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Cameco Corporation

CCJ · NYSE

Market closed$85.62$-1.74 (-1.99%)After hours $86.80 · +1.38%

Key statistics

Previous close$87.36
Open$86.41
Day high$86.73
Day low$83.15
52-week high$135.24
52-week low$68.96
Market cap37.29B
Volume4.76M
Average volume3.33M
P/E ratio67.95
Forward P/E—
EPS1.26
Dividend yield+0.20%

Market context

Why it moved

Cameco shares declined as Barclays lowered its price target on the stock and broader sector pressure weighed on uranium equities, overshadowing an upcoming Q2 earnings release scheduled for July 31st and a recent analyst initiation with a Buy rating from Truist Financial.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Cameco shares declined nearly 2%, giving back recent gains as the broader uranium sector faced continued de-rating pressure — with pre-revenue peers like Oklo and NuScale down sharply over the past month and the VanEck Uranium & Nuclear ETF off 16%. Despite the pullback, the fundamental narrative remains constructive: Cigar Lake mine resumed production after a brief operational disruption at Orano's McClean Lake mill with 2026 output targets intact, Truist initiated coverage with a Buy and $129 target, and uranium term prices hit $91.50 signaling a supply deficit. After-hours, CCJ rebounded ~1.4%.

-1.9918

July 17, 2026Cameco shares fell nearly 4% on above-average volume as broader uranium sector weakness weighed on the stock, with peers like Oklo down sharply and nuclear sentiment cooling broadly. While Cigar Lake mine resumed production after a brief suspension tied to Orano's McClean Lake mill issues — and 2026 output guidance remains intact — investors appear to be rotating out of uranium names amid softer spot pricing and valuation concerns. Truist's fresh buy initiation at $129 and institutional buying from firms like Goehring & Rozencwajg offer some counterweight, but the stock sits well below its analyst consensus target of ~$146.

-3.9789

July 16, 2026Cameco closed modestly lower despite a key operational catalyst: the company announced its Cigar Lake mine has resumed production after a two-week suspension caused by sulfuric acid plant issues at Orano's McClean Lake mill. Full-year 2026 production guidance of 17.5–18.0 million pounds remains intact. The resumption failed to fully offset lingering sector caution, with Truist initiating coverage at Buy on the same day, calling Cameco a 'high-quality, vertically integrated uranium platform.' Wall Street's average price target of ~$146 suggests significant upside, though softer uranium sentiment and a recent bear thesis arguing the market is overpaying for the 'nuclear dream' kept pressure on shares.

-0.6443

July 15, 2026Cameco shares closed modestly higher, rebounding after a steep 4.6% selloff Monday tied to the Cigar Lake mine suspension — a temporary halt caused by sulfuric acid plant issues at Orano's McClean Lake mill. Investors are weighing whether production delays could extend beyond the initial two-week window and pressure 2026 guidance. Bullish catalysts are also in focus: New Jersey's newly signed Power New Jersey Act positions Westinghouse co-owner Cameco as a key beneficiary of a $24 billion nuclear buildout, Truist Securities initiated coverage with a Buy and $129 target, and an upcoming Q2 earnings report is seen as a potential catalyst to restart the nuclear rally. Analyst consensus remains Moderate Buy with an average target near $147.

1.5188

July 14, 2026Cameco shares tumbled roughly 6% on above-average volume as investors weighed the compounding impact of the Cigar Lake mining suspension — triggered by sulfuric acid plant problems at Orano's McClean Lake mill since July 1 — alongside a broad sector selloff in uranium equities. Peer Denison Mines also fell over 6%, reflecting cooled uranium-market sentiment and spot-price consolidation. Despite Q1 earnings beats and a consensus 'Moderate Buy' with a $148 analyst price target, near-term production uncertainty and a recent Bank of America target cut to $140 weighed on shares ahead of Q2 earnings, which some analysts see as a potential catalyst to restart the nuclear rally.

-6.0319

July 11, 2026Cameco closed modestly higher as investors weighed a fresh BofA price target cut to $140 (from $143) — still implying ~48% upside — alongside a temporary Cigar Lake mine suspension tied to mill issues at Orano's McClean Lake facility, which the company says won't impact 2026 output guidance. Sentiment remained broadly supportive given Cameco's strong Q1 beat (38% above estimates), a $17.5B DOE loan commitment backing Westinghouse AP1000 reactor deployments, and newly disclosed $100K in Q2 lobbying tied to the Prohibiting Russian Uranium Imports Act and Nuclear Fuel Security Act.

0.2611

July 10, 2026Cameco edged higher as BofA Securities maintained its Buy rating on the stock while trimming its price target modestly to $140 from $143, citing its uranium market outlook — even as the firm called uranium its top conviction commodity call for 2026. The modest gain came alongside fresh lobbying disclosures revealing Cameco's active push on the Russian Uranium Import ban and Nuclear Fuel Security Act, while the recently closed acquisition of an additional 2.87% stake in the Cigar Lake mine reinforced the company's grip on one of the world's highest-grade uranium assets.

1.0662

July 9, 2026Cameco shares closed essentially flat, holding near $94.67 despite a broader risk-off market selloff triggered by President Trump declaring the Iran ceasefire deal 'over,' sending oil prices surging 5%+ and dragging major indexes lower. Investor focus remains on Cameco's strong fundamentals: the company beat Q1 2026 EPS estimates by 38%, recently increased its Cigar Lake uranium mine stake to 57.418%, and BofA Securities maintained a Buy rating while adjusting its price target to $140. Bank of America named uranium its top conviction commodity call for 2026, while RBC Capital raised its Cameco target to C$175 citing strengthening uranium market fundamentals and robust utility purchasing activity.

0.0634

Moomoo · July 14, 2026Truist Financial Maintains Cameco(CCJ.US) With Buy Rating, Maintains Target Price $129Investing News Network · July 2, 2026Cameco Closes Deal to Increase Ownership in Cigar Lake MineInvesting.com · May 12, 2026Earnings call transcript: Cameco Q1 2026 results beat EPS expectationsBusiness Wire · May 5, 2026Cameco Reports First Quarter 2026 Results: Financial Results and Operational Execution Reflect Disciplined Strategy; Annual Guidance Unchanged; Nuclear Energy on Track for Long‑Term Growth in Support of Global Demand
Benzinga · July 16, 2026Here’s How Much You Would Have Made Owning Cameco Stock In The Last 5 Years
Benzinga · July 16, 2026Barclays Maintains Equal-Weight on Cameco, Lowers Price Target to C$147
Mt Newswire · July 15, 2026Cameco's Cigar Lake Mine Resumes Production
Mt Newswire · July 15, 2026Cameco's Cigar Lake Mine Resumes Production
Benzinga · July 14, 2026New Jersey Just Unveiled a $24 Billion Nuclear Opportunity — and Cameco, Brookfield Could Be Best Positioned to Win
Benzinga · July 14, 2026Truist Securities Initiates Coverage On Cameco with Buy Rating, Announces Price Target of $129
Benzinga · July 9, 2026B of A Securities Maintains Buy on Cameco, Lowers Price Target to $140
Mt Newswire · July 8, 2026BofA Securities Adjusts Cameco Price Target to $140 From $143, Maintains Buy Rating

Peers

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