Uranerz Energy Corporation (NYSE: URZ), Watsco, Incorporated (NYSE: WSO), Alpha Natural Resources (NYSE: ANR), Walter Energy (NYSE: WLT), Cloud Peak Energy (NYSE: CLD) and Open Text (NASDAQ: OTEX) price targets adjusted by analysts.
Watsco, Incorporated (WSO) had its price target lowered by UBS AG (NYSE:UBS) to $54.00. They have a “Neutral” rating on the company.
Alpha Natural Resources (ANR) had its price target lowered by FBR Capital from $58.00 to $53.00. They have an “Outperform” rating on the company.
Uranerz Energy Corporation (URZ) had its price target lowered by Dahlman Rose from $5.00 to $3.50. They have a “Buy” rating on the company.
Walter Energy (WLT) had its price target lowered by FBR Capital from $139.00 to $104.00. They have a “Market Perform” rating on the company.
Cloud Peak Energy (CLD) had its price target lowered by FBR Capital from $28.00 to $25.00. They have an “Outperform” rating on the company.
Open Text (OTEX) had its price target lowered by The Benchmark Company from $56.00 to $52.00. They have a “Sell” rating on the company.
Showing posts with label Uranerz Energy. Show all posts
Showing posts with label Uranerz Energy. Show all posts
Friday, August 12, 2011
Tuesday, May 10, 2011
AMEX's (SLI) (URZ) (VTG) (SIHI) (GRC) Trading Over 7%
SL Industries, Inc. (AMEX:SLI), Uranerz Energy Corporation (AMEX:URZ), Vantage Drilling Company (AMEX:VTG), SinoHub, Inc (AMEX:SIHI) and Gorman-Rupp Company (AMEX:GRC) were all trading up over 7 percent on the AMEX today.
SL Industries, Inc. (SLI) was trading at $23.25, gaining $2.92, or 14.36 percent, as of 1:48 PM EDT.
Uranerz Energy Corporation (URZ) was trading at $3.1498, up $0.2998, or 10.52 percent.
Vantage Drilling Company (VTG) was trading at $1.82, rising $0.13, or 7.69 percent.
SinoHub, Inc (SIHI) was trading at $1.85, jumping $0.13, or 7.39 percent.
Gorman-Rupp Company (AMEX:GRC) was trading at $43.65, soaring $2.95, or 7.25 percent.
SL Industries, Inc. (SLI) was trading at $23.25, gaining $2.92, or 14.36 percent, as of 1:48 PM EDT.
Uranerz Energy Corporation (URZ) was trading at $3.1498, up $0.2998, or 10.52 percent.
Vantage Drilling Company (VTG) was trading at $1.82, rising $0.13, or 7.69 percent.
SinoHub, Inc (SIHI) was trading at $1.85, jumping $0.13, or 7.39 percent.
Gorman-Rupp Company (AMEX:GRC) was trading at $43.65, soaring $2.95, or 7.25 percent.
Friday, May 6, 2011
Cameco (CCJ) Falters, Uranium COs Trade Mixed
Companies and ETFs with exposure to uranium and nuclear are trading mixed after the poor first quarter results reported by Cameco Corp. (NYSE:CCJ).
Fortunately it was a miss related more to the company than it was to the sector, otherwise share prices would have plummeted across the board because of the continuing uncertainty in the nuclear industry related to the consequences of the earthquake in Japan.
Uranium production volume fell to 4.7 million pounds, a plunge of 23 percent. Most of that was attributed to a drop in production at McArthur River/Key Lake.
Sales volume dropped 8 percent, resulting in a 2 percent fall in revenue from uranium for Cameco.
Cameco also guided lower for the remainder of 2011.
Nuclear ETF iShares S&P Global Nuclear Energy Index (Nasdaq:NUCL) was trading at $42.00, gaining $0.35, or 0.84 percent, after trading down most of the day. Market Vectors Nuclear Energy Energy (NYSEArca:NLR) was trading at $22.64, up $0.20, or 0.89 percent.
Denison (NYSE:DNN) was trading at $2.17, down $0.01, or -0.46 percent. Cameco Corporation was at $28.31, falling $0.27, or 0.94 percent. USEC Inc. (NYSE:USU) was at $4.30, declining $0.01, or 0.23 percent. Uranium One (TSE:UUU) was trading in Toronto at $4.17, falling $0.06, or 1.42 percent. Uranium Resources, Inc. (NASDAQ:URRE) was trading at $1.65, up $0.03, or 1.85 percent. Uranium Energy (AMEX:UEC) climbed to $3.25, rising $0.05, or 1.56 percent. Ur-Energy Inc. (AMEX:URG) was at $1.51, gaining $0.02, or 1.34 percent. Uranerz Energy Corporation (AMEX:URZ) was trading at $2.725, up 0.085, or 3.22 percent
Almost every uranium company started to rebound at about 2:30 PM EDT.
