Cameco Stock Price, News & Analysis

Cameco (NYSE: CCJ), a leading global uranium fuel provider, has released its 2024 Sustainability Report, highlighting significant progress in environmental, social, and governance initiatives. The report showcases key achievements including 51% Indigenous workforce in northern Saskatchewan operations and 71% spending with northern-owned businesses.

Notable sustainability milestones include completing climate risk assessments in U.S. operations, launching a pre-trades training program for Saskatchewan's North residents, removing the Port Hope legacy UF6 plant, and publishing Scope 3 emissions data. The company has incorporated SASB performance indicators and continued progress toward TCFD recommendations, with third-party limited assurance on selected performance indicators.

Cameco (NYSE: CCJ) announces an anticipated US$170 million increase in its 49% share of Westinghouse Electric Company's 2025 adjusted EBITDA. This boost stems from Westinghouse's involvement in constructing two nuclear reactors at the Czech Republic's Dukovany power plant. The company expects to factor this increase into Westinghouse's 2025 distribution to Cameco. Beyond 2025, Westinghouse projects significant financial benefits from both the construction project and fuel fabrication services for the reactors. Notably, Westinghouse maintains its projected 6-10% compound annual growth rate in adjusted EBITDA over the next five years, excluding the US$170 million increase. Westinghouse's ownership structure remains split between Cameco (49%) and Brookfield Renewable Partners (51%).

Cameco (NYSE: CCJ) reports continued operations at its northern Saskatchewan uranium sites despite regional wildfires. While no fires currently threaten their Cigar Lake, Key Lake, McArthur River, and Rabbit Lake facilities, the company faces temporary disruptions to power, communications, and road deliveries. Cameco is allowing employees from affected northern communities to leave work to assist their families under evacuation orders. The company is implementing operational adjustments to manage employee availability while maintaining safety as the top priority. Despite these challenges, Cameco maintains its annual production target unchanged. Orano's McClean Lake mill also remains operational. The company emphasizes its position as a leading global uranium fuel provider with controlling ownership of high-grade reserves and significant investments across the nuclear fuel cycle.

Cameco (NYSE: CCJ), a leading global uranium fuel provider, announced the election of ten board members during its annual meeting on May 9, 2025. All nominees received strong shareholder approval, with voting percentages ranging from 96.24% to 99.77%. Notable board members include Tim Gitzel, Catherine Gignac, and Leontine van Leeuwen-Atkins. The company maintains a strong position in the nuclear fuel industry through its ownership of high-grade uranium reserves, low-cost operations, and strategic investments in Westinghouse Electric Company and Global Laser Enrichment.

Cameco (CCJ) reported strong Q1 2025 financial results with net earnings of $70 million and adjusted EBITDA of $353 million. Revenue increased 24% to $789 million, while gross profit grew 44% to $270 million. The uranium segment saw production of 6.0 million pounds, with average realized prices rising 9% to $62.55/lb (USD). The fuel services segment showed significant growth with earnings and EBITDA increasing over 100%. Westinghouse reduced its net loss to $62 million from $123 million in Q1 2024. The company maintained its 2025 production outlook of 18 million pounds each at McArthur River/Key Lake and Cigar Lake operations. JV Inkai resumed production after a brief suspension, targeting 8.3 million pounds for 2025. Cameco's strong balance sheet shows $361 million in cash and successful debt reduction, including full repayment of a $200 million USD Westinghouse acquisition loan.

Cameco (TSX: CCO; NYSE: CCJ) has announced the filing of several key documents with regulatory authorities. The company has submitted its annual report on Form 40-F to the US Securities and Exchange Commission, including audited annual financial statements for 2024, management's discussion and analysis (MD&A), and Canadian annual information form (AIF).

The company plans to release its management proxy circular on April 3, 2025, for shareholders of record as of March 10, 2025, ahead of its annual meeting scheduled for May 9, 2025. Additionally, Cameco will publish its Modern Slavery Report in compliance with Canadian legislation.

As one of the largest global uranium fuel providers, Cameco maintains a competitive advantage through its controlling ownership of high-grade reserves and low-cost operations. The company has strategic investments across the nuclear fuel cycle, including stakes in Westinghouse Electric Company and Global Laser Enrichment.

Cameco (CCJ) reported its 2024 financial results, showing strong performance across uranium and Westinghouse segments. Annual net earnings were $172 million, with adjusted net earnings of $292 million. The company generated $905 million in cash from operations, with adjusted EBITDA increasing by 73% to over $1.5 billion compared to 2023.

Key operational highlights include record uranium production at McArthur River/Key Lake of 20.3 million pounds, and total uranium deliveries of 33.6 million pounds at an average price of $79.70 per pound. The company's uranium contract portfolio now totals approximately 220 million pounds, with commitments to deliver an average of 28 million pounds annually from 2025 through 2029.

The company increased its annual dividend from $0.12 to $0.16 per share in 2024, with plans for further increases of at least $0.04 per share in both 2025 and 2026. Westinghouse contributed $483 million in adjusted EBITDA for the year, despite reporting a net loss of $218 million due to purchase accounting impacts.

Cameco (TSX: CCO; NYSE: CCJ) has announced that production has resumed at the Inkai operation, according to information received from their partner National Atomic Company Kazatomprom JSC and Joint Venture Inkai LLP. Cameco, which owns a 40% share in the joint venture, while Kazatomprom holds a 60% interest, is now collaborating with their partners to assess how the recent production suspension will affect the operation's 2025 production plans.

Cameco (TSX: CCO; NYSE: CCJ) announces support for the resolution of an intellectual property dispute between Westinghouse Electric Company and Korean companies KEPCO and KHNP. The settlement agreement establishes a framework for additional deployments benefiting all parties involved.

Tim Gitzel, Cameco's President and CEO, emphasized this as a positive outcome that will help bring world-leading reactor technology and related competencies to the global market. He highlighted that over 30 countries and 100 companies have pledged to triple nuclear capacity by 2050, demonstrating strong demand for nuclear power as a carbon-free, reliable baseload electricity source to achieve climate, energy, and national security objectives.