Cameco Corp. said Wednesday it has rejected a key Japanese customer's attempt to cancel its contract - a move that would mean $1.3 billion in lost revenue - as the Saskatoon-based uranium giant works to protect deals signed with customers before the ...
Cameco Corp. (TSX:CCO)(NYSE:CCJ) has seen its stock struggle so far this year, dropping over 11% year to date (YTD). Cameco is one of the largest producers of uranium in the world and is largely influenced by its price.
In the firm's Q3 metals and mining outlook, RBC Capital initiated coverage on Cameco Corp. (TSX:CCO)(NYSE:CCJ), giving the company an “Outperform” rating and a $16 price target on the CCJ shares and roughly $22 for the CCO shares.
For suppliers like Cameco Corp. (TSX:CCO)(NYSE:CCJ), this should be music to their ears. The United States has been slowly moving away from nuclear power; 20% of its power comes from nuclear power today, but a drop is expected to 11% by 2050.