Cameco is set to post stronger Q3 results backed by higher sales and Fuel Services growth, though an earnings beat may remain elusive.
Shares of Cameco NYSE: CCJ ignited at the end of October, stunning the market with a single-day surge of over 23% to an all-time high of $110.16. This move capped an already stellar year in which the stock has climbed over 100%.
The latest trading day saw Cameco (CCJ) settling at $104.72, representing a -1.83% change from its previous close.
Cameco is positioned as a central player in the global energy transition, benefiting from structural uranium demand and geopolitical shifts. Its integrated model, long-term contracts, and Westinghouse partnership provide stability, strong margins, and exposure to the full nuclear value chain. Despite premium valuation metrics, Cameco's robust growth, profitability, and defensive positioning justify a Strong Buy rating for long-term investors.
Cameco Inc. is positioned as the premier integrated uranium supplier, bridging AI-driven energy demand with secure, tier-one assets and downstream services. CCJ's market-linked contracts, stable Fuel Services, and 49% stake in Westinghouse ensure resilient cash flows and reduced earnings volatility. Despite 2025 production cuts at McArthur/Key Lake, CCJ maintains delivery reliability through inventories, spot purchases, and contract flexibility, supporting its premium valuation.
CCJ stock surges 115.9% in six months on strong H1 results and a Slovakia supply deal.
In the most recent trading session, Cameco (CCJ) closed at $85.31, indicating a +1.35% shift from the previous trading day.
Nuclear stocks reflect meaningful exposure to the AI trade thanks to the vast amount of power used in data centers.
Cameco's scale and fuel-cycle diversification outshine Ur-Energy's growth prospects, making it the stronger uranium play in a bullish market.
The latest trading day saw Cameco (CCJ) settling at $78.11, representing a -2.23% change from its previous close.
Cameco benefits from uranium's structural shortage, with disciplined output and price protection. The 49% stake in Westinghouse gives it a strategic edge across the full value chain. Short-term issues (McArthur River, Inkai) show risk management, not weakness.
Cameco trims 2025 output outlook as McArthur River delays hit production, but Cigar Lake strength offers partial relief.