NYSE: CCJ

Cameco (CCJ) Stock Analysis & Forecast

Cameco Corporation. Non-energy minerals sector, other metals/minerals industry. Market cap $39.90B.

$91.62−1.18 (−1.3%)

Close on Sep 18, 2026. Page updated Sep 19, 9:17 pm ET.

Gekko Brief

AI summary

Cameco (CCJ) closes at $91.62, down 1.3% on the day and below both its 50-day average of $94.79 and 200-day average of $105.82, with the 50-day itself under the 200-day. Over the past month the stock is off 6.5%, and it has fallen 14% over three months and 14.1% over six, though it remains up 12% over the past year. The GekkoIndex reads 67.2, placing CCJ in the Accumulation zone, and the price sits 1.2% above Gekko Fair Value of $90.55.

Recent coverage centers on Cameco's Westinghouse stake, with one piece framing the planned Westinghouse IPO as a potential growth catalyst by establishing a public valuation for Cameco's 49% holding, tied to Westinghouse's projects across Europe and the United States. Other coverage highlights Cameco's position as a uranium miner and refiner supplying nuclear reactor fuel, and notes the company's profitability profile, including free cash flow near $775.3 million, in a comparison against another materials producer. A Bank of America filing disclosing a new 7.22 million share stake, valued near $735.5 million, is also noted alongside a mention that Cameco missed its Q2 earnings and revenue estimates.

Cameco's next earnings report is set for 30 October 2026, 40 days out and beyond a typical 20-trading-day holding window; its last report on 31 July 2026 showed EPS of $0.13 against a $0.26 estimate, with a 1.7% reaction, and the stock has beaten estimates in 5 of its last 8 quarters. Options activity shows 2 unusual signals over the past 30 days, with put premium of $5,611,810 exceeding call premium of $2,971,084. Seasonally, the next 20 trading days have averaged an 8% gain over 5 years, rising in 3 of them.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $91.62200-day averageGekko Fair Value $90.55

Key stats

Market cap
$39.90B
P/E ratio
157.3
Forward P/E
49.3
EPS, TTM
$0.59
Revenue, TTM
$3.47B
Profit margin
10.2%
Dividend yield
0.26%
Beta
1.01
Volume
8.08M avg 2.80M
1-year return
+12.0%
Typical daily move
±3.7%
Typical 20-day move
±9.3%
50-day average
$94.79
200-day average
$105.82
Next earnings
Oct 30 before open
Shares outstanding
435.5M
52-week range
$77.70$135.24

Cameco swing-trade checklist

Cameco scores 3 supportive, 1 mixed and 2 headwinds across the 6 checklist items with data.

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

3 supportive1 mixed2 headwinds

  • Trendheadwind

    Below 50 and 200-day

    Close $91.62 is below the 50-day ($94.79) and 200-day ($105.82) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    67.2, Accumulation

    Reading 67.2 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuemixed

    1.2% above

    Price is within 5% of Gekko Fair Value (1.2% above).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 2 unusual options signals.

    See smart money
  • Earnings risksupportive

    Reports in 40 days

    Next report Oct 30, 2026, 40 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +8.0% on average

    From this point in the calendar, the next 20 trading days averaged +8% over 5 years, rising in 3 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 $91.62 on Sep 18, 2026, +12.0% over the past year, inside a 52-week range of $77.70 to $135.24.

Close50-day average200-day averageVolume

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

Performance Breakdown

1 month
−6.5%
3 months
−14.0%
6 months
−14.1%
1 year
+12.0%
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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 67.2, in the Accumulation zone, up 7 points over five sessions.

010067.2Accumulation

Up 7 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying35+1.0%+1.8%+1.2%+24.1%
Accumulation (current zone)194+0.4%+0.4%+2.2%+12.4%
Neutral370+0.8%+1.5%+3.4%+5.6%
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, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. 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 1.2% above Gekko Fair Value of $90.55, so the shares are about fair value on Gekko’s estimate.

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

$90.55

Gekko Fair Value, Sep 19, 2026

1.2% above fair value · About fair value

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

2signals, 35% of the flagged premium in calls.

Latest: Bullish flow on Aug 29, $2.65M 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 Oct 30, 2026, before the open (40 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±4.5%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

