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CCJ

Cameco Corporation

5/24/2013, 7:10 AM ET

Quote & Headlines Market Currents StockTalk

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Wednesday, May 1, 9:45 AM Cameco's (CCJ -4.4%) 93% profit plunge in Q1 is the result of 38% lower uranium sales volumes and a 1% drop in realized prices (URA). Expects the market to remain in wait-and-see mode while it searches for catalysts such as Japanese reactor restarts. Sees full-year uranium production of 23.3 lbs. and sales volumes of 31M-33M lbs., though Q1 sales were just 5.1M lbs. Comment! [Energy, Earnings, On the Move]
Wednesday, May 1, 8:56 AM Cameco (CCJ): Q1 EPS of C$0.07. Revenue of C$444M. (PR) Comment! [Earnings, Breaking News]
Wednesday, May 1, 12:05 AM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Tuesday, April 30, 5:30 PM Notable earnings before Wednesday’ s open: AB, ADT, AFAM, AFSI, AGN, AH, AMT, ARW, AVA, CCJ, CHK, CLH, CLX, CMCSA, CVH, CVS, DLPH, DVN, ENR, EXAS, EXC,GRMN, GWR, H, HSP, HUM, ICE, IPGP, IQNT, IRM, JRCC, KCG, KFN, MA, MKL, MRK, NVO, PDCE, PKD, POR, PSX, RDC, RDN, SEE, SPW, TLM, TWX, VG, VIAB, VPHM Comment! [Earnings]
Friday, March 29, 6:39 AM The owners of Urenco, the world's second-largest nuclear-fuel maker, are looking to sell the company in a deal that could be worth €8-12B. Potential suitors reportedly include, Canadian uranium processor Cameco (CCJ) and P-E firms Carlyle (CG), KKR, and Blackstone (BX), with the bidders expected to form consortia because of the size of the transaction. Urenco's owners comprise the U.K. and Dutch governments, and German energy utilities E.ON and RWE. 1 Comment [Energy, M&A, Top Stories]
Monday, March 11, 3:15 PM Cameco (CCJ +2.2%) has hired Goldman Sachs and another unnamed bank to advise it on exploring a potential bid for a stake in U.K.-based uranium enrichment specialist Urenco, Sky News reports. The U.K. government, co-owners of Urenco with the German and Dutch governments, had expressed interest in a possible sale of its interest, which could be worth as much as £2B. Comment! [Energy, On the Move]
Wednesday, February 13, 12:38 PM Cameco (CCJ) shares have hit mild selling pressure after Q4 results included news it paid $27M to the Canada Revenue Agency. The CRA wants much more in back taxes through re-assessments from 2003-12, an issue that could hang over CCJ for some time, but Raymond James considers the risk offset by more certainty on its Japanese contracts, which account for ~10% of deliveries in 2013. Comment! [Energy, Global & FX]
Wednesday, February 13, 7:35 AM Japanese utilities are stepping up uranium imports on hope the government will allow more shuttered nuclear reactors to restart, according to Cameco (CCJ) CEO Tim Gitzel. It's not wishful thinking, says Raymond James' David Sadowski. Big consumers, the government, utilities, and even townspeople close to the plants are clamoring to get moving. Cameco makes up 20.4% of the URA ETF. 1 Comment [Global & FX, Commodities, Energy]
Monday, February 11, 6:20 AM Cameco (CCJ): Q4 EPS of C$0.60. Revenue of C$958M (-1% Y/Y). (PR) Comment! [Earnings, Breaking News]
Friday, February 8, 12:10 AM Notable earnings after Friday’s close: CCJ, MTGE 1 Comment [Earnings]
Thursday, February 7, 5:35 PM Notable earnings after Friday’s close: CCJ, MTGE 1 Comment [Earnings]
Wednesday, January 16, 2:49 PM Among the Fission Energy assets being acquired by Denison (DNN +3.4%) is a 60% stake in the Waterbury Lake uranium project, part of a deposit attached to Rio Tinto’s (RIO -1.9%) Roughrider deposit - which Cantor Fitzgerald says "ties a neat bow on top of Denison for a potential takeout offer" from RIO. The analyst also considers Cameco (CCJ -1.2%) a potential source of a competing offer for Fission. Comment! [Commodities, M&A, On the Move]
Wednesday, January 9, 10:56 AM Cameco (CCJ +0.8%) says it obtained all required regulatory approvals and completed the acquisition of NUKEM Energy, one of the world's leading traders and brokers of nuclear fuel products and services. CCJ paid €107M ($140M) and assumed NUKEM's net debt, reduced to ~€84M ($111M) since the deal was announced in May. 1 Comment [Energy, M&A]
Tuesday, January 8, 11:28 AM Uranium Resources (URRE +4.5%) extends its South Texas exploration agreement with Cameco (CCJ -1.8%) to a five-phase, five-year program to include the Tecolote tract. CCJ commits $4.3M to increase its interest to 70% in the expanded program, and will fund and be the exploration operator for Phase III. 3 Comments [Energy, On the Move]
Wednesday, December 12, 2012, 5:41 PM The uranium business is still stuck in a rut more than 21 months after Fukushima, and there's little sign of a turnaround in 2013 as Japan's plans remain up in the air. Optimists point to long-term demand - 62 reactors under construction worldwide - and weak pricing and cost pressures that have ground many projects to a halt. Spot prices may have found a floor near $40/lb., but ~$60 is seen as breakeven. 2 Comments [Energy]
Thursday, December 6, 2012, 1:52 PM Cameco (CCJ) declares $0.10/share quarterly dividend, in line with previous. Forward yield 2.15%. For shareholders of record Dec. 31. Payable Jan. 15. Ex-div date Dec. 27. (PR) Comment! [Dividends]