A director at Cameco Corporation bought 5,500 shares at 52.985CAD and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
What you need to know: • Uranium spot prices are up 84% since our last report in late 2022, yet we still expect further momentum in the sector. • The sentiment on nuclear power from governments around the world has begun to shift, with many nations ramping plans for reactors. • While new mines begin production and future mines achieve financing, we continue to believe the current spot price is too low in the short term. Since our initial thematic research report on uranium from November 2022 (...
Downgrading Manufacturing to Market Weight Near-term we continue to see the S&P 500 moving higher, likely heading toward 4600 resistance. We also still believe it is possible we have seen the lows for this pause/pullback on the S&P 500, and we see a low probability of a meaningful correction if the SPX is above 4300-4325 (1.5-year support). As initially discussed in our 8/29/23 Compass, we would not be surprised to see another month+ (i.e., through the end of September, and possibly longer) of ...
Oversold Bounce Underway Amid Consolidation Phase In last week's Compass (8/22/23) we discussed our expectations for an oversold bounce due to an overwhelming number of indexes/Sectors/industries testing major multi-month supports, combined with Treasury yields and the U.S. dollar (DXY) testing resistance. The bounce has begun with the S&P 500 ending higher last week for the first time in a month, and it is possible we have seen the lows for this pause/pullback. For now, we see a low probabilit...
Summary Marketline's Uranium Resources, Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Uranium Resources, Inc. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and...
Cameco announces closing of US$747.6 million bought deal offering of common shares website: cameco.comcurrency: US (unless noted) SASKATOON, Saskatchewan, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today announced the closing of its previously announced bought deal offering of 34,057,250 common shares of Cameco, including the exercise in full of the underwriters’ option to purchase additional common shares, at a price of $21.95 per share, for gross proceeds to us of approximately $747.6 million (the “Offering”). We intend to use the aggregate proceeds from the Offeri...
Please refer to PDF document for more detail about our research: DBRS Morningstar Places Cameco Corporation Under Review with Developing Implications Following the Announcement of a Strategic Partnership to Acquire Westinghouse Electric Company LLC
Cameco announces US$650 million bought deal offering of common shares SASKATOON, Saskatchewan, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today announced that it has entered into an agreement with a syndicate of underwriters led by CIBC Capital Markets and Goldman Sachs & Co. LLC, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 29,615,000 common shares of Cameco at a price of $21.95 per share (the “Offering Price”), for gross proceeds to us of approximately $650 million (the “Offering”). The common shares will be offered to the publi...
Cameco provides preliminary third quarter operating update SASKATOON, Saskatchewan, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Cameco (TSX: CCO; NYSE: CCJ) today is providing preliminary operating results for its third quarter ended September 30, 2022. On October 27, 2022, we plan to announce our 2022 third quarter results before markets open. We expect to announce deliveries in the uranium segment for the quarter ended September 30, 2022, to be between 5 million and 5.5 million pounds, in line with the pattern of deliveries for the third quarter of 2022 disclosed in our annual MD&A. In our fuel ...
Cameco and Brookfield Renewable Form Strategic Partnership to Acquire Westinghouse Electric Company Currency: U.S. dollars unless otherwise stated Westinghouse is an industry leader with a strong market position across the nuclear value chainNuclear power expected to see significant growth driven by energy security and decarbonization trendsAcquisition will provide opportunities to generate value and grow the business globally SASKATOON, Saskatchewan and TORONTO, Oct. 11, 2022 (GLOBE NEWSWIRE) -- Cameco Corporation (“Cameco”) (NYSE: CCJ; TSX: CCO) and Brookfield Renewable Partners (“Bro...
S&P 500 Testing 3900; Commodities Topping? Major equity indexes remain in pullback mode, consistent with our narrative of the past two weeks. Key supports are currently being tested at 3900-3910 on the S&P 500, $293 on the Nasdaq 100 (QQQ), and $177-178 on the Russell 2000 (IWM). We see a bounce as possible at these levels, but breaks below these levels would virtually guarantee a test of the YTD lows -- or worse... see charts below. Commodity Prices Topping? We believe sustained lower commodi...
CAMECO (CA), a company active in the Non Ferrous Metals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 29, 2022, the closing price wa...
Continued Absence Of Breakdowns Is A Positive Sign The market continues to send mixed signals (some neutral or healthy signals but some risk-off signals as well), but as long as the Russell 2000 index (IWM) is above $208, the Russell Micro Caps index (IWC) is above $134-$135, and the S&P 500 is above 4495, we cannot be bearish. As long as prices are above the aforementioned levels we expect more consolidation and mixed markets, but breakdowns would mean additional downside ahead. Risk-Off Sign...
Cameco annonce ses résultats du troisième trimestre et l'exécution continue de sa stratégie de soutien à la transition mondiale vers un air pur SASKATOON, Saskatchewan, 30 oct. 2021 (GLOBE NEWSWIRE) -- Cameco (TSX : CCO ; NYSE : CCJ) a annoncé aujourd'hui ses résultats financiers et opérationnels consolidés pour le troisième trimestre clos le 30 septembre 2021 conformément aux Normes internationales d'information financière (IFRS). « Nos résultats du troisième trimestre ont été conformes aux prévisions et reflètent la poursuite de l'exécution de notre stratégie et les décisions pro...
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