Latest news with #UrEnergy
Yahoo
14-07-2025
- Business
- Yahoo
Cameco Gains 41.5% YTD: Should You Buy, Sell or Hold the Stock?
Cameco CCJ has gained 41.5% so far this year, outpacing the industry's 17.3% growth. The Zacks Basic Materials sector has rallied 13.7% and the S&P 500 has risen 5.9% in the same time frame. Image Source: Zacks Investment Research Cameco has outpaced peers Energy Fuels UUUU, Ur Energy URG and Uranium Energy UEC as well. Energy Fuels has gained 27.4% year to date, Ur Energy has been flat and Uranium Energy has dipped 0.5%. Image Source: Zacks Investment Research Cameco has been trading above the 200-day simple moving average (SMA) and the 50-day SMA, indicating a bullish trend. Image Source: Zacks Investment Research With the stock riding high, investors may rush to add it to their portfolios. However, before making a decision, it will be prudent to take a look at the reasons behind the surge, the company's growth prospects and risks (if any) in investing. Maintained 2025 Production Targets Despite Setback: Cameco has two operating mines, Cigar Lake (in which it holds a 54.547% stake) and McArthur River (69.805%), along with a mill at Key Lake (83.33%). Cigar Lake is the world's highest-grade uranium mine, whereas McArthur River is recognized as the largest high-grade uranium mine globally. Key Lake is the world's largest uranium mill. Cameco produced 6 million pounds of uranium (its share) in the first quarter of 2025, reflecting a 3% increase from the year-ago quarter. The company expects its share of production to reach 22.4 million pounds of uranium in 2025. A planned maintenance shutdown at the Key Lake mill was carried out in the second quarter, but no further shutdowns are expected at McArthur River this year. For 2025, total production at McArthur River and Key Lake is projected to be 18 million pounds, with Cameco's share estimated at 12.6 million pounds. The site's annual maintenance outage for Cigar Lake is planned for the third quarter, consistent with previous years. Cameco forecasts full-year production from Cigar Lake at up to 18 million pounds, with its share projected at 9.8 million pounds. At joint venture Inkai, production activity was suspended by the majority owner and controlling partner, Kazatomprom, from Jan. 1, 2025. Production resumed on Jan. 23, 2025, and as a result, production was 1.1 million pounds (100% basis) for the quarter compared with 1.6 million pounds in the year-ago quarter. Despite the interruption, Cameco indicated that its 2025 guidance has been unchanged. JV Inkai has revised its mine plan and budget to reflect the temporary suspension and now aims to produce 8.3 million pounds this year (100% basis), with Cameco's purchase allocation set at 3.7 million pounds. Expected Increase in Westinghouse 2025 Adjusted EBITDA: Cameco in June announced that it expects an increase of $170 million in its 49% equity share of Westinghouse Electric Company's (Westinghouse) 2025 second quarter and annual adjusted EBITDA. This is tied to Westinghouse's participation in the construction project for two nuclear reactors at the Dukovany power plant in the Czech Republic. Cameco also expects significant financial benefits for Westinghouse, as a subcontractor, over the term of the construction project and related to the provision of the fuel fabrication services required for both reactors for a specified period. The outlook for Westinghouse's compound annual growth rate for adjusted EBITDA remains 6-10% over the next five years. This excludes the impacts of the expected $170-million increase in its 2025 adjusted EBITDA. The Zacks Consensus Estimate for CCJ's 2025 earnings is pegged at $1.09 per share, indicating a 122% year-over-year upsurge. The same for 2026 is $1.62, suggesting 48.9% growth. Image Source: Zacks Investment Research While the Zacks Consensus Estimate for Cameco's earnings for 2025 has moved up over the past 60 days, the same for fiscal 2026 has moved down. This is shown in the chart below. Image Source: Zacks Investment Research Cameco's stock is trading at a forward price-to-sales ratio of 12.16 compared with the industry's 1.24. It is above its five-year median of 6.54. The company's Value Score of F suggests that the stock is not so cheap and indicates a stretched valuation at this moment. Image Source: Zacks Investment Research Energy Fuels and Uranium Energy are currently trading higher at 14.13X and 36.5X, respectively. Ur Energy is trading much lower at 4.66X. CCJ had a total debt/total capital of 13.3% as of March 31, 2025 which is on the lower side. Meanwhile, Energy Fuels and Uranium Energy have debt free balance sheets. Ur Energy's total debt-to-total capital ratio is at 0.09%. Uranium prices have been under pressure earlier this year due to oversupply and uncertain demand. Uranium futures have fallen to $74.5 per pound as a pause in fresh buying by holding funds allowed utilities to set lower bids. Prices have moved down 16.7% in a had hit a seven-month high of $79 on