Key Points Cameco mines uranium and sells it via long-term contracts. Demand for uranium is expected to double in 15 years. 10 stocks we like better than Cameco › If you're focused on rare earth metals like lithium or cobalt, it might be time to look at uranium. Cameco (NYSE: CCJ) is one of the world's premier uranium suppliers, and it just delivered a blowout earnings beat. And with uranium demand expected to surge in the coming decade, Cameco might have more upside ahead. Nov. 5 could be another ...

Group 1 - Cameco has experienced significant stock performance in 2025, with an 80% increase year to date, outperforming the S&P 500 index, which is up about 13% [1] - Cameco is primarily a uranium miner and processor, and it has recently acquired a 50% stake in Westinghouse, a service provider to the nuclear power industry [2][6] - Nuclear power is gaining popularity as a clean energy source that provides base-load power, making it a complementary option to renewable energy sources like solar and wind [3] Group 2 - Historical nuclear accidents have negatively impacted public perception of nuclear power, and there is a risk that future incidents could similarly affect Cameco's business [4] - The long-term outlook for Cameco is positive, with expectations that uranium demand will exceed supply starting around 2030, leading to potential price increases [5][7] - Higher uranium prices are anticipated if supply does not keep pace with demand, although new investments may emerge in response to high commodity prices [6][7]

Core Insights - Cameco is viewed as a crucial component of the new global energy architecture, particularly in the context of rising political significance of energy in 2025 [1] Company Analysis - The analysis emphasizes Cameco's role in the uranium sector, suggesting that it is not merely a mining company but a pivotal player in energy dynamics [1] Investment Perspective - The investment approach highlighted focuses on value companies with strong long-term potential, indicating a strategic interest in companies like Cameco that may benefit from geopolitical energy shifts [1]

Core Insights - Centrus Energy (LEU) and Cameco (CCJ) are positioned to benefit from the global shift towards nuclear energy, with Centrus focusing on High-Assay, Low-Enriched Uranium (HALEU) production and Cameco being a major uranium supplier with significant reserves [1][10]. Industry Trends - Global momentum for nuclear energy expansion is increasing, with India targeting 100 GW of nuclear capacity by 2047 and the US aiming for 400 GW by 2050. Recent agreements between the US and UK aim to expedite reactor approvals and reduce reliance on Russian nuclear fuel by 2028 [2]. Centrus Energy Overview - Centrus Energy supplies components for nuclear fuel, including Low-Enriched Uranium (LEU) and natural uranium hexafluoride. The company reported Q2 2025 revenues of $155 million, an 18% decline year-over-year, with LEU segment revenues down 26% to $125.7 million due to low uranium prices [4][6]. - The Technical Solutions segment saw a 48% revenue increase to $28.8 million, driven by HALEU contracts. Centrus has a $3.6 billion revenue backlog from long-term contracts with utilities through 2040 [5][7]. - The company plans to expand its uranium enrichment plant in Piketon, OH, contingent on securing funding from the U.S. Department of Energy. Centrus has raised over $1.2 billion in the past year and has commitments exceeding $2 billion from utility customers [8][9]. Cameco Overview - Cameco operates tier-one mining and milling operations with a capacity exceeding 30 million pounds of uranium concentrates annually. The company reported a 47% revenue increase to CAD 877 million ($634 million) in Q2 2025, with adjusted earnings per share surging 373% to CAD 0.71 ($0.51) [12][13]. - Uranium revenues rose 47% to CAD 705 million ($510 million), with sales volume increasing by 40% year-over-year. Despite a decline in uranium spot prices, the average realized price increased by 5% due to fixed-price contracts [14]. - Cameco has delivered 15.6 million pounds of uranium in 2025, with a full-year target of 31-34 million pounds. The company expects revenues of CAD 2.8-3.0 billion for uranium in 2025 [17][18]. Financial Estimates - The Zacks Consensus Estimate for Centrus Energy's 2025 revenues is $454.1 million, indicating a 2.7% growth, while earnings are projected to decline by 3.4% to $4.32 per share. For 2026, revenues are estimated at $505.2 million, reflecting an 11.2% growth [21][22]. - For Cameco, the 2025 revenue estimate is CAD 2.54 billion, implying an 11.3% improvement, with earnings projected to grow by 130.6% to $1.13 per share. The 2026 revenue estimate is $2.52 billion, indicating a slight decline [22][23]. Stock Performance and Valuation - Centrus Energy shares have increased by 523.7% year-to-date, while Cameco shares have risen by 77.4%. Centrus is trading at a forward price-to-sales multiple of 15.29X, while Cameco's multiple is 15.74X [25][26]. - Both companies are ranked 3 (Hold) by Zacks, but Centrus Energy appears more attractive based on valuation and price performance, while Cameco faces downward estimate revisions due to production guidance changes [28][29].

