Cameco

CCJ

Market cap $38.5B

Cameco has seen significant stock gains as interest in nuclear energy grows. Energy needs are growing, largely driven by the increasing number of data centers.

Cameco's stock has soared over the past four years. Higher uranium prices turned it into a strong growth stock again.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Solar is a proven moneymaker with real profits and fast-growing demand. Nuclear is just getting started.

Cameco is the largest uranium miner in North America and is well positioned to benefit from America's nuclear energy expansion. The company's stake in Westinghouse exposes it to the whole nuclear fuel cycle, from uranium mine to reactor core.

Cameco is one of the largest uranium producers in the world. Uranium supply is currently constrained, while demand is heating up.

With uranium prices easing, UUUU's rising output, strong liquidity and expanding REE projects sharpen its edge over Cameco.

CCJ targets up to CAD 3B in 2025 in uranium revenues as strong Cigar Lake output helps counter McArthur River delays.

Cameco produced 17% of the world's uranium in 2024, second only to Kazatomprom. Uranium demand is expected to surge over the next 25 years.

Cameco reinforced its leadership in the Western nuclear revival after securing a landmark $80B partnership with the U.S. government, expanding its footprint beyond mining into a fully integrated nuclear supply chain. Q3 results showed weaker revenue, down 15% YoY to CA$614M, but margins and free cash flow remained strong thanks to higher realized uranium prices and continued optimization across McArthur River,. The company's fundamentals stay robust, with 35% gross margin and 20% free cash flow margin, yet valuation multiples near 100× earnings and 31× EV/EBITDA already reflect much of the long-term.