Latest news with #CamecoCorporation
Yahoo
29-05-2025
- Business
- Yahoo
Here's Why Meridian Contrarian Fund is Holding Cameco Corporation (CCJ)
Meridian Funds, managed by ArrowMark Partners, released its 'Meridian Contrarian Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. U.S. equities saw their weakest quarterly performance since 2022, as uncertainty about potential tariff policies affected investor sentiment and risk assets. In this environment, the fund returned -7.59% (net) during the quarter, slightly behind the -7.50% returns of the Russell 2500 Index and underperforming the -5.83% returns of the secondary benchmark, the Russell 2500 Value Index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Meridian Contrarian Fund highlighted stocks such as Cameco Corporation (NYSE:CCJ). Cameco Corporation (NYSE:CCJ) is a leading uranium-producing company. One-month return of Cameco Corporation (NYSE:CCJ) was 31.27%, and its shares gained 9.08% of their value over the last 52 weeks. On May 28, 2025, Cameco Corporation (NYSE:CCJ) stock closed at $60.41 per share with a market capitalization of $26.34 billion. Meridian Contrarian Fund stated the following regarding Cameco Corporation (NYSE:CCJ) in its Q1 2025 investor letter: "Cameco Corporation (NYSE:CCJ) is a global leader in the mining, fabrication, and refinement of uranium products for nuclear power plants around the world. We view the company as a best-in-class operator with world-leading reserves and a low-cost profile. Cameco had been out of favor for many years following the 2011 Fukushima nuclear disaster, but became increasingly attractive as global uranium production declined below demand. We invested in 2020, believing uranium prices would recover and that there was upside optionality in the potentially resurgent interest in nuclear power. While the stock performed strongly in 2024, it weakened in the quarter as uranium stocks had become tied to the power-hungry AI data center trade. As such, the stock's volatility far exceeded its fundamentals. Our position was unchanged during the quarter as we continue to base our investment on a 5- to 10-year investment thesis." A close up of the reactor core, highlighting the complexity of the uranium power process. Cameco Corporation (NYSE:CCJ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 58 hedge fund portfolios held Cameco Corporation (NYSE:CCJ) at the end of the first quarter, which was 65 in the previous quarter. While we acknowledge the potential of Cameco Corporation (NYSE:CCJ) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Cameco Corporation (NYSE:CCJ) and shared Aristotle Capital Global Equity Strategy's views on the company. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
26-05-2025
- Business
- Yahoo
Goldman Sachs Maintains Buy Rating on Cameco (CCJ)
Goldman Sachs reaffirmed its Buy rating on Cameco Corporation (NYSE:CCJ) on May 24 following the company's notable 130% year-to-date gain. The stock's surge coincides with reports that President Trump is anticipated to issue an executive order to support the nuclear energy sector. According to Reuters, the executive order will seek to leverage the Defense Production Act to reduce America's dependency on uranium supplies from China and Russia. Additionally, the directive promotes greater use of the Department of Energy's Loan Programs Office to provide loans and guarantees for nuclear energy projects. Goldman Sachs analysts believe Cameco Corporation (NYSE:CCJ) will benefit from this move, stating that the order will strengthen the company's position amidst growing support for domestic uranium production. Moreover, given Westinghouse Electric's involvement in the construction and operation of new reactors, Cameco's 49% ownership in the firm is also seen as a possible edge. This segment of Cameco is also thought to benefit from constructing new nuclear plants, especially if Westinghouse's AP1000 technology is chosen. While we acknowledge the potential of CCJ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CCJ and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-05-2025
- Business
- Yahoo
Goldman Sachs Maintains Buy Rating on Cameco (CCJ)