Fortunately it was a miss related more to the company than it was to the sector, otherwise share prices would have plummeted across the board because of the continuing uncertainty in the nuclear industry related to the consequences of the earthquake in Japan.
Uranium production volume fell to 4.7 million pounds, a plunge of 23 percent. Most of that was attributed to a drop in production at McArthur River/Key Lake.
Sales volume dropped 8 percent, resulting in a 2 percent fall in revenue from uranium for Cameco.
Cameco also guided lower for the remainder of 2011.
Nuclear ETF iShares S&P Global Nuclear Energy Index (Nasdaq:NUCL) was trading at $42.00, gaining $0.35, or 0.84 percent, after trading down most of the day. Market Vectors Nuclear Energy Energy (NYSEArca:NLR) was trading at $22.64, up $0.20, or 0.89 percent.
Denison (NYSE:DNN) was trading at $2.17, down $0.01, or -0.46 percent. Cameco Corporation was at $28.31, falling $0.27, or 0.94 percent. USEC Inc. (NYSE:USU) was at $4.30, declining $0.01, or 0.23 percent. Uranium One (TSE:UUU) was trading in Toronto at $4.17, falling $0.06, or 1.42 percent. Uranium Resources, Inc. (NASDAQ:URRE) was trading at $1.65, up $0.03, or 1.85 percent. Uranium Energy (AMEX:UEC) climbed to $3.25, rising $0.05, or 1.56 percent. Ur-Energy Inc. (AMEX:URG) was at $1.51, gaining $0.02, or 1.34 percent. Uranerz Energy Corporation (AMEX:URZ) was trading at $2.725, up 0.085, or 3.22 percent
Almost every uranium company started to rebound at about 2:30 PM EDT.
Wednesday, May 4, 2011
Cameco (CCJ) (URG) (URZ) (NLR) Ready to Soar on Nuclear Demand?
One element involved in the nuclear and uranium industry is some companies are exposed to several sectors and/or segments of energy, so they must be considered in that light accordingly, but with nuclear sure to be begin to rebound, as it appears it already is, companies like Cameco Corporation (NYSE:CCJ), Ur-Energy Inc. (AMEX:URG), Uranerz Energy Corporation (AMEX:URZ) and Market Vectors Nuclear Energy E (NYSEArca:NLR) should benefit from the move.
A couple of bits of news gave the uranium and nuclear sector a boost Tuesday. One was the announcement by Uranerz Energy (URZ) that the company has increased its uranium resource base at Power River Basin by 45 percent to 19.1 million pounds. The company also said in its note to shareholders that it now holds $47 million in cash. That gave the company a 10 percent boost in its share price, and will have a short-term positive effect on the sector.
More important, and something that gives a look at the near-term outlook for the uranium and nuclear industry, is the new that Russian and Chinese state-owned nuclear companies have made bids for Australian uranium assets, underscoring the reality nuclear remains extremely important to the countries, and their plans to expand in that energy area will continue for years.
The difference now and after the nuclear problems in Japan is the companies are asking for a reduction in their bids. Rosatom bid for ASX-listed Tanzanian uranium developer Mantra Resources (ASX:MRU), where they asked for a reduction of 12 percent of the former bid.
China's CGNPC told Kalahari Minerals they want to cut 7 percent off its takeover bid.
So it appears the tragedy in Japan hasn't done much to stop nuclear demand, but rather has lowered the premium prices that had existed before the earthquake.
With uranium demand unlikely to fall any time soon, it's uncertain whether the lower acquisition bids will put downward pressure on margins and earnings of companies if that extends to uranium prices as well.
The bottom line is nuclear and uranium are not going anywhere, and China and Russia appear to be making a move to lock up long-term sources at prices 7 to 12 percent lower than before the nuclear crisis in Japan.
How that will affect the overall industry has yet to unfold, but it has definitely changed the game. What hasn't changed is the demand for uranium and nuclear power.
This won't be a sudden move, but one that evolves over time. In the meantime, China and Russia are attempting to get some bargains and supply sources before the rest of the market catches on.
