start Price: $21.09 CCJ Score: -17.40

The short-term outlook for uranium is poor because of public ambiguity following the events in Japan and a short-term excess of supply in the market. It is a good long term play because the company is positioned for the long term in an environment with 3% expected annual growth in demand and a 20% supply gap by 2022.

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Member Avatar TMFOHCanada (< 20) Submitted: 2/6/2013 10:13:40 AM : Outperform Start Price: $21.32 CCJ Score: -17.71

Uranium is beaten down. Too much demand coming on line for it to stay where it is. Uneconomical to produce at these low prices, therefore, price must rise.

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Member Avatar sggeronimo (54.11) Submitted: 1/22/2013 8:15:51 PM : Outperform Start Price: $20.94 CCJ Score: -17.15

I need some NOW!!!

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Member Avatar Studyearnenjoy (68.21) Submitted: 12/26/2012 4:19:23 AM : Outperform Start Price: $19.25 CCJ Score: -13.38

Cameco is one of the world's largest suppliers of uranium accounting for 16% of the worlds supply. They have 435 million pounds of proven and probable resources, and control the largest high grade deposits of uranium in the world in northern Saskatchewan. Cameco is building up a very large stockpile of uranium to be able to capitalize on a significant increase in the demand for nuclear power it forsees in the next decade. Why does it forsee an increase in demand? There are currently 64 nuclear reactors under construction in the world which completed will increase the number of reactors, which is currently 431, by about 14 percent. Cameco expects a net increase of 90 reactors by 2021 which is above a 20% increase from today's amounts.
Over the past 5 years CCJ has generated 2.6 billion dollars in retained earnings, pretty impressive for a company the market says is worth only 7.9 billion dollars. Perhaps even more impressive is that this was done in an environment where the price of uranium averaged only about 52 dollars a pound. If demand outstrips supply, as Cameco predicts happening within the next decade, the price of uranium will only continue to go up.
Besides their already huge amounts of high quality reserves Cameco also owns 35 percent of uranium mines under development. Cameco is mining or exploring across Mongolia, Kazakhstan, and Australia. Another nifty asset of Cameco's is roughly 1/3 ownership in Bruce Power LP. Bruce power generates 30 percent of the electricity in Ontario, a place that is home to over 12 million people.
So lets see, we have a company with huge reserves, and control of 30 percent of mines under development in an industry where demand is poised to outstrip supply within the next decade. Granted this is a projection from the company in question, but they know the industry much better than I, so I will accept their assumption. They have generated almost 1/3 of their market cap in adjusted net earnings in the past 5 years. They own some nice assets outside of uranium mines. The cherry on top of all of it is a 2 percent dividend that has grown over 18 percent in the past 5 years, and still has a very healthy and sustainable payout ratio of 33%. Personally I bought some shares in late November at 17.43 and am very happy with the pick.

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Member Avatar TallToner (< 20) Submitted: 8/28/2012 6:40:31 AM : Outperform Start Price: $21.81 CCJ Score: -28.45

Pure play on increasing Nuclear energy demand. Well managed company with solid competitive position

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Member Avatar bigsmitty52 (97.01) Submitted: 7/13/2012 8:58:04 AM : Outperform Start Price: $21.19 CCJ Score: -32.58

Nuclear Power is still a viable solution and this stock will make money in places like India.

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Member Avatar RugbyViking13 (92.24) Submitted: 7/11/2012 2:52:00 AM : Outperform Start Price: $21.20 CCJ Score: -32.32

Glowing financials

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