Goldman Sachs reaffirmed its Buy rating on Cameco Corporation (NYSE:CCJ) on May 24 following the company's notable 130% year-to-date gain. The stock's surge coincides with reports that President Trump is anticipated to issue an executive order to support the nuclear energy sector. According to Reuters, the executive order will seek to leverage the Defense Production Act to reduce America's dependency on uranium supplies from China and Russia. Additionally, the directive promotes greater use of the Department of Energy's Loan Programs Office to provide loans and guarantees for nuclear energy projects. Goldman Sachs analysts believe Cameco Corporation (NYSE:CCJ) will benefit from this move, stating that the order will strengthen the company's position amidst growing support for domestic uranium production. Moreover, given Westinghouse Electric's involvement in the construction and operation of new reactors, Cameco's 49% ownership in the firm is also seen as a possible edge. This segment of Cameco is also thought to benefit from constructing new nuclear plants, especially if Westinghouse's AP1000 technology is chosen. While we acknowledge the potential of CCJ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CCJ and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Cameco Corporation (CCJ) Fell Following President Trump's 10% Tariff on Canadian Energy Exports
Aristotle Capital Management, LLC, an investment management company, released its 'Global Equity Strategy' first quarter 2025 investor letter. A copy of the same can be downloaded here. Global equity markets experienced a negative Q1 return, while global fixed income grew. Value stocks outpaced growth, with the MSCI ACWI Value Index outperforming the Growth Index by 11.59%. Aristotle Capital Global Equity Strategy returned 1.12% gross of fees (1.02% net of fees) in the first quarter, outperforming the MSCI ACWI Index's -1.32% return and the MSCI World Index's -1.79% return. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Aristotle Capital Global Equity Strategy highlighted stocks such as Cameco Corporation (NYSE:CCJ). Cameco Corporation (NYSE:CCJ) is a leading uranium producing company. One-month return of Cameco Corporation (NYSE:CCJ) was 25.28%, and its shares gained 3.53% of their value over the last 52 weeks. On May 15, 2025, Cameco Corporation (NYSE:CCJ) stock closed at $51.59 per share with a market capitalization of $22.458 billion. Aristotle Capital Global Equity Strategy stated the following regarding Cameco Corporation (NYSE:CCJ) in its Q1 2025 investor letter: "Cameco Corporation (NYSE:CCJ), one of the world's largest uranium producers, was a primary detractor during the quarter. Shares of the Canada based company declined following President Trump's 10% tariff on Canadian energy exports to the U.S., where Cameco is a major uranium supplier. However, we believe these tariff concerns are overstated given the inelastic nature of uranium demand and the lack of substitutes. Any incremental costs would be absorbed by utilities under existing contract structures. While the company's stock price may have followed the decline in uranium spot prices during the period, Cameco's business is largely insulated from short-term price swings due to its extensive use of long-term contracts rather than spot-market sales. A close up of the reactor core, highlighting the complexity of the uranium power process. Cameco Corporation (NYSE:CCJ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 65 hedge fund portfolios held Cameco Corporation (NYSE:CCJ) at the end of the fourth quarter which was 60 in the previous quarter. While we acknowledge the potential of Cameco Corporation (NYSE:CCJ) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Cameco Corporation (NYSE:CCJ) and shared the list of small-cap energy stocks hedge funds are buying. Cameco Corporation (NYSE:CCJ) was a major contributor to Aristotle International Equity Strategy's performance during Q4 2024. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
29-04-2025
- Business
- Yahoo
Cameco Corporation (CCJ): Among the Top Energy Companies with the Highest Upside Potential
We recently published a list of the Top 15 Energy Companies with the Highest Upside Potential. In this article, we are going to take a look at where Cameco Corporation (NYSE:CCJ) stands against other top energy companies. After posting notable gains in the first three months of 2025, the energy sector witnessed significant declines in April, primarily due to the ongoing global trade war sparked by President Trump's tariffs and the prospects of an economic slowdown. The overall energy sector has now slid by around 3.8% since the beginning of the year, against a decline of about 5.8% by the wider market. Unsurprisingly, the downturn is led by the oil and gas sector, which has fallen by over 15% YTD. READ ALSO: 11 Best Solar Energy Stocks to Buy According to Hedge Funds The primary reason behind this fall is the declining global price of crude