What Caused Cameco's Stock to Drop 5.3% Today?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
0mins
Should l Buy CCJ?
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
12 Analyst Rating
11 Buy
1 Hold
0 Sell
Strong Buy
Current: 118.180
Low
71.80
Averages
105.67
High
118.78
Current: 118.180
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.
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