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Cameco Corporation - CCJ STOCK NEWS

Welcome to our dedicated page for Cameco Corporation news (Ticker: CCJ), a resource for investors and traders seeking the latest updates and insights on Cameco Corporation stock.

Cameco Corporation (symbol: CCJ) is a leading global player in the uranium production industry, renowned for its substantial contribution to generating clean, reliable baseload electricity worldwide. As one of the largest uranium producers, Cameco is a key supplier of conversion services and one of the two recognized CANDU (Canada Deuterium Uranium) fuel manufacturers in Canada.

The company's competitive edge is anchored in its ownership of the world’s largest high-grade uranium reserves and its low-cost operations. Cameco's success is heavily built on its robust partnerships with Aboriginal communities, especially in northern Saskatchewan. As Cameco mines, mills, and explores for uranium, fostering and strengthening these relationships remains a top priority. This commitment is evident in Cameco’s five-pillar approach: business development, workforce development, community engagement, environmental stewardship, and community investment. These pillars not only support the company’s operations but also secure public trust and support.

Cameco's uranium products play a crucial role in generating clean electricity in nuclear power plants around the globe. The company also explores for uranium in regions such as the Americas, Australia, and Asia. In addition to uranium production, Cameco has diversified segments including fuel services and Westinghouse, with the majority of its revenue derived from its uranium segment. Among its notable projects are Millennium, Yeelirrie, Kintyre, and various exploration initiatives.

Cameco Corporation operates internationally with a footprint in Canada, Kazakhstan, Germany, Australia, and the United States. The company’s shares are traded on the Toronto Stock Exchange under the symbol CCJ. Cameco continues to innovate and lead in the uranium production sector, ensuring a stable supply of clean energy while maintaining strong community and environmental commitments.

News

Cameco Reports Document Filings

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Cameco (CCJ) files annual report with financial statements and MD&A for 2023. Plans to release management proxy circular and Modern Slavery Report. Cameco is a global uranium provider with investments in nuclear fuel cycle companies.
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Cameco Announces 2023 Results; Strategically Positioned to Increase Tier-One Production as Security of Supply Contracting Cycle Advances; Maintaining Disciplined Financial Management and Growth; Improving Westinghouse Outlook

Rhea-AI Summary
Cameco (CCO, CCJ) reported strong financial performance for 2023, with net earnings, adjusted net earnings, and cash from operations more than doubling compared to 2022. Adjusted EBITDA was up 93%. The company expects continued strong financial performance in 2024 and plans to transition to a tier-one cost structure and make necessary investments for sustainable growth. However, heightened geopolitical uncertainty, global production shortfalls, and transportation challenges in 2023 highlighted growing security of supply risk.
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Cameco Board Appoints New Chair

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Cameco (TSX: CCO; NYSE: CCJ) appoints Catherine Gignac as chair of board of directors following the passing of Ian Bruce. Gignac, a board member since 2014, brings over 30 years of experience in capital markets and the mining industry. Cameco is a leading global provider of uranium fuel for clean-air energy generation, with significant investments across the nuclear fuel cycle.
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Cameco and Brookfield Complete Acquisition of Westinghouse Electric Company Creating a Powerful Platform for Strategic Growth

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Cameco (TSX: CCO; NYSE: CCJ) completes acquisition of Westinghouse Electric Company in partnership with Brookfield Asset Management, expecting to enhance nuclear sector growth and provide global solutions for secure, reliable, and emissions-free baseload power.
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Cameco and Brookfield Receive Regulatory Approval to Acquire Westinghouse

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Cameco (TSX: CCO; NYSE: CCJ) has received all required regulatory approvals for its joint acquisition of Westinghouse Electric Company with Brookfield Asset Management and expects the transaction to close soon.
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Cameco Announces Third Quarter Results; Tier-One Transition Continues to Drive Gross Profit Improvement; Amplified Security of Supply Concerns Benefit Full-Year Revenue Outlook; Decade-High Industry Contracting Volume Achieved; Dividend Declared