oil, caused by the continued uncertainty surrounding global trade, demand fears, and the recent decision by OPEC+ to increase supply. The West Texas Intermediate crude price is currently hovering at a multi-year low level of just under $62, down by over 25% YoY. To make matters worse, the International Energy Agency recently cut its 2025 oil demand growth forecast by 300,000 barrels per day compared to last month, warning the world to 'buckle up' amid the escalating trade tensions. That said, there are sectors in the energy industry that are still significantly bullish, with liquified natural gas being a prime example. The United States of America is already the largest LNG exporter in the world, with exports growing consistently over the last decade. Still, the industry continues to boom after it received significant support from the Trump administration, which has made boosting America's fossil fuel sector its primary agenda. According to Wood Mackenzie, 15.5 million tons per annum (MTPA) of long-term LNG offtake contracts were signed in the first quarter of 2025, following a record 81 MTPA last year. These numbers are expected to spike in the coming months after more and more countries are looking to export American LNG to narrow their trade gap with the US, following a tariff threat by the White House. Another important growth driver for the energy sector is the ongoing AI boom and its accompanying power-hungry data centers. According to a study by the American Clean Power Association, electricity demand in the US is expected to surge by 35-50% by 2040, driven by domestic manufacturing growth, data centers, and mass electrification. A primary candidate to satisfy this huge demand is natural gas, which is clean, reliable, and abundant. According to energy data provider Enverus, a total of 80 new gas power plants could be constructed in America by the end of the decade. That said, natural gas is not as cheap as it was a year ago, as prices have surged by around 36.6% over the last 52 weeks. Another important candidate is nuclear energy, which has emerged as a hot topic these days, especially after several tech giants met on the sidelines of the CERAWeek conference in Houston and signed a pledge to support the goal of at least tripling the world's nuclear energy capacity by 2050. A number of these companies have already signed contracts with nuclear energy providers to power their data centers, with Jeff Bezos' online retail giant being a primary example. A close up of the reactor core, highlighting the complexity of the uranium power process. To collect data for this article, we examined companies operating in the energy sector and then compiled a list of the stocks with the highest upside potential according to Wall Street analysts, as of April 28, 2025. To keep our list relevant, we have only included companies with a market cap of $10 billion and above. The following are the Energy Companies with the Highest Upside Potential. At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here). Upside Potential as of April 28: 34.55% Cameco Corporation (NYSE:CCJ) is one of the largest global providers of uranium fuel with a licensed capacity to produce more than 53 million pounds of uranium concentrates annually, backed by more than 464 million pounds of proven and probable mineral reserves. Cameco Corporation (NYSE:CCJ) reported strong results for Q4 2024 with its revenue beating estimates and growing by 33% YoY to $834.83 million. The uranium producer's full-year revenue for 2024 also increased by 21%, driven primarily by increased prices. Moreover, the company's adjusted EPS of $0.25 also topped expectations by $0.03. Cameco's average realized price rose 17% to $58.34 per pound while its sales volumes grew 5% in 2024. As a result, the company raised its annual dividend from $0.12 per share in 2023 to $0.16 per share in 2024. Cameco Corporation (NYSE:CCJ) delivered 33.6 million pounds of uranium in 2024 and expects 36 million pounds in 2025. The company's long-term contracts stood at nearly 220 million pounds at the end of last year, and it already has a large pipeline under discussion. Highlighting the company's strong upside potential, Bernstein initiated coverage of Cameco Corporation (NYSE:CCJ) earlier this month, with an Outperform rating and a price target of $52. Overall, CCJ ranks 13th on our list of the top energy companies with the highest upside potential. While we acknowledge the potential of CCJ as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CCJ but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at .
