Cameco

CCJ

Market cap $39.9B

Energy Fuels' uranium growth, rare earth expansion and improving costs make it a stronger pick than Cameco, despite a higher valuation.

In the latest trading session, Cameco (CCJ) closed at $90.2, marking a -6.03% move from the previous day.

Cameco Corporation remains a top nuclear sector pick, with a Strong Buy rating and a raised price target of $160. CCJ's transformation extends beyond uranium mining, with Westinghouse and Fuel Services driving diversification and recurring revenue streams. Q1 results confirmed strong uranium production, minimal external purchases, and a 33% YoY EBITDA increase from Westinghouse.

It could be a buying opportunity for forgotten solar - especially the biggest stock in the space, according to Deutsche Bank. But it hinges on a key policy decision upcoming.

BofA is turning more cautious on commodities broadly, but uranium is bucking the trend as the firm's top conviction call for 2026. The bank's commodities team cut 32 price objectives across its coverage, including 21 in precious metals, five in base metals and four in steel, and lowered 2026 estimates for 31 of the 33 companies it tracks.

Nuclear power has shifted from a sleepy utility niche to the most strategically important corner of the energy market.

The latest trading day saw Cameco (CCJ) settling at $94.67, representing a -2.9% change from its previous close.

CCJ suspends Cigar Lake operations after McClean Lake mill issues. The company does not expect any impact on expected output for 2026.

Cameco's premium valuation, strong Q1 uranium results, Cigar Lake stake boost and DOE-backed nuclear upside shape its case for waiting.

SASKATOON, Saskatchewan--(BUSINESS WIRE)---- $CCJ #cameco--Cameco (TSX: CCO; NYSE: CCJ) today announced that the acquisition of TEPCO Resources Inc.'s 5% participating interest in the Cigar Lake Joint Venture by Cameco and Orano Canada Inc. (Orano) has closed. Cameco's ownership stake in the Cigar Lake uranium mine in northern Saskatchewan has now increased by 2.871 percentage points to 57.418%, while Orano's share has risen by 2.129 percentage points to 42.582%. For more information regarding the transaction,.