NYSE: CCJ

Cameco (CCJ) Stock Analysis & Forecast

Nov 4 close

$71.68−0.88 (−1.2%)

Gekko Brief

AI summaryNov 4 close

Cameco's week centered on Q3 2026 results, which came in weaker than expected amid planned extended maintenance at Key Lake that curtailed production and raised costs. Reported adjusted earnings of $0.0703 per share on revenue of $434.97 million missed Wall Street estimates, though separate reporting noted a quarterly profit of $43 million, or 10 cents per diluted share, with revenue slightly up at $619 million year over year. Uranium production guidance was narrowed to 19.5-20.5 million pounds, with delivery guidance tightened to 29.5-30.5 million pounds, while management reiterated pricing discipline and pointed to Westinghouse growth opportunities despite tougher comparisons following a large Czech Republic project payment in 2025. Shares fell sharply around the report, including a 7.74% drop to C$107.60 and a further 4.74% decline to C$102.50 on subsequent sessions.

CCJ closed at $71.68, down 1.2%, sitting below both its 50-day average of $88.73 and 200-day average of $103.65, with the stock down 22.9% over one month and 28.9% over the past year. The GekkoIndex reads 73.5, placing it in the Buying zone. Price sits 11.9% below Gekko Fair Value of $81.32.

Over the next 20 trading days, the next earnings date falls on 12 February 2027, 99 days out, outside this window. One unusual options signal appeared in the last 30 days, with put premium of $870,032 against call premium of $107,095. Historical seasonality from this calendar point has averaged a 20-day return of -0.4% across 5 years, with gains in 2 of those periods, worth noting alongside the current gap to fair value.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Cameco price vs fair value

$81.32$71.68Nov ’25May ’26Nov ’26
Close $71.68200-day averageGekko Fair Value $81.32

Cameco quick facts

Market cap
$31.22B
P/E ratio
111.2
Forward P/E
44.8
EPS, TTM
$0.66
Revenue, TTM
$3.48B
Profit margin
11.4%
Dividend yield
0.31%
Beta
1.13
Volume
5.13M avg 3.62M
1-year return
−28.9%
Typical daily move
±4.8%
Typical 20-day move
±9.3%
50-day average
$88.73
200-day average
$103.65
Next earnings
Feb 12 before open
Shares outstanding
435.5M
52-week range
$69.55$135.24

Cameco swing-trade checklist

Cameco scores 3 supportive, 0 mixed and 3 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive0 mixed3 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $71.68 is below the 50-day ($88.73) and 200-day ($103.65) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    73.5, Buying

    Reading 73.5 is in the Buying zone.

    See the GekkoIndex
  • Fair valuesupportive

    11.9% below

    Price is 11.9% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 1 unusual options signal.

    See smart money
  • Earnings risksupportive

    Reports in 99 days

    Next report Feb 12, 2027, 99 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −0.4% on average

    From this point in the calendar, the next 20 trading days averaged −0.4% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Cameco stock chart and price history

Cameco closed at $71.68 on Nov 4, 2026, −28.9% over the past year, inside a 52-week range of $69.55 to $135.24.

Close50-day average200-day averageVolume
Cameco share price, past year, with 50-day and 200-day moving averages and volume$60$80$100$120DecJan 2026FebMarAprMayJunJulAugSepOct71.68

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−22.9%
3 months
−23.4%
6 months
−42.1%
1 year
−28.9%
The full CCJ chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open CCJ in Gekko

Follow Cameco through every session

Put CCJ on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Cameco

Cameco produces and supplies uranium, serving as a source of nuclear fuel materials on a global scale. The company is best known for handling the full path of uranium from the ground to reactor-ready form, making it a recognizable name in the nuclear fuel supply chain.

The business runs through two divisions. The Uranium division covers exploration, mining, and milling of uranium ore, along with the buying and selling of uranium concentrate. The Fuel Services division takes that concentrate further, handling refining, conversion, and fabrication into usable fuel forms, and also produces fuel bundles and reactor components built specifically for CANDU reactors. Its customers are nuclear utility companies, and it sells into markets across the Americas, Europe, and Asia.

