CCJ — Cameco Corporation
Energy · Uranium
About Cameco Corporation
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
The nuclear & uranium complex
This bucket is really two trades sharing one story. The first is fuel: uranium miners (Cameco, NexGen, UEC, Energy Fuels) and the West's only listed enricher (Centrus), levered to a uranium price that recovered after a decade of oversupply. The second is reactors: Constellation runs America's largest nuclear fleet, BWX Technologies builds naval and government reactors, and Oklo and NuScale are pre-revenue startups designing small modular reactors. What revived the whole complex is electricity demand — above all from AI data centers, whose owners have signed long-term deals for nuclear power at premium prices. Be precise about what you own here: producing businesses with contracts and cash flow, or story stocks priced for a buildout that is still years away. Cameco is the Western world's largest uranium miner and owns half of reactor-builder Westinghouse.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | CCJ |
| Company | Cameco Corporation |
| Price | $86.38 |
| Market cap | $37.6B |
| Sector / industry | Energy / Uranium |
| Analyst mean target | $132 (12 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~16%/yr earnings growth (moderate), on a reverse-DCF of forward earnings ($1.92). Run your own assumptions in the fair-value calculator.
Chart
Related energy names
See the full picture on the energy stocks bubble map, or watch the whole sector live on the terminal.
Test what today's price assumes with your own growth and discount inputs — no signup needed.
Open the fair-value calculator →Market data is delayed ~15 minutes and provided for education, not as financial advice. "Hot" means attention, not direction.