Nuclear stocks have been selling off on the news, probably driven by profit taking after a wild run. Oklo Inc. (NYSE:OKLO) was trading -6.2% lower at 12.50 pm ET on Thursday, but has tucked on 1,285% over the past 52 weeks; Centrus Energy (NYSE:LEU) shed -4.1% on the day but +530.8% YTD, Energy Fuels Inc. (NYSE:UUUU) -7.0% but +349.9% YTD , NuScale Power Corp. (NYSE:SMR) -6.5% on the day but +181.% YTD, Uranium Energy Corp. (NYSE:UEC) -1.6% but +148.7% YTD, BWX Technologies (NYSE:BWXT) +2.8% on the day and ...

Cameco Corporation (NYSE:CCJ) is included among the 12 Best Nuclear Power Dividend Stocks to Buy Now. Cameco Corporation (CCJ) Hits a Fresh High Amid Price Target Update Cameco Corporation (NYSE:CCJ) is one of the largest global providers of uranium fuel to power the ongoing nuclear energy renaissance. The company has a licensed capacity of more than 30 million pounds of uranium concentrates annually, backed by more than 457 million pounds of proven and probable mineral reserves. Cameco Corporation (NYS ...

Group 1 - Cameco (CCJ) is identified as a leading uranium stock that is currently breaking out past its latest buy point, making it a notable investment opportunity amidst recent market selling pressure [1] - The company is headquartered in Saskatoon, Saskatchewan, and operates uranium mines in Canada, the U.S., Australia, and Kazakhstan, indicating a diversified geographical presence in the uranium industry [1] Group 2 - The article mentions that several tech leaders have been added to the IBD stock lists, highlighting a broader trend in the growth stock market [2]

Cameco Inc. (NYSE: CCJ ) is the one "bridge" stock that connects the uranium cycle with AI energy demand, so by buying the stock, I'm buying the entire supply chain.Portfolio manager, fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro, bottom-up stock selection and real-time positioning (Bloomberg, models, data).I focus on earnings, tech disruption, policy ...

Cameco Inc. (NYSE: CCJ ) is the one "bridge" stock that connects the uranium cycle with AI energy demand, so by buying the stock, I'm buying the entire supply chain.Portfolio manager, fundamental equity research, macro and geopolitical strategy.Over 10 years across global markets, managing multi-asset strategies and equity portfolios at a European asset manager.I combine top-down macro, bottom-up stock selection and real-time positioning (Bloomberg, models, data).I focus on earnings, tech disruption, policy ...

Core Insights - Nuclear energy is gaining traction as a reliable power source, with stocks in the industry, particularly Cameco and Oklo, experiencing significant growth [1][2] - The demand for power from data centers, driven by AI, is projected to increase by 165% by 2030, highlighting the need for reliable energy sources like nuclear [1] Group 1: Industry Overview - Nuclear energy is experiencing a global revival, driven by the shift towards low-carbon baseload power and increasing interest in nuclear technology [4] - The nuclear sector requires substantial upfront capital, long lead times, and extensive regulatory oversight for projects such as mining, fuel cycling, and reactor development [4] Group 2: Company Comparisons Cameco - Cameco is one of the world's largest uranium providers, controlling significant high-grade mineral reserves and operating in two segments: uranium and fuel services [5] - The uranium segment includes exploration, mining, milling, and trading of uranium concentrate, with major stakes in the McArthur River and Key Lake mines, as well as Cigar Lake and a joint venture in Kazakhstan [6][7] - Cameco operates the largest commercial uranium refinery in Blind River, Ontario, and holds a 49% interest in Westinghouse, a nuclear reactor technology OEM [8] Oklo - Oklo, founded in 2013, is an early-stage company focused on developing advanced fission power plants with metal-fueled fast-reactor technology [9] - The Aurora powerhouse, Oklo's core product, is designed for compact, scalable electricity production, initially targeting outputs of 15 MWe and 75 MWe, with potential expansion [9][10] - As a pre-revenue company, Oklo reported an operating loss of $45.9 million in the first half of the year, with expected cash usage of $65 million to $80 million for the full year 2025 [11] Group 3: Investment Considerations - Cameco is positioned to benefit from rising uranium prices due to years of underinvestment and mine depletion, with a strong stake in Westinghouse enhancing its market position [13] - Oklo's potential lies in successfully deploying its Aurora reactors, which could serve areas where grid extension is uneconomical [14] - Both companies have seen significant stock price increases, with Cameco rising by 68% and Oklo by 1,119% over the past year, but Cameco is viewed as a better buy due to its established market presence and revenue generation timeline [16][17]