Cameco Corp (CCJ) has seen its stock price rise by 3.02% as it reaches a 52-week high, reflecting strong investor interest in the nuclear sector.
The company's optimistic outlook is driven by a projected 75% annual growth rate over the next five years, supported by Constellation Energy's plan to reopen the Three Mile Island plant in 2024, which is expected to enhance nuclear energy's role in powering data centers. Additionally, Cameco's production costs are anticipated to remain competitive, with a projected cost of under $46 per pound of uranium, while current spot prices exceed $85. This cost advantage, combined with a significant contribution from its Westinghouse Electric division, which generated $1.8 billion in revenue, positions Cameco favorably in the expanding nuclear market.
As the nuclear sector continues to recover and grow, Cameco's strategic investments and strong financial performance suggest that the company is well-positioned to capitalize on the increasing demand for nuclear energy, making it an attractive option for investors.
Wall Street analysts forecast CCJ stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCJ is 105.67 USD with a low forecast of 71.80 USD and a high forecast of 118.78 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
Wall Street analysts forecast CCJ stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CCJ is 105.67 USD with a low forecast of 71.80 USD and a high forecast of 118.78 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 125.970
Low
71.80
Averages
105.67
High
118.78
Current: 125.970
Low
71.80
Averages
105.67
High
118.78
Bernstein
Outperform
maintain
$100 -> $101
2026-01-07
Reason
Bernstein
Price Target
$100 -> $101
AI Analysis
2026-01-07
maintain
Outperform
Reason
Bernstein raised the firm's price target on Cameco to $101 from $100 and keeps an Outperform rating on the shares. The firm cites higher uranium price deck for the price target change.
GLJ Research
Buy
maintain
2025-12-03
Reason
GLJ Research
Price Target
2025-12-03
maintain
Buy
Reason
GLJ Research raised the firm's price target on Cameco to $99.74 from $80.70 and keeps a Buy rating on the shares. The company's Q3 report "disappointed" due to the timing of sales but the Q4 outlook is "strong," the analyst tells investors in a research note. The firm believes the weakness is more of a timing issue than a trend.
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BofA
Lawson Winder
Buy
maintain
$115 -> $130
2025-11-24
Reason
BofA
Lawson Winder
Price Target
$115 -> $130
2025-11-24
maintain
Buy
Reason
BofA analyst Lawson Winder raised the firm's price target on Cameco to $130 from $115 and keeps a Buy rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
BofA
Buy
downgrade
$130 -> $115
2025-11-24
Reason
BofA
Price Target
$130 -> $115
2025-11-24
downgrade
Buy
Reason
BofA lowered the firm's price target on Cameco to $115 from $130 and keeps a Buy rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
About CCJ
Cameco Corporation is a provider of uranium fuel to generate baseload electricity around the globe. Its segments include uranium, fuel services and Westinghouse. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment reflects its earnings from this equity-accounted investment. Westinghouse is a nuclear reactor technology original equipment manufacturer and a global provider of products and services to commercial utilities and government agencies. It provides outage and maintenance services, engineering support, instrumentation and controls equipment, plant modification, and components and parts to nuclear reactors. It has two operating mines, Cigar Lake and McArthur River as well as a mill at Key Lake. It also has ownership interests in Global Laser Enrichment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
