URA - CCJ Q4 results - industry leader looks to increase volume shares up ~5%

Cameco (NYSE:CCJ) released Q4 results before the open, handily beating earnings expectations, raising the dividend and planning for re-start of operations at McArthur River. Shares are up ~5% in the pre-market on:   Earnings - Cameco generated 6c/s in the quarter, versus Street expectations for 2c/s. Dividend - the dividend was raised 50% to 12c per share, though the yield remains below 1%. Supply - in concert with restarting the McArthur River mine in 2024, Cameco will reduce production at Cigar lake; in total, production will ramp from 25% of capacity in 2021 to 60% of capacity in 2024. Contracting - since the beginning of 2021 Cameco has signed long-term contracts for 70m lbs of production. Cameco has shown meaningful supply discipline, as the uranium industry has restructured following the Fukushima disaster. Although there's a long way to go before the industry reaches normal operating rates, increasing interest in nuclear power

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CCJ Q4 results - industry leader looks to increase volume, shares up ~5%