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Cameco Corporation
Type
Public
Traded as TSX: CCO
NYSE: CCJ
S&P/TSX 60 component
Industry Mining, energy
Predecessor Eldorado Nuclear Limited
Saskatchewan Mining Development Corporation
Founded 1988
Headquarters Saskatoon, Saskatchewan, Canada
Key people
Neil McMillan (Chairman)
Tim Gitzel (President & CEO)
Products Uranium, electricity
Revenue Increase$2.438 billion CAD (2013)
Number of employees
3,300 Globally (2010)
Website http://www.cameco.com/

Cameco Corporation is the world's largest publicly traded uranium company, based in Saskatoon, Saskatchewan. In 2015, it was the world's second largest uranium producer, accounting for 18% of world production.

"Cameco - Canadian Mining and Energy Corporation" was formed in 1988 by the merger and privatization of two crown corporations: the federally owned Eldorado Nuclear Limited (known previously as Eldorado Mining and Refining Limited) and Saskatchewan-based Saskatchewan Mining Development Corporation (SMDC). The name was later shortened to "Cameco Corporation".

The new company was initially owned 62% by the provincial government and 38% by the federal government. The initial public offering (IPO) for 20% of the company was conducted in July, 1991. Government ownership of the company decreased over the next eleven years, with full privatization occurring in February, 2002.

In 1996, Cameco acquired Power Resources Inc., the largest uranium producer in the United States. This was followed in 1998 by the acquisition of Canadian-based Uranerz Exploration and Mining Limited and Uranerz U.S.A., Inc.

In 2012, it acquired a nuclear fuel intermediary Nukem Energy.

Cameco operates uranium mines in North America and Kazakhstan, including McArthur River-Key Lake, the world's largest uranium producer, and Cigar Lake, the world's highest grade uranium mine, both in Saskatchewan. Other operations in Saskatchewan include a mine and mill at Rabbit Lake, currently in care and maintenance.

In the United States, Cameco operates uranium mines in the states of Nebraska and Wyoming through its US subsidiary Cameco Resources Inc. Cameco Resources was formed in 2007 through a restructuring of two wholly owned subsidiaries, Power Resources Inc. (Wyoming) and Crow Butte Resources, Inc. (Nebraska).

In the province of Ontario, Cameco operates a uranium refinery in Blind River and a uranium conversion facility in Port Hope, which has faced opposition from some community groups. Through the Bruce Power Limited Partnership (BPLP), Cameco also participates in nuclear power generation in the province.

In 2004, Cameco spun off its gold mining operations in Kyrgyzstan, Mongolia and the USA to a newly formed public company, Centerra Gold. Cameco divested its remaining interest in Centerra on December 30, 2009.

Current (2014) members of the board of directors of Cameco Corporation are:

In January 2011, Cameco participated in the clean up of a ship-board uranium concentrate spill on the MCP Altona that had occurred on December 23, 2010.

In 2011, Cameco signed an agreement with Talvivaara Mining Company whereby Cameco would pay US$60 million to construct a uranium extraction circuit at the Talvivaara nickel-zinc mine in Sotkamo. Talvivaara would then pay back the initial construction costs in the form of uranium concentrate; once the initial costs were paid Cameco would continue to purchase the uranium concentrate at a pricing formula based on market price on the day of delivery.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-02-05 Future report Set alerts
Q3 2020 2020-11-06 Future report Set alerts
Q2 2020 2020-07-29 -0.16 -0.13
Q1 2020 2020-05-01 0.07 -0.05
Q4 2019 2020-02-07 0.24 0.32
Q3 2019 2019-11-01 -0.01 -0.03
Q2 2019 2019-07-25 -0.04 -0.06
Q1 2019 2019-05-01 -0.08 -0.05
Q4 2018 2019-02-08 0.51 0.40
Q3 2018 2018-11-02 0.04 0.07

