CCJ Should I Buy
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Cameco Corp (CCJ) is not a strong buy at this moment for a beginner investor with a long-term horizon. While the company has strong long-term growth potential due to its position in the uranium market and favorable nuclear energy policies, the current technical indicators, options sentiment, and recent financial performance suggest caution. Waiting for the Q4 earnings report and further clarity on financial trends would be prudent before making a significant investment.
The MACD is negatively expanding, indicating bearish momentum. The RSI is neutral at 45.159, and moving averages are converging, showing no clear trend. The stock is trading below its pivot level of 119.137, with support at 111.027 and resistance at 127.247. Overall, the technical indicators suggest a lack of strong upward momentum.
President Trump's plan to quadruple US nuclear energy capacity by 2050 could boost demand for uranium and benefit Cameco.
Cameco's stock has surged 395% since early 2023, reflecting strong investor confidence.
The US government's $80 billion commitment to nuclear reactors supports long-term growth in the uranium sector.
The company's Q3 financial performance showed significant declines in revenue (-14.72% YoY), net income (-101.90% YoY), and EPS (-100.00% YoY).
Analysts expect Q4 earnings to reflect year-over-year declines in both EPS and revenue.
The stock has recently declined by 2.34% in regular trading, and technical indicators suggest bearish momentum.
In Q3 2025, Cameco's revenue dropped by 14.72% YoY to $614.6 million. Net income turned negative at -$141,000, representing a 101.90% YoY decline. EPS fell to 0, down 100% YoY. However, gross margin improved to 27.7%, up 16.83% YoY, indicating some operational efficiency gains.
Analysts remain bullish on Cameco, with multiple firms raising their price targets recently. Stifel increased its target to C$180, Goldman Sachs to $131, and Bernstein to $101. The consensus is a Buy rating, supported by expectations of higher uranium prices and favorable industry trends.