+2.6%Nov ’24−6.6%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

Last earnings call, Jul 31, 2026 AI summary

What they said
Cameco's Q2 2026 call focused on two main themes: the strengthening uranium market and detailed disclosure on Westinghouse's AP1000 opportunity. Management reiterated that Cameco is on track with its expectations for the year and highlighted growing policy support for nuclear globally (Canada's nuclear strategy, U.S. DOE support). Dominic Kieran (Westinghouse Chair/MD) and other executives provided new detail on the AP1000 pipeline (91 AP1000 opportunities), economics for twin-pack builds (total spend ~USD 20–26B per twin-pack), Westinghouse's expected share of project value (circa 40–45%), and typical corporate EBITDA margins (~20%). They discussed the DOE USD 17.5B conditional commitment for long-lead items and the Department of Commerce $80B initiative as complementary but separate programs. On the uranium side, management discussed rising realized uranium prices per pound (driven by stronger market pricing, market-related contract components and FX) and a disciplined contracting strategy; they noted the market is not yet at replacement-rate contracting but long-term prices are increasing. CFO Heidi Shockey noted a modest upward revision to cost guidance driven mainly by FX on purchases. Management emphasized execution risk mitigation (design certainty of AP1000, leveraging a proven design, standardization, supply chain focus) and reiterated constraints around commenting on any potential Westinghouse IPO/SEC-related processes.
Guidance
Management stated they are 'on track with our expectations for the year' (no numeric full-year guidance given on the call). They noted a modest upward revision to cost guidance for the year driven primarily by foreign exchange effects on purchases. Westinghouse-related forward-looking constructs: AP1000 twin-pack total project spend per twin-pack of roughly USD 20–26B (end-of-kind economics previously stated), Westinghouse expected share of project value ~40%–45%, normalized corporate EBITDA margin for projects ~20%, first projects see ~50% of revenue in the initial 5 years, and recurring operating services opportunity of roughly USD 45M–60M per operating unit (annualized) for Westinghouse core business. DOE USD 17.5B conditional commitment moving to definitive agreements is an upcoming milestone, and the DOC $80B program remains a separate initiative with vesting conditions.
Risks flagged
Risks discussed include cost inflation and foreign exchange exposure (CFO noted FX increased cost guidance), potential construction or supply-chain bottlenecks (labor, sequencing, supplier capacity), project execution and cost-overrun concerns (though management emphasized AP1000 reduces FOAK risk), uncertainties around timing and outcomes of DOE/DOC programs and any Westinghouse offering/IPO (SEC disclosure constraints), uncertainty about utilities reaching replacement-rate contracting, and the risk that announced new entrants or supply promises (conversion/enrichment) may not materialize or be trusted by utilities.
ReportedEPSSurpriseRevenueSurpriseMove
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%
Nov 7, 2024−$0.01
est $0.14
−107.3%$531.0M
est $410.6M
+29.3%+2.6%

“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 $129.33, +41.2% from the last close.

$129.33consensus 12-month target, +41.2% from the last close
+2.2%average 20-day move after past Accumulation readings
+8.0%average move over the next 20 trading days in the last 5 years
±3.7%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 Sep 19, Cameco averaged +8.0% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+24.2%2021−20.0%2022−3.8%2023+38.0%2024+0.5%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.8%2 of 5
Next 10 trading days+3.1%2 of 5
Next 15 trading days+2.8%3 of 5
Next 20 trading days+8.0%3 of 5
Next 30 trading days+11.9%4 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 $39.90B, with a P/E ratio of 157.3 and revenue of $3.47B over the last twelve months.

Valuation

Market cap
$39.90B
P/E ratio
157.3
Forward P/E
49.3
EPS, TTM
$0.59
Gekko Fair Value
$90.55

Trading

Volume
8.08M
Avg volume, 20 days
2.80M
52-week high
$135.24
52-week low
$77.70
Shares outstanding
435.5M

Financials

Revenue, TTM
$3.47B
Profit margin
10.2%
Return on equity
5.1%
Quarterly earnings growth, YoY
−92.1%

Risk and income

Beta
1.01
Typical daily move
±3.7%
Typical 20-day move
±9.3%
Dividend yield
0.26%

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−0.6%Accumulation32.8% above
FCXFreeport-McMoRan+0.8%Accumulation12.2% above
TECKTeck Resources+0.4%Neutral9.4% above
ATIATI+3.8%Accumulation3.8% below
CRSCarpenter Technology−0.3%Buying12.9% below
HBMHudbay Minerals+0.9%Neutral5.0% above

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Cameco stock FAQ

What is Cameco’s market cap?

Cameco’s market cap is $39.90B at the Sep 18, 2026 close of $91.62, with 435.5M shares outstanding. The shares trade on a P/E ratio of 157.3.

What is the Cameco stock forecast?

The consensus analyst 12-month price target for Cameco is $129.33, +41.2% 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 about fair value: the Sep 18, 2026 close of $91.62 is 1.2% above Gekko Fair Value of $90.55. 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 Oct 30, 2026, before the market opens (40 days away). Analysts expect earnings of $0.26 per share on revenue of $535.9M. Cameco beat the earnings estimate in 5 of its last 8 reports, moving 4.5% 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 $77.70; it closed at $91.62 on Sep 18, 2026, +12.0% 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, earnings risk and seasonality), 1 as mixed (fair value) and 2 as headwinds (trend and smart money). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Cameco?

Gekko flagged 2 unusual options signals in Cameco over the last 30 days, with $2.97M of flagged premium in calls and $5.61M in puts. The latest, bullish flow, was on Aug 29, 2026 with $2.65M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

Prices and signals update after every 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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