Ratings

2016-06-01 Reiterated Rating RBC Capital Outperform
2016-06-01 Reiterated Rating Royal Bank Of Canada Outperform
2016-05-05 Reiterated Rating Scotiabank Sector Perform $16.50 to $15.50
2016-04-26 Reiterated Rating RBC Capital Outperform
2016-04-26 Reiterated Rating Scotiabank Sector Perform $17.50 to $16.50
2016-04-23 Reiterated Rating CIBC Sector Outperform $22.00
2016-04-19 Reiterated Rating RBC Capital Outperform $24.00
2016-04-07 Downgrade Scotiabank Outperform to Sector Perform
2016-01-30 Reiterated Rating RBC Capital Outperform $24.00
2016-01-07 Reiterated Rating RBC Capital Outperform
2015-11-24 Reiterated Rating RBC Capital Outperform
2015-11-03 Lower Price Target RBC Capital Outperform $27.00 to $24.00
2015-10-22 Reiterated Rating RBC Capital Outperform $27.00
2015-10-19 Reiterated Rating Canaccord Genuity Buy $22.00
2015-08-06 Reiterated Rating Cowen and Company Market Perform $19.00 to $17.00
2015-07-02 Reiterated Rating Credit Suisse Neutral $24.50 to $23.00
2015-07-02 Reiterated Rating Credit Suisse Group AG Neutral $24.50 to $23.00
2015-06-26 Initiated Coverage Goldman Sachs Buy $18.00
2015-06-26 Initiated Coverage Goldman Sachs Group Inc. Buy $18.00
2015-05-08 Reiterated Rating Canaccord Genuity Buy
2015-05-07 Reiterated Rating Dundee Securities Buy $24.00
2015-05-07 Reiterated Rating RBC Capital Outperform $25.00 to $26.00
2015-05-07 Reiterated Rating Cantor Fitzgerald Buy $26.15 to $27.25
2015-04-30 Upgrade Raymond James Market Perform to Outperform
2015-04-30 Upgrade Raymond James Financial Inc. Market Perform to Outperform
2015-04-13 Upgrade Bank of America Neutral to Buy $20.00 to $23.00
2015-04-13 Upgrade Bank of America Corp. Neutral to Buy $20.00 to $23.00
2015-04-09 Upgrade Canaccord Genuity Hold to Buy $20.00 to $23.00
2015-04-02 Upgrade BMO Capital Markets Market Perform to Outperform
2015-02-10 Reiterated Rating Scotiabank Sector Outperform
2014-11-26 Reiterated Rating Scotiabank Sector Outperform
2014-10-30 Upgrade Salman Partners Hold to Buy
2014-10-09 Upgrade Dundee Securities Neutral to Buy
2014-09-23 Downgrade Bank of America Buy to Neutral $26.00 to $21.00
2014-08-21 Downgrade Cowen Outperform to Market Perform $25 to $20
2014-08-21 Downgrade Cowen and Company Outperform to Market Perform $25.00 to $20.00
2014-08-01 Boost Price Target Canaccord Genuity Hold C$20.00 to C$21.00
2014-08-01 Boost Price Target Paradigm Capital Buy C$26.00 to C$28.00
2014-07-28 Downgrade Dundee Securities Buy to Neutral
2014-07-25 Downgrade Cantor Fitzgerald Buy to Hold
2014-07-17 Lower Price Target TD Securities Hold C$26.00 to C$24.00
2014-06-19 Downgrade Raymond James Outperform to Market Perform $28.00 to $22.00
2014-06-06 Upgrade Canaccord Genuity Sell to Hold
2014-06-05 Lower Price Target RBC Capital Outperform $27.00 to $26.00
2014-05-01 Downgrade Salman Partners Buy to Hold
2014-04-30 Reiterated Rating Scotiabank Sector Outperform
2014-04-30 Lower Price Target Broadpoint Capital Sell C$23.00 to C$22.00
2014-04-30 Lower Price Target CSFB Neutral C$26.00 to C$25.00
2014-04-30 Lower Price Target Dundee Securities Neutral C$27.50 to C$25.00
2014-04-30 Lower Price Target Paradigm Capital Buy $28.80 to $28.00
2014-04-30 Lower Price Target Raymond James Outperform $29.00 to $28.00
2014-04-30 Downgrade TD Securities Buy to Hold $29.00 to $26.00
2014-03-25 Downgrade BMO Capital Markets Outperform to Market Perform $22.60 to $24.60
2014-02-11 Downgrade Cormark Buy to Market Perform
2014-02-11 Lower Price Target Cowen and Company Outperform $24.00 to $22.00
2014-02-03 Downgrade Canaccord Genuity Hold to Sell
2014-01-21 Upgrade TD Securities Hold to Buy
2014-01-14 Upgrade Bank of America Neutral to Buy $22.00 to $30.00
2014-01-09 Initiated Coverage Scotiabank Outperform
2013-12-11 Initiated Coverage FBR & Co. Market Perform $24.00
2013-09-27 Downgrade Bank of America Buy to Neutral $25.00 to $22.00
2012-02-13 Reiterated Dahlman Rose Buy $32 to $30
2010-04-05 Downgrade Canaccord Adams Hold to Sell
2009-12-08 Downgrade BMO Capital Markets Outperform to Market Perform
2009-10-05 Initiated CIBC Wrld Mkts Sector Perform
2009-09-28 Downgrade Canaccord Adams Buy to Hold
2009-04-27 Upgrade Canaccord Adams Hold to Buy
2009-01-14 Downgrade CIBC Wrld Mkts Sector Outperform to Sector Perform
2008-12-24 Downgrade Friedman Billings Outperform to Mkt Perform $48 to $13
2008-09-04 Initiated Sterne Agee Hold $35
2016-06-01 Reiterated Rating RBC Capital Outperform
2016-06-01 Reiterated Rating Royal Bank Of Canada Outperform
2016-05-05 Reiterated Rating Scotiabank Sector Perform $16.50 to $15.50
2016-04-26 Reiterated Rating RBC Capital Outperform
2016-04-26 Reiterated Rating Scotiabank Sector Perform $17.50 to $16.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

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