|Bid||11.430 x 1800|
|Ask||11.440 x 3100|
|Day's Range||11.360 - 11.640|
|52 Week Range||7.680 - 12.380|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.06 (0.53%)|
|1y Target Est||10.86|
A Uranium sector-related exchange traded fund was among the best performers Thursday after the Tax Court of Canada ruled in favor of Canadian uranium producer Cameco Corp. (NYSE: CCJ) over a dispute on ...
Canadian uranium producer Cameco Corp said on Thursday the Tax Court of Canada ruled in its favor over a dispute on the reassessments the Canada Revenue Agency (CRA) issued, sending its U.S.-listed shares up about 16 percent in premarket trading. Cameco, which settled a U.S. tax dispute last year, came under scrutiny from Canadian tax authorities due to its offshore marketing structure and transfer pricing. The court has found Cameco to be in full compliance of Canadian laws in relation to the reassessments for the years 2003, 2005, and 2006, the company said in a statement.
NYSE: CCJ) announced today that the Tax Court of Canada has ruled unequivocally in favour of the company in its dispute of the reassessments issued by Canada Revenue Agency (CRA) for the 2003, 2005 and 2006 tax years. The Tax Court ruled that Cameco’s marketing and trading structure involving foreign subsidiaries and the related transfer pricing methodology used for certain intercompany uranium sale and purchase agreements are in full compliance with Canadian laws for the tax years in question. “We are very pleased with the Tax Court’s clear and decisive ruling in our favour,” said Tim Gitzel, Cameco’s president and CEO.
The suspension of operations at the world’s largest uranium mine in February and major output cutbacks from the biggest national producer have sparked a recovery in the market, sending prices for the radioactive metal sharply higher year to date.
The year-to-date gain is 16.6 percent, and the metal used to power nuclear reactors is on track to record a second annual increase. The most obvious factor driving the spot price has been supply cutbacks by major producers, namely Canada's Cameco and Kazakhstan's state-owned producer Kazatomprom . Cameco said in July it would extend indefinitely a shutdown of its McArthur River and Key Lake mines in Saskatchewan province, having initially announced a suspension of operations in November last year.
The uranium miner and nuclear fuel fabricator continues to be hindered by sour market conditions. Should investors expect a break anytime soon?
Giant uranium miner Cameco has been holding up well in the face of weak uranium prices, but that strength has its limits -- and could run out soon
NEW YORK, Aug. 22, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of OncoSec ...
A wave of mine closures and the rollout of nuclear-power plants world-wide are fueling bullish bets on the long-depressed uranium market. Several investment funds have launched this year to wager on a turnaround in the radioactive material used in nuclear reactors. Since the 2011 Fukushima disaster in Japan, uranium had been the worst-performing commodity as countries re-evaluated their reliance on nuclear power.
Canada’s Cameco Corp. extended the shutdown of one of the world’s biggest uranium mines indefinitely and announced it will fire most workers at the operation until a global supply glut eases. The decision comes amid growing uncertainty in Cameco’s biggest market as U.S. President Donald Trump threatens to extend metal tariffs to uranium imports. “We have not seen the improvement needed in the uranium market to restart McArthur River and Key Lake,” Cameo Chief Executive Officer Tim Gitzel said Wednesday in a statement.
SASKATOON, Saskatchewan, July 25, 2018-- Cameco today reported its consolidated financial and operating results for the second quarter ended June 30, 2018 in accordance with International Financial Reporting ...
SASKATOON, Saskatchewan, July 20, 2018-- Cameco will issue its second quarter results after markets close on Wednesday, July 25, 2018.. Cameco invites investors and the media to join its second quarter ...