A couple of bits of news gave the uranium and nuclear sector a boost Tuesday. One was the announcement by Uranerz Energy (URZ) that the company has increased its uranium resource base at Power River Basin by 45 percent to 19.1 million pounds. The company also said in its note to shareholders that it now holds $47 million in cash. That gave the company a 10 percent boost in its share price, and will have a short-term positive effect on the sector.
More important, and something that gives a look at the near-term outlook for the uranium and nuclear industry, is the new that Russian and Chinese state-owned nuclear companies have made bids for Australian uranium assets, underscoring the reality nuclear remains extremely important to the countries, and their plans to expand in that energy area will continue for years.
The difference now and after the nuclear problems in Japan is the companies are asking for a reduction in their bids. Rosatom bid for ASX-listed Tanzanian uranium developer Mantra Resources (ASX:MRU), where they asked for a reduction of 12 percent of the former bid.
China's CGNPC told Kalahari Minerals they want to cut 7 percent off its takeover bid.
So it appears the tragedy in Japan hasn't done much to stop nuclear demand, but rather has lowered the premium prices that had existed before the earthquake.
With uranium demand unlikely to fall any time soon, it's uncertain whether the lower acquisition bids will put downward pressure on margins and earnings of companies if that extends to uranium prices as well.
The bottom line is nuclear and uranium are not going anywhere, and China and Russia appear to be making a move to lock up long-term sources at prices 7 to 12 percent lower than before the nuclear crisis in Japan.
How that will affect the overall industry has yet to unfold, but it has definitely changed the game. What hasn't changed is the demand for uranium and nuclear power.
This won't be a sudden move, but one that evolves over time. In the meantime, China and Russia are attempting to get some bargains and supply sources before the rest of the market catches on.
Tuesday, April 26, 2011
Denison Mines (DNN) (USU) (URRE) (URZ) (NUCL) Closed Mixed in Monday Trading
Shares of uranium and nuclear companies like Denison Mines Corp (AMEX:DNN), USEC Inc. (NYSE:USU), Uranium Resources, Inc. (NASDAQ:URRE), Uranerz Energy Corporation (AMEX:URZ) and iShares S&P Global Nuclear Energy Index (Nasdaq:NUCL) closed mixed Monday, April 25th, as the initial shock of the nuclear challenges in Japan from the earthquake start to gradually wind down.
The headline that the nuclear sector is going to be abandoned and replaced by other so-called "green" energy is of course ludicrous, as solar and wind turbines are a poor and unpredictable source of energy, and will never be able to supply, or come close to supplying, the growing energy needs of the world.
While it's obvious the nuclear industry will go over safety measures to ensure the highest safety levels possible, the idea of taking an extremely rare occurrence like an 8.9 earthquake in Japan as the worst case scenario to determine nuclear strategies isn't going to happen, even though the industry will be safer and better for making any improvements they can.
Uranium suppliers, either way, will continue to enjoy growth going forward, regardless of the response to the industry in the aftermath of Japan, as existing nuclear plants will continue to operate for years into the future, and will need uranium to power them.
Who could be hurt more, depending on if they have any courage to continue on in the sector or not, are General Electric (NYSE:GE) and Siemens (NYSE:SI).
The headline that the nuclear sector is going to be abandoned and replaced by other so-called "green" energy is of course ludicrous, as solar and wind turbines are a poor and unpredictable source of energy, and will never be able to supply, or come close to supplying, the growing energy needs of the world.
While it's obvious the nuclear industry will go over safety measures to ensure the highest safety levels possible, the idea of taking an extremely rare occurrence like an 8.9 earthquake in Japan as the worst case scenario to determine nuclear strategies isn't going to happen, even though the industry will be safer and better for making any improvements they can.
Uranium suppliers, either way, will continue to enjoy growth going forward, regardless of the response to the industry in the aftermath of Japan, as existing nuclear plants will continue to operate for years into the future, and will need uranium to power them.
Who could be hurt more, depending on if they have any courage to continue on in the sector or not, are General Electric (NYSE:GE) and Siemens (NYSE:SI).
Monday, March 21, 2011
Uranium (CCJ)(URZ)(DNN)(URG)(URRE)(UEC) Sees Big Rebound Friday
Uranium companies exploded upward Friday, taking back much of the losses after temporary concerns over uranium demand in light of possible slowdown in the nuclear industry.
