CCJ Stock Recent News

Uranium stocks to watch in the stock market today.

SASKATOON, Saskatchewan--(BUSINESS WIRE)--Saskatchewan Power Corporation (SaskPower), Westinghouse Electric Company (Westinghouse) and Cameco Corporation (Cameco) (TSX: CCO; NYSE: CCJ) have signed a memorandum of understanding (MOU) to evaluate the potential of Westinghouse's nuclear reactor technology and the associated nuclear fuel supply chain required for Saskatchewan's future clean power needs. The MOU will explore technical and commercial pathways to deploy Westinghouse's reactor technolo.

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Saskatchewan Power Corporation (SaskPower), Westinghouse Electric Company (Westinghouse) and Cameco Corporation (Cameco) (TSX: CCO; NYSE: CCJ) have signed a memorandum of understanding (MOU) to evaluate the potential of Westinghouse's nuclear reactor technology and the associated nuclear fuel supply chain required for Saskatchewan's future clean power needs. The MOU will explore technical and commercial pathways to deploy Westinghouse's reactor technolo.

Cameco (CCJ) concluded the recent trading session at $52.92, signifying a +0.92% move from its prior day's close.

Uranium prices peaked over $100 a pound -- but that was back in February. Today, uranium prices are closer to $85 a pound.

Cameco reported lower revenue and a big net loss for its first quarter. Investors, however, expect Cameco's fortunes to turn around once the government bans uranium imports from Russia.

Cameco Corporation's shares have risen 32% since my last article, reaching a market cap of over $24 billion. The 12-month performance is +99%. The uranium bull market continues to strengthen due to supply issues, geopolitical decisions, and increasing energy demands from AI applications. The resurgence of nuclear energy, supported by government initiatives and tech industry interest, is favorable for Cameco, which benefits from diversification and long-term contracts.

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) announced today that it has completed its previously announced private placement of debentures (the “Offering”) consisting of $500 million aggregate principal amount of 4.94% Senior Unsecured Debentures, Series I maturing on May 24, 2031 (the “Series I Debentures”). The Series I Debentures bear interest at a rate of 4.94% per annum, payable semi-annually in arrears on May 24 and November 24 of each year, with the first inter.

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) announced today that it has priced a private placement of senior unsecured debentures (the “Offering”) consisting of $500 million principal amount of 4.94% Senior Unsecured Debentures, Series I maturing on May 24, 2031 (the “Series I Debentures”). The closing of the Offering is expected to take place on May 24, 2024. Cameco intends to use the net proceeds of the Offering to retire all of its outstanding 4.19% Senior Unsecure.

Uranium's vital role in future energy is undeniable, particularly in meeting the demands of a transitioning world economy towards sustainability. Cameco Corporation stands out as a promising investment opportunity, leveraging its position as a leading Western uranium miner. Despite temporary setbacks like Q1 2024's revenue decline, government support bolsters its long-term growth trajectory.