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SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2024, in accordance with International Financial Reporting Standards (IFRS). “Our 2024 full-year financial performance benefitted from strong fourth quarter results delivered by our uranium and Westinghouse segments,” said Tim Gitzel, Cameco's president and CEO. “Although both net earnings and adjusted net earni.
Nuclear power appears to have entered a period of renewed demand. That's exciting news, but how should an investor play it?
CCJ's Q4 results are likely to reflect the impacts of higher uranium sales volumes, somewhat offset by lower prices.
Cameco's valuation is justified by strong uranium demand and nuclear energy revival, but it must meet growth expectations to sustain current price multiples. Cameco's operations span uranium production, fuel services, and a 49% stake in Westinghouse, contributing significantly to its revenue and growth prospects. Future growth hinges on increased uranium production, favorable pricing, and maintaining a strong balance sheet, despite potential risks from market fluctuations and legal disputes.
In recent history, attitudes toward nuclear energy have varied considerably. After the 2011 Fukushima Daiichi disaster in Japan, many countries reduced their dependence on nuclear power.
Cameco (CCJ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cameco (CCJ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Cameco (CCJ) reachead $49.85 at the closing of the latest trading day, reflecting a -1.01% change compared to its last close.
Cameco (CCJ) concluded the recent trading session at $50.36, signifying a +0.86% move from its prior day's close.
By Coulter Regal, CFA, Associate Product Manager Nuclear energy demand is growing. Here are the top ten nuclear energy companies shaping the future of clean power, along with key investing insights.