CCJ Stock Recent News

Cameco's (CCJ) fourth-quarter results are likely to reflect gains from higher sales volumes and average realized prices.

The world has collectively gotten off to a slow start in reducing emissions and transitioning to a carbon-free model. Yet, these renewable energy stocks for 2024 look primed to deliver strong results for investors.

Here is how Cameco (CCJ) and Uranium Energy (UEC) have performed compared to their sector so far this year.

Here is a look at a chart tied to Cameco's recent news-driven price move, with important technical levels to monitor.

Shares of a wide range of uranium stocks are seeing a big upside today as investors price some rather bullish prospects into uranium producers to kick off 2024. For major players such as Cameco (NYSE: CCJ ), Uranium Energy (NYSE: UEC ) and NexGen Energy (NYSE: NXE ), this enthusiasm has prompted share price gains of between 7% and 12% at the time of writing.

Here is how Cameco (CCJ) and Uranium Energy (UEC) have performed compared to their sector so far this year.

Cameco updated investors on its prospects this morning. Uranium spot prices have spiked higher this year, but Cameco thinks term-contract prices are more important.

An essential component in sustainable and reliable energy generation, the surge in uranium prices and the deal reached by COP28, increasing exposure to the metal can benefit investors.

Uranium Energy has a large stockpile of uranium to sell. It has a collection of mining projects on the drawing board.

Cameco is a leading supplier of uranium worldwide and has now diversified across the whole nuclear fuel cycle with its Westinghouse's acquisition. The current valuation is pricing in a very optimistic scenario. Because of the hedges put in place to meet its forward obligations, Cameco's earnings have limited upside to higher uranium prices over the next 3 years.