Cameco
Toronto symbol CCO, is the world's largest uranium producer.
SHERRITT INTERNATIONAL $6.36 (Toronto symbol S; TSINetwork Rating: Speculative) (1-800-704-6698; www.sherritt.com; Shares outstanding: 296.4 million; Market cap: $1.9 billion; Dividend yield: 2.4%) is a diversified natural-resource company that produces nickel, cobalt, thermal coal, oil and gas. It also manages 376 megawatts of power-generation capacity in Cuba.
Sherritt is a major nickel producer, with operations in Cuba and Canada. It is also …read more »
CAMECO CORP. $17.79 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 390.0 million; Market cap: $6.9 billion; Dividend yield 2.3%) has dropped its hostile takeover bid for Hathor Exploration (symbol HAT on Toronto). However, Cameco could still profit from Hathor’s uranium properties (see below).
Hathor’s main exploration properties, including its Midwest Northeast property, are on the east side …read more »
CAMECO CORP. $20.73 (Toronto symbol CCO; TSINetwork Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 395.4 million; Market cap: $8.1 billion; Dividend yield 1.9%) has launched a hostile takeover bid for Hathor Exploration (symbol HAT on Toronto). Cameco is offering $520 million, or $3.75 a share.
Hathor’s main exploration properties are on the east side of the Athabasca Basin. Right now, it …read more »
Cameco Corp., symbol CCO on Toronto, has launched a hostile takeover bid for Hathor Exploration (symbol HAT on Toronto). Cameco is offering $520 million, or $3.75 a share, for this uranium exploration company.
Hathor’s main exploration properties are on the east side of the Athabasca Basin. This region in northern Saskatchewan and Alberta contains all of Canada’s producing uranium mines, and …read more »
The German government recently announced that it plans to shut down all of its nuclear reactors by 2022.
Germany’s decision is the result of anti-nuclear sentiment in the wake of the earthquake and tsunami in Japan, which damaged the reactors at the Fukushima nuclear plant.
Right now, nuclear reactors supply about a quarter of Germany’s electric power. It’s doubtful that the …read more »
CAMECO $29.43 (Toronto symbol CCO; SI Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 393.5 million; Market cap: $11.6 billion; Div. yield 1.3%) has dropped on investor fears that the damage to the Fukushima nuclear power plant in Japan will hurt the long-term prospects for nuclear power and uranium fuel.
Despite the accident, long-term demand for nuclear power appears intact. China and …read more »
Cameco Corp., symbol CCO on Toronto, is the world’s largest uranium producer.
The company supplies over 18% of global production, and has large, high-grade reserves, low-cost operations, significant market share and a number of uranium mines. The company also holds a 31.6% interest in Ontario’s Bruce Power partnership, which operates four of the eight reactors at the Bruce plant, North America’s …read more »
CAMECO CORP. $38.25 (Toronto symbol CCO; SI Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 393.5 million; Market cap: $15.0 billion; Div. yield 0.7%) is the world’s largest uranium producer. It supplies over 18% of global production, and has large, high-grade reserves, low-cost operations, significant market share and a number of uranium mines. The company also holds a 31.6% interest in …read more »
CAMECO CORP. $25 (Toronto symbol CCO; SI Rating: Extra Risk) (306-956-6200; www.cameco.com; Shares outstanding: 393.0 million; Market cap: $9.8 billion; Dividend yield 1.1%) has moved up from under $22 in early July on an improving long-term outlook for uranium. The metal’s strong prospects were highlighted by Cameco’s first major supply agreement with a Chinese nuclear utility. China plans to build …read more »
The price of uranium rose steadily from $7.10 U.S. a pound in December 2000 to as high as $138 U.S. a pound in June 2007.
Prices have moved down from that speculative high to today’s price of about $40.00 a pound. But conditions look favourable for higher long-term uranium demand.
Risks and rewards of Canadian uranium stocks
Many emerging countries, …read more »