Cameco was founded in 1987 and is headquartered in Saskatoon, Canada. Its shares are listed on the NYSE under the ticker CCJ.

Listed
NYSE
Sector
Non-energy minerals
Industry
Other metals/Minerals
Website
cameco.com

Cameco GekkoIndex: the smart money zone

Cameco’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 73.5, in the Buying zone, up 13 points over five sessions.

010073.5Buying

Up 13 points over five sessions, from the Accumulation zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying (current zone)36+1.1%+1.7%+0.9%+21.7%
Accumulation223+0.1%−0.2%+1.4%+11.0%
Neutral375+0.7%+1.2%+2.7%+4.8%
Distribution62+1.6%+5.6%+7.1%+12.0%
Selling1Too few readings yet

Average CCJ share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Buying readings averaged +3.0% over 20 days. Past behaviour doesn’t guarantee future results.

Buying zone: Smart money likely accumulating heavily. About the five zones →

See every daily GekkoIndex reading plotted over the CCJ price, zone by zone.Track CCJ in Gekko

Is Cameco stock overvalued? Gekko Fair Value

Cameco trades 11.9% below Gekko Fair Value of $81.32, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Cameco shares are worth, recalculated every trading day.

$81.32

Gekko Fair Value, Nov 4, 2026

11.9% Undervalued

At the end of Aug 2026 the price was 16.7% above the estimate.

Gekko Fair ValueShare price, month end
$81$73Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open CCJ in Gekko

Cameco insider and Congress trading

No open-market insider purchases were filed for Cameco, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for CCJ in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every CCJ insider filing, plotted on the chart in Gekko.Open CCJ in Gekko

Congress trades last 90 days

No trades in CCJ were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for CCJ, plotted on the chart in Gekko.Open CCJ in Gekko

Unusual options activity last 30 days

1signal, 11% of the flagged premium in calls.

Latest: Bullish flow on Oct 31, $977K in unusual premium.

Hedge funds and billionaires quarter ended Mar 31

1of the funds Gekko tracks holds CCJ.

0added0opened1trimmed0sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Cameco earnings: next date and track record

Cameco reports on Feb 12, 2027, before the open (99 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±5.7%average move across the report
3 of 8reports followed by a gain

Share-price move across each report

−6.6%Feb ’25+4.1%May ’25−6.2%Jul ’25−6.9%Nov ’25−3.0%Feb ’26+4.7%May ’26+1.7%Jul ’26−12.1%Oct ’26

Last earnings call, Oct 30, 2026 AI summary

What they said
Cameco's Q3 2026 results were lower year-over-year as expected, primarily due to a planned extended maintenance outage at Key Lake mill reducing production volumes and increasing costs. Westinghouse results also faced tough comparisons following a large Czech Republic project payment in 2025. Uranium production guidance narrowed to 19.5-20.5 million pounds, with deliveries tightened to 29.5-30.5 million pounds annually.
Guidance
Management raised direct admin costs and unit cost of sales expectations while lowering 2026 CapEx due to project delays pushed beyond year-end. Uranium delivery guidance tightened to 29.5-30.5 million pounds. Financial guidance refinements reflect operational adjustments, not fundamental business deterioration.
ReportedEPSSurpriseRevenueSurpriseMove
Oct 30, 2026$0.00
est $0.23
−101.4%$434.7M
est $531.7M
−18.2%−12.1%
Jul 31, 2026$0.13
est $0.26
−50.0%$573.1M
est $579.6M
−1.1%+1.7%
May 5, 2026$0.47
est $0.34
+38.2%$607.5M
est $598.6M
+1.5%+4.7%
Feb 13, 2026$0.50
est $0.32
+56.3%$874.6M
est $806.3M
+8.5%−3.0%
Nov 5, 2025$0.05
est $0.14
−64.6%$440.6M
est $389.4M
+13.2%−6.9%
Jul 31, 2025$0.51
est $0.27
+87.6%$643.7M
est $427.8M
+50.5%−6.2%
May 1, 2025$0.11
est $0.09
+18.0%$554.3M
est $396.3M
+39.9%+4.1%
Feb 20, 2025$0.26
est $0.16
+59.7%$822.2M
est $533.1M
+54.2%−6.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Cameco stock forecast and analyst price targets

Analysts’ average 12-month price target for Cameco is $121.39, +69.3% from the last close.

