CCJ
Cameco Corporation
CCJ
94.59USD
+1.46%
Sep 23, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $39.9B
- Avg Volume (60D)
- 3.0M
- Revenue Growth YoY
- -1.8%
- Gross Margin
- +25.6%
- Operating Margin
- +14.0%
- Distance from 200DMA
- -10.7%
- Next Earnings
- 2026-10-30
- P/E
- 155.3x
- EV / Sales
- 15.9x
60 sessions
Trailing twelve months
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Fundamentals & Valuation
Only one valuation perspective could be built for this company, and it reads expensive.
Cameco Corporation has an Expensive valuation stance because the price embeds expectations that run ahead of the growth it delivers per turn of revenue multiple. It trades at 15.9x revenue, which requires sustained delivery to be justified.
Company Research
Thesis
Cameco is a vertically integrated nuclear-fuel supplier: it produces uranium from major Canadian operations and interests in Kazakhstan, provides UF6 and UO2 conversion and fuel-bundle services, and owns a major interest in Westinghouse, adding reactor-services and fuel-fabrication exposure.
Opportunity
Moderate opportunity
Utility and government procurement for secure, non-Russian uranium concentrate, conversion capacity and other front-end nuclear-fuel inputs needed to support existing reactors and planned nuclear generation.
Key risk
Volatility in uranium prices.
Narrative & Theme
Nuclear Fuel Cycle Rebuild
Part of Domestic Uranium Mining and Front End Supply, with strong fit.
Its uranium production, conversion services and long-term utility contracting are positioned for a Western fuel-supply chain that is being rebuilt around supply security, reactor life extensions and new-build demand.
Narrative HeatHeating up7.0 / 10
Theme HeatNeutral6.5 / 10
Business & Markets
Energy · Uranium
What they do
Cameco Corporation engages in the exploration, mining, milling, refining, conversion, fabrication, and sale of uranium and nuclear fuel products, operating through its Uranium, Fuel Services, and Westinghouse segments.
How it earns
The company generates revenue primarily through transactional sales of uranium concentrate, fuel services, and nuclear reactor technology products and services.
Products & services
Uranium concentrate
Uranium refining and conversion services
Nuclear reactor technology and services
Customers & end markets
Electric utilities generating nuclear power
Nuclear fuel fabricators
Nuclear reactor operators
Market position
Cameco is a leading uranium producer with integrated operations across the nuclear fuel supply chain.
Demand drivers
High cyclicality
Uranium demand and prices are influenced by nuclear power industry cycles and geopolitical factors affecting supply.
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