June 27, driven by the news that the Sprott Physical Uranium Trust plans to purchase $200 million worth of physical uranium. The U.S. government's initiative to quadruple domestic nuclear energy capacity by 2050, along with rising energy needs from AI data centers, had also lifted sentiment. CCJ continues to invest in increasing production and capitalize on market opportunities. Work is underway to extend the mine life at Cigar Lake to 2036. Cameco is also increasing production at McArthur River and Key Lake from 18 million pounds to its licensed annual capacity of 25 million pounds (100% basis). Geopolitical events, energy security concerns and the global focus on the climate crisis amid rising low-carbon energy demand have created tailwinds for the nuclear power industry. Given Cameco's low-cost and high-grade assets and diversified portfolio spanning the nuclear fuel cycle, it is well-poised to capitalize on these trends. Supported by a strong balance sheet, the company is making investments to boost its capacity to capitalize on the expected surge in uranium demand. However, new investors can wait for a better entry point, considering the premium valuation and the current volatility in uranium prices. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cameco Corporation (CCJ) : Free Stock Analysis Report Ur Energy Inc (URG) : Free Stock Analysis Report Energy Fuels Inc (UUUU) : Free Stock Analysis Report Uranium Energy Corp. (UEC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
03-07-2025
- Business
- Yahoo
Ur-Energy (URG) Names Matthew Gili as President to Support Growth Strategy
Ur-Energy Inc. (NYSE:URG) is one of the top 10 nuclear energy stocks to invest in for the next decade. Ur-Energy Inc. (NYSE American: URG) appointed Matthew D. Gili as its new president, effective June 30, as part of its succession planning and strategic expansion. Gili, a seasoned mining executive and professional engineer, brings leadership experience from i-80 Gold, Nevada Copper, Barrick, and Rio Tinto. His appointment comes amid strong market momentum for Ur-Energy, which maintains a healthy liquidity position despite a recent cash burn. Under his employment agreement, Gili will earn a $430,000 annual base salary and receive 175,000 stock options. He is eligible for executive benefits and protected by standard non-solicitation and non-disclosure clauses. If terminated without cause or if he resigns for good reason, he will receive a severance equal to 2.5 years of base salary. The company confirmed that there are no prior affiliations or family ties between Gili and existing leadership. Ur-Energy Inc. (NYSE:URG) is a uranium mining company. It explores for, develops, and produces uranium, primarily through its Lost Creek in-situ recovery facility in Wyoming, USA. The company's main product is uranium concentrate (also known as yellowcake), which is used as fuel for nuclear power plants. While we acknowledge the potential of URG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Healthcare Penny Stocks to Buy According to Analysts and Goldman Sachs Energy Stocks: 10 Stocks to Buy. 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
21-06-2025
- Business
- Yahoo
Ur‑Energy (URG) Gains Amid Bullish Outlook on Uranium
The share price of Ur‑Energy Inc. (NYSEAMERICAN:URG) surged by 17.71% between June 11 and June 18, 2025, putting it among the Energy Stocks that Gained the Most This Week. Aerial view of the vast landscape of Great Divide Basin, Wyoming. Ur‑Energy Inc. (NYSEAMERICAN:URG) is engaged in uranium mining, recovery, and processing activities, including the acquisition, exploration, development, and operation of uranium mineral properties in the United States. Ur‑Energy Inc. (NYSEAMERICAN:URG) received a massive boost following a more than 7% surge in the global price of uranium over the last week. The surge comes as a result of an announcement by the Sprott Physical Uranium Trust that it would acquire around $200 million worth of the nuclear fuel in its physical form, twice the amount it initially signaled in its agreement with Canaccord Genuity. The stock has also benefited from an upcoming nuclear renaissance in the United States, following an executive order by President Trump to support domestic uranium mining and enrichment capacity, cut regulations, and accelerate licenses for reactors. Following the recent rally, the share price of Ur‑Energy Inc. (NYSEAMERICAN:URG) has jumped by more than 61% over the last month. While we acknowledge the potential of URG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now 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
Globe and Mail
03-06-2025
- Business
- Globe and Mail
Noble Plains Uranium Secures Strategic Ground in Heart of Shirley Basin Uranium District