$121.39consensus 12-month target, +69.3% from the last close
+0.9%average 20-day move after past Buying readings
−0.4%average move over the next 20 trading days in the last 5 years
±4.8%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Cameco seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Cameco averaged −0.4% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

−19.2%2021−0.7%2022+12.0%2023+16.1%2024−7.7%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.5%4 of 5
Next 10 trading days+0.8%3 of 5
Next 15 trading days+0.4%3 of 5
Next 20 trading days−0.4%2 of 5
Next 30 trading days−5.1%2 of 5

For scale, CCJ’s typical 20-trading-day move in either direction is about 9.3%.

Cameco market cap and key statistics

Cameco’s market cap is $31.22B, with a P/E ratio of 111.2 and revenue of $3.48B over the last twelve months.

Valuation

Market cap
$31.22B
P/E ratio
111.2
Forward P/E
44.8
EPS, TTM
$0.66
Gekko Fair Value
$81.32

Trading

Volume
5.13M
Avg volume, 20 days
3.62M
52-week high
$135.24
52-week low
$69.55
Shares outstanding
435.5M

Financials

Revenue, TTM
$3.48B
Profit margin
11.4%
Return on equity
5.7%
Quarterly earnings growth, YoY
−92.1%

Risk and income

Beta
1.13
Typical daily move
±4.8%
Typical 20-day move
±9.3%
Dividend yield
0.31%

Cameco stock news this week

Coverage of Cameco this week reads negative: 2 positive, 7 neutral and 7 negative headlines.

News sentiment negative

Cameco peers

Cameco’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
SCCOSouthern Copper−1.3%Accumulation21.1% above
FCXFreeport-McMoRan−1.4%Accumulation7.4% below
TECKTeck Resources+2.1%Neutral0.1% above
ATIATI−2.2%Neutral3.4% below
CRSCarpenter Technology−1.6%Accumulation18.8% below
HBMHudbay Minerals−0.2%Accumulation10.1% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

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Cameco stock FAQ

What is Cameco’s market cap?

Cameco’s market cap is $31.22B at the Nov 4, 2026 close of $71.68, with 435.5M shares outstanding. The shares trade on a P/E ratio of 111.2.

What is the Cameco stock forecast?

The consensus analyst 12-month price target for Cameco is $121.39, +69.3% from the last close. Gekko doesn’t publish price predictions of its own.

Is Cameco stock overvalued or undervalued?

On Gekko’s estimate Cameco is undervalued: the Nov 4, 2026 close of $71.68 is 11.9% below Gekko Fair Value of $81.32. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Cameco report earnings next?

Cameco is expected to report on Feb 12, 2027, before the market opens (99 days away). Analysts expect earnings of $0.31 per share on revenue of $795.4M. Cameco beat the earnings estimate in 5 of its last 8 reports, moving 5.7% on average across the report.

What is Cameco’s 52-week high and low?

Cameco’s 52-week high is $135.24 and its 52-week low is $69.55; it closed at $71.68 on Nov 4, 2026, −28.9% over the past year.

Is Cameco stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 6 items with data read as supportive (gekkoindex, fair value and earnings risk) and 3 as headwinds (trend, smart money and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Cameco?

Gekko flagged 1 unusual options signal in Cameco over the last 30 days, with $107K of flagged premium in calls and $870K in puts. The latest, bullish flow, was on Oct 31, 2026 with $977K in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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