Shares of Ur Energy Inc. (AMEX:URG), Uranium Resources, Inc. (Nasdaq:URRE), Uranium Energy Corp. (AMEX:UEC), Cameco Corp. (NYSE:CCJ), Uranerz Energy Corp. (AMEX:URZ) and Denison Mines Corp. (AMEX:DNN) up all soared on the day.
Those bold and wise enough to pour their money into the companies after the sell off have made a lot of money, as the stocks were considered oversold as most countries reiterated their commitment to a nuclear strategy to help meet energy needs.
Denison closed Friday at $2.61, gaining $0.19, or 7.85 percent. Uranerz Energy Corp. closed at $3.10, up $0.23, or 8.01 percent. Cameco closed at $29.40, up $1.30, or 4.63 percent. Uranium Energy Corp. ended the day at $4.28, gaining $0.44, or 11.46 percent. Uranium Resources closed at $2.17, rising $0.54, or 33.13 percent. Ur Energy Inc. closed the session at $1.70, up $0.26, or 18.06 percent.
Shares of Ur Energy Inc. (AMEX:URG), Uranium Resources, Inc. (Nasdaq:URRE), Uranium Energy Corp. (AMEX:UEC), Cameco Corp. (NYSE:CCJ), Uranerz Energy Corp. (AMEX:URZ) and Denison Mines Corp. (AMEX:DNN) up all soared on the day.
Those bold and wise enough to pour their money into the companies after the sell off have made a lot of money, as the stocks were considered oversold as most countries reiterated their commitment to a nuclear strategy to help meet energy needs.
Denison closed Friday at $2.61, gaining $0.19, or 7.85 percent. Uranerz Energy Corp. closed at $3.10, up $0.23, or 8.01 percent. Cameco closed at $29.40, up $1.30, or 4.63 percent. Uranium Energy Corp. ended the day at $4.28, gaining $0.44, or 11.46 percent. Uranium Resources closed at $2.17, rising $0.54, or 33.13 percent. Ur Energy Inc. closed the session at $1.70, up $0.26, or 18.06 percent.
Thursday, March 17, 2011
China Temporarily Suspends Nuclear Plant Approvals
Confirming what they've already said, China said it will continue to build its nuclear reactors and maintian their nuclear energy strategy, although they have stopped approval of nuclear plants in order to go over safety standards to see if anything needs to be changed.
Some media outlets have made this look as if there is some doubt as to using nuclear energy in China, but that's not the case at all; it's just a temporary precaution to make sure the proper safety measures in place before proceeding.
In a statement made by the Chinese state council, they also said it "has required relevant departments to do safety checks at existing plants."
"Before the revised safety standards are approved, all new nuclear power plants, including pre-construction works, should be suspended," according to the statement.
The report concluded that China isn't affected by radioactive leakage from the Japanese plant.
As expected, the nuclear, and by extension, uranium industry, could be under short-term pressure, but that won't last long once the safety process is completed.
With the nuclear goals still in place, it's unclear whether that will have too much of a detrimental impact on uranium companies, as an expected supply problem has been anticipated for some time, and China and others vying for uranium may continue to stock up.
Some uranium companies are Cameco (NYSE:CCJ), Crosshair (AMEX:CXZ), Denison (AMEX:DNN), Uranium Energy (AMEX:UEC), UR Energy (AMEX:URG), Uranium Resources (NASDAQ:URRE) and Uranerz Energy (AMEX:URZ).
Some media outlets have made this look as if there is some doubt as to using nuclear energy in China, but that's not the case at all; it's just a temporary precaution to make sure the proper safety measures in place before proceeding.
In a statement made by the Chinese state council, they also said it "has required relevant departments to do safety checks at existing plants."
"Before the revised safety standards are approved, all new nuclear power plants, including pre-construction works, should be suspended," according to the statement.
The report concluded that China isn't affected by radioactive leakage from the Japanese plant.
As expected, the nuclear, and by extension, uranium industry, could be under short-term pressure, but that won't last long once the safety process is completed.
With the nuclear goals still in place, it's unclear whether that will have too much of a detrimental impact on uranium companies, as an expected supply problem has been anticipated for some time, and China and others vying for uranium may continue to stock up.
Some uranium companies are Cameco (NYSE:CCJ), Crosshair (AMEX:CXZ), Denison (AMEX:DNN), Uranium Energy (AMEX:UEC), UR Energy (AMEX:URG), Uranium Resources (NASDAQ:URRE) and Uranerz Energy (AMEX:URZ).
Subscribe to:
Posts (Atom)