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Noble Plains Uranium Corp. (TSXV: NOBL) (OTCQB: IXIXF) (FSE: INE) (" Noble Plains" or the " Company") is pleased to announce that it has secured an option to acquire a 100% interest in 30 highly strategic mineral claims collectively called the Shirley Central Property in the prolific Shirley Basin of Wyoming, a historically productive and infrastructure rich uranium district in the United States. Several of the Shirley Central Property claims lie directly within Ur-Energy Inc.'s Shirley Basin permit boundary, while others are surrounded by Uranium Energy Corp's (UEC) land package-placing Noble Plains in the middle of a rapidly developing uranium hub. Ur-Energy Inc.'s Shirley Basin Project currently hosts a National Instrument 43-101 compliant Measured (1,367,000 short tons) and Indicated (549,000 short tons) Resource of 8.816 million pounds U₃O₈ at 0.23% 1 and is under active construction 2. "This acquisition is a clear reflection of our strategy-targeting sound geological projects in premier U.S. uranium jurisdictions," stated Drew Zimmerman, President of Noble Plains. "We're focused on acquiring brownfield assets with proven potential and strong ISR amenability, and this new land package in the Shirley Basin is a prime example." To view an enhanced version of this graphic, please visit: The Company has obtained, digitized, and interpreted historical aerial photos and records to reveal at least five distinct areas of dense, systematic drilling within the Shirley Central Property as conducted by past operators, such as Kerr-McGee (see Figure 1). These were drilled between former producing open-pit mines, targeting uranium mineralization with denser grid spacing (25m by 25m) designed to delineate higher-grade zones. Historic exploration density strongly suggests high-confidence targets for future ISR resource delineation. Noble Plains plans to fast-track permitting to begin drilling on these "bullseye" targets by late summer 2025. "The Shirley Basin is very well-understood geologically and in a historically productive uranium district in the United States," said Paul Cowley, CEO of Noble Plains. "This land package sits between past-producing open pits and has dense historical drilling with clear signs of mineralization that make it an exceptional geological opportunity with five "bullseye" targets already identified for drill testing." The Shirley Central Property adds to the Company's Shirley East Property (aka Hot Property), expanding Noble Plains' Shirley Basin footprint to a total of 101 unpatented mineral claims covering 8.44 km² (3.26 mi²), consolidating the Company's position in a premier U.S. uranium district (see Figure 2). To view an enhanced version of this graphic, please visit: Shirley Basin Wyoming is the top uranium-producing state in the U.S. and hosts the country's largest ore reserves. The Shirley Basin alone produced over 52 million pounds of U₃O₈ between 1960 and 1992 at an average grade of 0.22% U₃O₈ -over three times the current U.S. average. With ISR now the dominant method of uranium production in Wyoming, these newly optioned claims are especially compelling. ISR offers lower capital and operating costs, minimal surface disturbance, and no tailings-aligning with Noble Plains' commitment to environmentally responsible development. 1 Updated Initial Assessment Technical Report Summary on Shirley Basin ISR Uranium Project, Carbon County Wyoming, USA dated March 4, 2024 and prepared by Western Water Consultants, Inc. 2 Ur-Energy Announces Decision to Build Out Shirley Basin Mine: Press Release dated March 13, 2024 Terms of Transaction The Company has signed a property option agreement (the " Agreement") effective June 1, 2025, with a private vendor pursuant to which the Company can acquire a 100% interest in the Shirley Central Property. Pursuant to the Agreement, the Company will pay US$50,000 annually to the vendor. Between the third anniversary of the effective date of the Agreement and a construction decision, the Company can exercise the option to own a 100% interest in the Shirley Central Property subject to a 3% gross value royalty. At that time, annual option payments of US$50,000 convert to an annual US$50,000 milestone payment. The Shirley Central Property option transaction is considered an Exempt Transaction, as such term is defined in the policies of the Exchange and, thus, does not require Exchange approval. On Behalf of the Board of Directors, "Paul Cowley", CEO Bradley Parkes, VP Exploration and Director of Noble Plains Uranium Corp., is the Qualified Person as defined in National Instrument 43-101, who has read and approved the technical content of this news release. This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law. Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Yahoo
08-05-2025
- Business
- Yahoo
Ur Energy: Q1 Earnings Snapshot
LITTLETON, Colo. (AP) — LITTLETON, Colo. (AP) — Ur Energy Inc. (URG) on Thursday reported a loss of $10.9 million in its first quarter. On a per-share basis, the Littleton, Colorado-based company said it had a loss of 3 cents. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on URG at 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
