Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $15.93 USD
Change Today -0.27 / -1.67%
Volume 1.1M
CCJ On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 4:15 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

cameco corp (CCJ) Key Developments

Cameco Corporation to Supply India 3,000 Metric Tonnes of Uranium over the Next Five Years

Government of China announced a deal that will see Cameco Corporation supply India with 3,000 metric tonnes of uranium over the next five years. The deal will be worth an estimated $280 million.

Cameco Inc. Signs Supply Agreement with the Department of Atomic Energy of India to Provide Uranium for Electricity - Generation

Cameco announced that Cameco Inc. has signed a supply agreement with the Department of Atomic Energy of India to provide 7.1 million pounds of uranium concentrate under a long-term contract through 2020.

Cameco Receives Approval to Develop the Remote East Pilbara Project

Cameco is a step closer to mining the remote Kintyre uranium deposit in Western Australia. WA environment minister Albert Jacob has granted the company conditional environmental approval to develop the remote east Pilbara project after more than four years of consultation and environmental studies. Approval is still required from federal environment minister Greg Hunt. The company was taking prudent steps to prepare its Australian projects for a development decision, once market conditions are suitable.

Cameco Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and for the Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Production and Earnings Guidance for the Year 2015

Cameco Corp. reported unaudited consolidated earnings results for the fourth quarter and audited earnings results for the year ended December 31, 2014. For the quarter, the company reported revenue of CAD 889 million compared to CAD 977 million a year ago. Net earnings attributable to equity holders were CAD 73 million compared to CAD 64 million a year ago. Basic and diluted per common share was CAD 0.18 compared to CAD 0.16 a year ago. Adjusted net earnings were CAD 205 million compared to CAD 150 million a year ago. Adjusted and diluted per common share was CAD 0.52 compared to CAD 0.38 a year ago. Cash provided by continuing operations were CAD 236 million compared to CAD 163 million a year ago. Increase in net earnings was mainly due to higher uranium gross profits resulting from higher average realized prices and lower average unit cost of sales; a favorable settlement of CAD 37 million with respect to a dispute regarding a long-term supply contract with a utility customer; lower exploration expenditures and higher income tax recovery. For the full year, the company reported revenue of CAD 2,398 million compared to CAD 2,439 million a year ago. Net earnings attributable to equity holders were CAD 185 million compared to CAD 318 million a year ago. Basic and diluted per common share was CAD 0.47 compared to CAD 0.81 a year ago. Adjusted net earnings were CAD 412 million compared to CAD 445 million a year ago. Adjusted and diluted per common share was CAD 1.04 compared to CAD 1.12 a year ago. Cash provided by continuing operations were CAD 480 million compared to CAD 524 million a year ago. Decrease in net earnings attributed to equity holders was mainly due to write-downs totaling CAD 327 million of the company's investments in Eagle Point mine assets at Rabbit Lake - CAD 126 million, GLE - CAD 184 million, and Goviex - CAD 17 million; the write-off of CAD 41 million of assets under construction as a result of changes made to the scope of a number of projects; an early termination fee of CAD 18 million incurred as a result of the cancellation of the company's toll conversion agreement with Springfields Fuels Limited (SFL), which was to expire in 2016; settlement costs of CAD 12 million with respect to the early redemption of the company's Series C debentures; lower earnings in the company's fuel services segment as a result of a decrease in sales volumes and higher unit cost of sales and higher losses on foreign exchange derivatives due to the weakening of the Canadian dollar. During the fourth quarter of 2014, the company reported impairment charge of CAD 131 million against CAD 70 million for the same period a year ago. For the year 2015, the company expects total production to be 25.3 million lbs to 26.3 million lbs. For the year 2015, the company expects consolidated revenue to decrease up to 5% in 2015 due to an expected decrease in uranium and fuel services sales volumes. On an adjusted net earnings basis, the company expects tax recovery of 60% to 65% in 2015 from the company's uranium, fuel services and NUKEM segments, as taxable income in Canada is expected to decline. The company expects capital expenditure to be CAD 370 million.

Cameco Approves Quarterly Cash Dividend, Payable on April 15, 2015

Cameco Corporation announced that its board of directors has approved a quarterly cash dividend of $0.10 per common share, payable on April 15, 2015 to shareholders of record on March 31, 2015.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CCJ:US $15.93 USD -0.27

CCJ Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Alumina Ltd A$1.61 AUD +0.01
CONSOL Energy Inc $29.49 USD -0.56
Newcrest Mining Ltd A$14.50 AUD +0.29
Norbord Inc C$23.69 CAD -0.37
Teck Resources Ltd C$15.83 CAD -1.09
View Industry Companies
 

Industry Analysis

CCJ

Industry Average

Valuation CCJ Industry Range
Price/Earnings 100.0x
Price/Sales 3.2x
Price/Book 1.4x
Price/Cash Flow 14.2x
TEV/Sales 2.3x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CAMECO CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.