Topic: Growth Stocks

CAMECO CORP. $19.24 – Toronto symbol CCO

CAMECO CORP. $19.24 (Toronto symbol CCO; TSINetwork Rating: Extra Risk)(306- 956-6200; www.cameco.com; Shares outstanding: 395.8 million; Market cap: $7.8 billion; Dividend yield 2.1%) reports that its per-share profits doubled in the three months ended March 31, 2015, to $0.18 from $0.09 a year earlier.

Revenue rose 35.0%, to $565.8 million from $419.2 million. Uranium sales volumes rose 1.4%, while prices in Canadian dollars gained 4.3%.

Uranium’s outlook is improving: China is building 23 nuclear reactors and Japan plans to restart some of its facilities after the 2011 tsunami damaged the Fukushima nuclear plant.

As a result, the company now plans to spend $405 million on upgrades and expansions in 2015, up from its earlier estimate of $370 million.

Cameco is still a hold.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.