UPDATE 1-Uranium miner Cameco profit beats on higher prices [Reuters]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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Source: Reuters
Uranium miner Cameco profit beats on higher prices | Reuters Reuters Staff 2 Min Read (Reuters) - Canada’s Cameco Corp on Friday reported a better-than-expected quarterly profit, helped by higher prices and its efforts to cut production in an oversupplied market. Cameco’s U.S.-listed shares were up 3 percent at $9.20 in premarket trading. Uranium producers have been struggling for six years now ever since the 2011 tsunami that forced Japan to shut all of its nuclear reactors. Some of those have restarted since, but low demand has resulted in a glut. Under CEO Tim Gitzel, Saskatchewan-based Cameco has been working to cut its losses with measures such as suspending production from the McArthur River mine in Saskatchewan, the world’s biggest uranium mine. On Friday, the company said its fourth-quarter average realized price for uranium rose 4 percent to $39.44 per pound. The company’s net loss narrowed to C$62 million ($49 million), or 16 Canadian cents per share, in the quarter ended De
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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