Improved Uranium Pricing Supports Cameco Corporation (CCJ) Through Short-Term Production Headwinds; TD Securities Remains Bullish

Core Insights - Cameco Corporation (NYSE: CCJ) is highlighted as one of the top 12 commodity stocks to buy, driven by significant hedge fund interest [1] - TD Securities has raised its price target for Cameco from C$142 to C$150, maintaining a "Buy" rating, indicating bullish sentiment on the stock [2] Financial Performance - In Q3 2025, Cameco reported revenues of $615 million, exceeding forecasts by 8.3%, but reflecting a 15% decline year-over-year [3] - The company recorded adjusted earnings of $32 million, or $0.07 per share, which fell short of expectations due to reduced production at key sites [3] - Cash and liquidity stood at $779 million, supported by a $1 billion undrawn credit facility, and the company announced an increase in its dividend to $0.24 per common share [3] Production and Market Outlook - Despite reducing production guidance, management remains optimistic due to improved uranium pricing, a strong sales pipeline, and operational flexibility through standby loan facilities [4] - The company anticipates accelerating reactor deliveries through its partnership with Westinghouse, focusing on uranium production for electricity generation [4]