Cameco Corp. (CCJ) is a leader in providing uranium, it’s refining, conversion, and component manufacturing facilities for the international nuclear energy business. It is one of the largest manufacturers of uranium fuel for zero-carbon nuclear power generation.
The price of CCJ stock during the early trading on February 9, 2022, was last checked to be $22.19 with a gain of 11.84%.
CCJ: Key Financials
On February 9, 2022, CCJ released its financial results for the fourth quarter ended December 31, 2021. Some of the highlights are as follows.
Revenue
Revenue in the fourth quarter 2021 was $465 million corresponding to $550 million in the same period of 2020. The analysts estimated a revenue of $367.7 million and the company beat the analysts’ expectations.
EPS
Basic and diluted net income per share in Q4 2021 was $11 million or $0.03 against $80 million or $0.20 in the same quarter of 2020. The company beat the estimated EPS by $0.02.
CCJ: Events and Happenings
On January 27, 2022, CCJ updated about its Executive management’s participation at the Virtual TD Securities Mining Conference on January 26-28, 2022. Also, the company reported on January 20, 2022 about management’s presence at the Virtual CIBC Western Institutional Investor Conference on January 19-20, 2022.
On October 21, 2021, CCJ informed about releasing its 2020 ESG report which illustrated the company’s capacity to integrate ESG practices in the company’s strategy. On October 13, 2021, CCJ and Terrestrial Energy reported about signing a MoU for the examination of possible collaboration prospects. The major purpose behind the MoU signing is the deployment of Integrated Molten Salt Reactor of Terrestrial Energy’s Generation 4 nuclear power plants and assessing the opportunities for uranium supply.
On September 23, 2021, CCJ, GE Hitachi Nuclear Energy, GEH SMR Technologies Canada and Synthos Green Energy reported about their entry into a MoU to assess the possible servicing of a fleet of BWRX-300 small modular reactors in Poland.
Conclusion
CCJ stock is 46% up from the past year as it outperformed over the period of the year. The Wednesday’s early trading gain in stock is the outcome of its development-focused quarterly results. Although the revenue and EPS were lower than the previous year’s quarter, yet the company beat the analysts estimates. The current market scenario is in the company’s favor.
