Latest news with #stable
Yahoo
01-06-2025
- Business
- Yahoo
Should You Buy Cameco While It's Below $61?
Cameco stock is trading near its highest levels in 25 years. The last time its stock was this high was in 2024. A rebounding uranium price and solid first-quarter earnings helped get investors in a positive mood. 10 stocks we like better than Cameco › After the Fukushima nuclear meltdown in Japan in 2011, shares of uranium miner Cameco (NYSE: CCJ) fell into a deep rut. It took a decade for it to climb out of the hole, and in 2024, the stock rose toward a high of a little over $60 a share on rising uranium prices. When uranium prices began falling in February 2024, the stock fell along with it, going as low as the mid-$30s. The stock price eventually recovered and it now trades around $58 a share. Should investors buy Cameco as it makes a run toward the 25-year-high price of a touch over $60 again? Cameco is a large Canadian miner that produces and processes uranium into fuel for nuclear power plants. It also owns a 49% stake in Westinghouse, which provides services -- from plant construction to plant maintenance -- to nuclear power companies. It is one of the largest publicly traded producers of uranium on the planet. A key selling point for Cameco's uranium is where it operates. The vast majority of its owned mines are in North America, a region considered economically and politically stable. And while it does source uranium from less-stable regions, potential customers generally appreciate working with companies from stable regions. Cameco's long history in the industry is another positive, since it proves the company can survive the swings that commodities often experience. Such swings are particularly notable for uranium because external factors can have such a large effect on the nuclear power industry. The Fukushima meltdown was the most recent example, with other notable events including Three Mile Island and Chernobyl. After such high-profile disasters, nuclear power usually goes through a period in which it is shunned and uranium prices fall. When nuclear power is out of favor and uranium demand is thus relatively weak, Cameco's stock price suffers. But nuclear power is increasingly being seen as a clean source of baseload power (the minimum required to meet the demands of a power grid) to support intermittent clean energy sources like solar and wind. With Fukushima more than a decade in the past, the negative overhang is long over. Despite a year-over-year drop in uranium prices, Cameco managed to put up solid first-quarter 2025 earnings results. That's in large part because it doesn't sell uranium at the spot price, it signs long-term contracts. This helps support earnings when uranium prices are falling, but it can hinder earnings when uranium prices are rising. All in, more conservative investors will likely view this approach as a fair trade-off given that uranium is an often volatile commodity. That said, it is the long-term story that investors will want to consider if they are looking at Cameco right now. That's because, based on current expectations, there is going to be a growing supply gap starting in 2030. The increasing use of nuclear power around the world is causing that gap, and if nothing changes, uranium will likely become more dear in a few years. And that should lead to increasingly strong results for Cameco. Cameco is a supplier to the nuclear power industry, making it a pick-and-shovel play on the growth of this energy source. Given its use of long-term contracts, it is one of the less volatile ways to invest in uranium. And the long-term outlook for uranium demand suggests that strong financial performance is likely as uranium demand rises above supply. All of this makes Cameco look attractive today if you have a glass-half-full view of the world. The glass-half-empty view here, which deserves strong consideration, is that past nuclear power renaissances haven't lasted. The big problem is that the view of nuclear power could change quickly if there is another power plant meltdown. And with Cameco's stock heading back toward 25-year highs, there's more downside than there has been in a long time for what is still a commodity-driven business. In other words, only more aggressive investors with a positive view of uranium should consider Cameco. Most others will probably be better off sticking to a utility company that owns nuclear power plants, like Southern Company or Constellation Energy. Before you buy stock in Cameco, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Cameco wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $651,049!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $828,224!* Now, it's worth noting Stock Advisor's total average return is 979% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Reuben Gregg Brewer has positions in Southern Company. The Motley Fool has positions in and recommends Constellation Energy. The Motley Fool recommends Cameco. The Motley Fool has a disclosure policy. Should You Buy Cameco While It's Below $61? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
News.com.au
30-05-2025
- General
- News.com.au
Kembla preview: Trainer Claire Lever's patient approach yields success as Yes Siree aims for second win
As legendary trainer Bart Cummings once said, 'Patience is the cheapest thing on racing and the least used.' Hawkesbury trainer Claire Lever is one person who follows that ideology with her horses and her latest subject is the three-year-old Yes Siree. From his early days the stable, the gelding showed Lever he was blessed with nice ability and even after he won a Hawkesbury barrier trial last November, she put him away knowing he wasn't ready to take the next step. 'He showed nice ability from the time he came into the stable but he was really slow to mature,' said Claire Lever. 'He kept growing and took a long time to come together to where you want him to be. The Form: Complete NSW Racing thoroughbred form, including video replays and all you need to know about every horse, jockey and trainer. Find a winner here! 'He grew more than we expected and took time to mature. 'I know he trialled well last time around but we just wanted to see him develop a bit more so we tipped him out. 'It wasn't until this preparation that he got to where we could do a bit more with him.' Returning for a late autumn and winter campaign, Yes Siree rewarded Lever and his owners with a debut win at Wyong on May 1. 'He trialled well then went to the races and won his first start,' Lever said. 'It probably wasn't an overly strong form race but it was over an unsuitably short distance for him and he did a few things wrong so he's progressing. 'It nice to have a horse in the stable that will keep improving that has been looked after.' That Wyong win came on a Heavy 10 but it was no surprise he handles the conditions so well being a son of Everest winner and Randwick 1200m track record holder Yes Yes Yes from an O'Reilly mare. Yes Siree is looking to make it two from two when he steps out on the Benchmark 64 Handicap (1200m) at Kembla on another heavy track with Grant Buckley to ride. 'It's a heavy track again but the Yes Yes Yes' have won all well on heavy tracks,' she said. 'The fact he ticked that box off, you can go to the races with that little bit more confidence that the track is not going to worry him too much. Casanova just finds enough to win at Hawkesbury for @leverracing! ðŸ'� â€' SKY Racing (@SkyRacingAU) March 8, 2025 'Down the track, I think 1400m will be is best distance but stepping up to 1200 metres this weekend will be good for him.' Four-year-old gelding Casanova has been a model of consistency in his two campaigns for Lever with a win and two placings in the first and he has a win and two placings so far this time in. He is looking to improve on that when he lines up in the Benchmark 64 Handicap (1600m) with Lever husband, Chad, to ride. The gelding scored a tough win on his home track in March before a rare blip when well back behind Monkhena there a month later. A drop in grade saw him return his usually form with a third behind Exceedingly Hot at Queanbeyan on May 11. 'He is very honest, he puts himself up on speed or thereabouts and just tries really hard,' Lever said. 'His run at Hawkesbury was out of character but he pulled up okay. 'He bounced back with a better effort last start although it was at Queanbeyan in weaker grade. 'Back to provincial grade, on a nice track and down in weight, I think he will run well again.
