Money: Cameco beats estimates, BMO raises target - PressFrom - Canada

MoneyCameco beats estimates, BMO raises target

23:26  11 february  2019
23:26  11 february  2019 Source:

Metro raises dividend, sales up from year ago

Metro raises dividend, sales up from year ago Metro raises dividend, sales up from year ago

Introducing Step Up for Mental Health, a new initiative powered by Cameco in partnership with Brainsport. Learn more. Financial Reports.

Estimate your Lyft fare price online with this Lyft cost calculator for free ✅. It's a fast way to see the Lyft fare prices of Lyft in your neighbourhood without login. To get the real-time Lyft fare estimate you can use our Lyft estimator at the top of the page.

Cameco beats estimates, BMO raises target© Provided by A drill is shown during a Cameco media tour of the uranium mine in Cigar Lake, Wednesday, September 23, 2015. THE CANADIAN PRESS/Liam Richards

Production cuts and some price gains helped Cameco Corp. post a better-than-expected profit in its latest quarter, but it said industry headwinds remain.

"You will see from our results that we had a strong finish to 2018," CEO Tim Gitzel told on a conference call Monday.

"That said, and as we expected, our 2019 outlook points to a weaker performance from a gross profit point of view."

The uranium producer has been struggling for years with a sluggish market for yellowcake. Last year, it temporarily halted production at its McArthur River mine and later made the shutdown permanent as it and other producers looked to cut back on supply.

The Fed is capitulating and that could be a bad sign for the economy

The Fed is capitulating and that could be a bad sign for the economy The bad news is that the Fed’s back-stepping suggests that the economic cycle might be getting long in the tooth, and the recovery isn’t as robust as it previously let on . After all, those economic “cross-currents,” as Powell called them — trade wars, slowing and fractious Europe, China and Brexit, and so on — haven’t gone away. But at least for now, the Fed’s new patience might make them easier for investors to withstand.

Fare Estimate allows you to compare Uber vs Lyft prices for any route with real time prices allowing you to choose the cheaper fare and to avoid surges. Fare estimate also provides a map with your route and approximate travel time. Plus, a way to share your destination via a link and call the ride of your

Cameco 's uranium assets are located on three continents – North America, Asia and Australia - and our operations span the nuclear fuel cycle from exploration to fuel manufacturing. Cameco is a major supplier of uranium processing services required to produce fuel for the generation of clean electricity.

The drop in supplies from Cameco and others, and some increased demand, have helped boost spot market prices by about 20 per cent since the start of 2018, but long-term orders have lagged.

The company relied more on stockpiles because of the mine shutdown, leaving its inventories at about a third of where they were at the start of 2018. The drop in inventories and a tough outlook will mean more challenges for next year, Gitzel said.

"We will continue to generate cash from operations in this difficult time. However, the cash generated will not be as robust as in 2018, given the weaker outlook and without the release of working capital associated with the inventory drawdown in 2018."

The lack of cash flow is a challenge, said BMO Capital Markets analyst Alexander Pearce, but he raised the target price for the company by a dollar to $17.50 on a strengthened balance sheet, a potential settlement with a Japanese utility and a rising uranium price.

Google parent beats Q4 estimates, stock still drops

Google parent beats Q4 estimates, stock still drops Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading over investor concerns about increased spending. Alphabet swung to a profit of $8.9 billion, up from a $3 billion loss in the same period a year ago due to the effects of a new federal tax law. Its revenue grew this quarter to $39.3 billion, up more than 21 per cent from $32.3 billion last year. Alphabet's earnings per share of $12.77 beat Wall Street expectations of $10.86 per share, according to analysts polled by FactSet.

Clear Estimates is an easy-to-use program that allows you to quickly determine a project's cost, manage a parts library and maintain customers.

Target (TGT) met estimates , but it also said that its next quarterly earnings report would come in well ahead of estimates . Both stocks are up over 4% pre-market. Meanwhile, new jobless claims is dipping, so it's another good morning for the Larry Kudlow-mustard seed-green shoots crowd.

"We continue to have reasons to be positive on the stock," said Pearce in a note.

The company reported Friday a profit of $160 million for the quarter ending Dec. 31, compared with a loss of $62 million for the same quarter a year earlier.

Adjusted net earnings were $202 million, or 51 cents per share, compared with adjusted earnings of $181 million or 46 cents per share for the same quarter in 2017.

The adjusted earnings were well ahead of analyst expectations of 23 cents per share for the quarter, according to Thomson Reuters Eikon.

The company got a boost last year with a court victory against a major Canada Revenue Agency tax dispute, but a U.S. review of uranium imports continues to loom.

Gitzel said on the call that he has been down to Washington D.C. more times in the last six months than in the 10 years prior as the company looks to avoid tariffs or restrictions on uranium imports from Canada.

Greenfield Park kindergartner raises more than $1,000 for new school toaster

Greenfield Park kindergartner raises more than $1,000 for new school toaster A kindergartner at a Greenfield Park elementary school has raised more than $1,000 to buy the school a new, industrial-grade toaster.

"We are effectively navigating current market developments, and are making the decisions necessary to keep the company strong and viable for the long-term." Tim Gitzel, Cameco 's president and CEO.

Researching Cameco (NYSE:CCJ) stock? View CCJ's stock price, price target , dividend, earnings, financials, insider trades, news and SEC filings at MarketBeat. NYSE:CCJ - Cameco Stock Price, News, & Analysis. Sign in or create an account to add this stock to your watchlist.

"We're heavily involved, obviously, trying to find a solution that might work for everybody. And it's really in no one's interest to put hurt on the utilities."

Companies in this story: (TSX:CCO)

Follow @MSNMoneyCanada on Twitter

Are you on LinkedIn? Follow Microsoft News Canada and keep up with the latest industry news, career, jobs and tech updates. Connect with us now!

Thunder's Diallo captures Slam Dunk crown, beats Smith Jr. in finals.
Thunder's Diallo captures Slam Dunk crown, beats Smith Jr. in finals

—   Share news in the SOC. Networks
This is interesting!