Why Cameco Corporation Stock Dropped on Tuesday [Yahoo! Finance]
Cameco Corporation (CCJ)
Last cameco corporation earnings: 5/1 07:00 am
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Source: Yahoo! Finance
Supply constraints and rising demand for uranium in late 2023 and early 2024 drove prices of the radioactive metal well past $100 a pound earlier this year. But the rally faded in March, leading to a steep sell-off. Uranium prices have bounced around the mid-$80 range ever since -- and recently began to slide further. Why are uranium prices falling? Why is this happening? As NorthernMiner.com explained yesterday, "Last year's terrific run was driven by strong demand outlooks." In contrast, uranium's recent declines have been driven by a combination of rising supply and the effect of higher prices on demand. Northern Miner blames a resumption of full production at Kazakhstan's Kazatomprom, new mining in Namibia and Australia, and greater production at Cameco itself. Globally, analysts now forecast a 4.1% annual supply growth in uranium from now through 2030, taking the edge off supply constraints and reducing the premium that buyers are willing to pay to secure the uranium they
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CCJ
Earnings
- 4/30/24 - Miss
CCJ
Sec Filings
- 6/20/24 - Form 144
- 6/6/24 - Form 144
- 5/31/24 - Form 144
- CCJ's page on the SEC website