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Stock Market & Financial Investment News

News For CCJ From The Last 14 Days
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April 15, 2015
11:00 EDTCCJCameco announces contract to provide uranium to India
Cameco announced that the company has signed a supply agreement with the Department of Atomic Energy of India to provide 7.1M pounds of uranium concentrate under a long-term contract through 2020. The contract is Cameco Inc.'s first with India, which is the world's second fastest growing market for nuclear fuel, the company noted. "This contract opens the door to a dynamic and expanding uranium market. Much of the long-term growth we see coming in our industry will happen in India and this emerging market is key to our strategy," said Tim Gitzel, Cameco president and CEO.
06:52 EDTCCJJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 13, 2015
10:00 EDTCCJOn The Fly: Analyst Upgrade Summary
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07:25 EDTCCJCameco upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Cameco to Buy from Neutral. The firm upgraded Cameco citing a lower cost structure in the Canadian operations due to U.S. dollar strength and a strong long-term contract portfolio. Price target is $18.
07:06 EDTCCJCameco upgraded to Buy from Neutral at BofA/Merrill
April 9, 2015
10:00 EDTCCJOn The Fly: Analyst Upgrade Summary
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08:55 EDTCCJCameco upgraded to Buy from Hold at Canaccord
Canaccord upgraded Cameco to Buy from Hold based on uranium pricing, improved momentum in the uranium market, and already discounted tax court rulings. Canaccord raised its price target to C$23 from C$20 on Cameco shares.
April 7, 2015
09:31 EDTCCJCameco upgraded to Outperformer from Sector Performer at CIBC
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