The Tax Court Ruling Could Finally Allow Cameco To Focus On The Future [Seeking Alpha]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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US:NYSE Investor Relations:
cameco.com/invest
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Source: Seeking Alpha
Summary Investment Thesis I have written about Cameco ( CCJ ) before and my main concern was the tax dispute. While it is important to remember that this tax court ruling might be appealed, the recent decision puts the odds of any final decision in Cameco's favor and the stock has increased significantly during the day. CCJ data by YCharts Figure 1 - Source: YCharts The uranium market remains at depressed levels, but Cameco's contract portfolio allows the company to remain cash flow positive over the next few years, even if the turnaround in the general market takes longer to materialize. Cameco also has some minor passive assets in the U.S. which offers a short-term catalyst if there is a positive decision on the petition to consider uranium production to be a U.S. national security concern. Market Prices During 2018, we have seen uranium spot prices climb higher, especially over the last few months. Contract prices have also increased mar
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CCJ
News
- Cameco (CCJ) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Nuclear goes nuclear: A golden age for uranium is dawning — perhaps [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Encouraging Results Reported by Fathom at Albert Lake Nickel/PGE Project [Yahoo! Finance]Yahoo! Finance
- Wednesday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Cameco (CCJ) Falls More Steeply Than Broader Market: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
CCJ
Earnings
- 2/8/24 - In-Line
CCJ
Sec Filings
- 4/9/24 - Form 6-K
- 4/5/24 - Form 6-K
- 4/5/24 - Form 6-K
- CCJ's page on the SEC website