What Caused Cameco's Stock to Drop 5.3% Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Source: Fool
Cameco's Stock Performance: Shares of Cameco fell by 5.3% amid a broader market decline, with the S&P 500 and Nasdaq Composite also experiencing losses.
Partnership Announcement: Cameco and Brookfield Asset Management announced a partnership with the U.S. Commerce Department to build $80 billion worth of new nuclear reactors, which are being developed by Westinghouse Electric Company.
Clarification on Government Role: CEO Tim Gitzel clarified that the U.S. government's partnership does not extend to Cameco's core business, addressing misinformation regarding potential direct government support.
Future Prospects: Despite the lack of direct investment from the government, Cameco is well-positioned to benefit from the increasing demand for nuclear energy.
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Analyst Views on CCJ
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
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 134.090
Low
71.80
Averages
105.67
High
118.78
Current: 134.090
Low
71.80
Averages
105.67
High
118.78
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.
Uranium Market Enters Long-Term Bull Phase
- Structural Bull Market: Teniz Capital's new market analysis indicates that the uranium sector has entered a long-duration structural bull market, projecting a threefold to fourfold increase in uranium prices over the next few years, reflecting severe supply-demand imbalances.
- Kazatomprom's Critical Role: National Atomic Company Kazatomprom, controlling approximately 40% of global uranium production, has become a systemically critical asset with no comparable alternatives expected to emerge over the next two decades, solidifying its unique market position.
- Irreversible Supply Deficit: The report stresses that the supply deficit in the 2030s is already programmed and cannot be eliminated by political decisions or investments, indicating that the current shortage is a matter of time rather than capital constraints.
- Global Resource Advantage: Kazatomprom not only holds the largest resource base in the industry but also controls over 65% of global reserves suitable for In-Situ Recovery, ensuring its leading position in the lowest-cost extraction methods and further consolidating its market dominance.
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U.S. Pushes for Nuclear Fuel Supply Chain Development
- Nuclear Supply Chain Initiative: The U.S. Department of Energy is launching a new initiative to encourage states to express interest in hosting 'Nuclear Lifecycle Innovation Campuses' that will support activities across the nuclear fuel lifecycle, including recycling used fuel, potentially attracting $50 billion in private investment.
- Recycling Potential: Currently, U.S. reactors utilize only about 5% of the energy value of uranium, indicating significant potential for recycling used fuel, yet there are no commercial-scale uranium recycling facilities in the U.S., which this initiative aims to establish.
- Integrated Facility Development: Proposed campuses could integrate the entire fuel cycle from enrichment to recycling, potentially including advanced reactors and co-located data centers, thereby reducing transportation costs and enhancing operational efficiency in nuclear energy development.
- Policy Support and Investment: The Trump administration has positioned nuclear energy as a cornerstone of its national energy policy, previously announcing $2.7 billion in funding to enhance enrichment facilities, including $900 million for Centrus in Ohio, reflecting strong confidence in the future of nuclear energy.
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