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Cameco reports Q3 net earnings of $148 million and adjusted net earnings of $137 million. The company's consolidated revenue outlook for 2023 has improved due to higher average realized prices. Dominic Kieran joins Cameco as Global Managing Director of the UK subsidiary. The World Nuclear Association has increased its demand forecast for nuclear energy. Cameco is participating in international conferences and reinforcing its commitment to Energoatom in Ukraine. The company is returning to its tier-one cost structure and working towards closing the Westinghouse acquisition.
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Cameco Marks Uranium Supply Agreement with China Nuclear International Corporation

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Cameco has signed a uranium supply agreement with China Nuclear International Corporation, a subsidiary of China National Nuclear Corporation. The contract volumes are reflected in the 215 million pounds of uranium Cameco reported having under long-term contracts as of April 27, 2023, and the reported average annual delivery volumes of 28 million pounds per year from 2023 through 2027 as of June 30, 2023.
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Cameco Mourns Loss of Long-Time Board Chair Ian Bruce

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Cameco board member and chair, Ian Bruce, passes away
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Cameco Provides Production and Market Update

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Cameco expects reduced production at Cigar Lake mine and Key Lake mill to impact 2023 forecast. Cigar Lake mine expected to produce up to 16.3 million pounds of uranium concentrate this year, down from previous forecast of 18 million pounds. Production from McArthur River/Key Lake operations for 2023 anticipated to be 14 million pounds, down from previous forecast of 15 million pounds. Uncertainty remains for planned 2023 production at Key Lake due to various factors. Cameco maintains flexibility to source material through various means beyond production if required. Growing security of supply risk highlights the demand outlook and shift of risk from producers to utilities. The broader uranium market is moving toward replacement rate contracting for the first time in over a decade. No specific impact on stock price mentioned.
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Cameco announces second quarter results; gross profit benefitting from transition to tier-one run rate; full-year revenue outlook increased driven by improving market fundamentals; uranium market is moving toward replacement-rate contracting

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Cameco reports Q2 financial results, increases revenue outlook for 2023
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FAQ

What is the current stock price of Cameco Corporation (CCJ)?

The current stock price of Cameco Corporation (CCJ) is $60.93 as of November 21, 2024.

What is the market cap of Cameco Corporation (CCJ)?

The market cap of Cameco Corporation (CCJ) is approximately 25.7B.

What does Cameco Corporation do?

Cameco Corporation is a leading uranium producer, supplying conversion services and manufacturing CANDU fuel. Its uranium products are used to generate clean electricity worldwide.

Where does Cameco operate?

Cameco operates in Canada, Kazakhstan, Germany, Australia, and the United States, with exploration activities in the Americas, Australia, and Asia.

What are Cameco's core business segments?

Cameco's core business segments are uranium production, fuel services, and Westinghouse, with the majority of revenue coming from the uranium segment.

What projects is Cameco currently involved in?

Cameco is involved in several projects including Millennium, Yeelirrie, Kintyre, and various uranium exploration initiatives.

How does Cameco support local communities?

Cameco supports local communities through a five-pillar approach: business development, workforce development, community engagement, environmental stewardship, and community investment.

What is Cameco's competitive advantage?

Cameco's competitive advantage lies in its control of the world's largest high-grade uranium reserves and its low-cost operations.

How does Cameco contribute to clean energy?

Cameco's uranium products are essential for generating clean electricity in nuclear power plants around the world.

What is the importance of Cameco's partnerships with Aboriginal communities?

Partnerships with Aboriginal communities, particularly in northern Saskatchewan, are crucial for Cameco’s operations and are based on mutual trust and support.

Where are Cameco's shares traded?

Cameco's shares are traded on the Toronto Stock Exchange under the symbol CCJ.

What initiatives ensure Cameco's public trust?

Cameco ensures public trust through its commitment to business development, workforce development, community engagement, environmental stewardship, and community investment.

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Cameco Corporation

NYSE:CCJ

CCJ Rankings

#457 Ranked by Market Cap
#2087 Ranked by Dividends

CCJ Stock Data

25.69B
433.24M
0.15%
74.66%
4.1%
Uranium
Energy
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United States of America
Saskatoon