Cameco Corporation
Cameco Corporation (CCJ) is one of the world’s largest publicly traded uranium producers, supplying uranium and related fuel services to utilities that run nuclear reactors. Investors should know the business is driven by long-term supply contracts and spot-market prices for uranium; revenue and cash flow can therefore swing with commodity cycles. Cameco operates mines and has production partnerships, with operations and contracts across North America and Kazakhstan, exposing it to operational and geopolitical factors. The company’s fortunes are tied to demand for low-carbon electricity and the global outlook for nuclear power, but it also faces regulatory oversight, permitting risks and capital intensity typical of mining. For investors, Cameco may suit those seeking exposure to the nuclear fuel complex and long-term commodity value, but it carries volatility and sector-specific risks. This is general educational information, not personalised advice — consider your objectives and risk tolerance before acting.
Why It's Moving
Cameco Stays on Track for Strong 2025 Finish Despite McArthur River Production Trim
Cameco's Q3 results affirm financial performance aligned for a robust year-end, even as uranium output guidance was lowered due to delays at the high-grade McArthur River mine. Strong contracting backlog and Cigar Lake gains provide a buffer, reinforcing nuclear fuel demand amid global energy shifts.
- Q3 update trims 2025 McArthur River/Key Lake production to 14-15M lbs U3O8 (9.8-10.5M lbs Cameco share) from prior 18M lbs, hit by mining transition delays and Key Lake mill shutdown Sept 3-Oct 17, signaling short-term output pressure.
- Cigar Lake output up 16% YTD offsets declines, with steady 9.8M lbs share expected for 2025, bolstering overall uranium supply resilience.
- Locked in contracts for 28M+ lbs annual U3O8 deliveries over next five years—higher through 2027—plus narrowed sales guidance to 32-34M lbs, highlighting sustained utility demand.
Cameco Stays on Track for Strong 2025 Finish Despite McArthur River Production Trim
Cameco's Q3 results affirm financial performance aligned for a robust year-end, even as uranium output guidance was lowered due to delays at the high-grade McArthur River mine. Strong contracting backlog and Cigar Lake gains provide a buffer, reinforcing nuclear fuel demand amid global energy shifts.
- Q3 update trims 2025 McArthur River/Key Lake production to 14-15M lbs U3O8 (9.8-10.5M lbs Cameco share) from prior 18M lbs, hit by mining transition delays and Key Lake mill shutdown Sept 3-Oct 17, signaling short-term output pressure.
- Cigar Lake output up 16% YTD offsets declines, with steady 9.8M lbs share expected for 2025, bolstering overall uranium supply resilience.
- Locked in contracts for 28M+ lbs annual U3O8 deliveries over next five years—higher through 2027—plus narrowed sales guidance to 32-34M lbs, highlighting sustained utility demand.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Cameco's stock, believing it has good potential for future growth.
Financial Health
Cameco Corporation has strong revenues and cash flow, indicating good financial stability and growth potential.
Dividend
Cameco's low dividend yield of 0.11% means it may not be ideal for dividend-focused investors. If you invested $1000 you would be paid $1.10 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Nuclear fuel demand
Global interest in low-carbon electricity can support long-term uranium demand, though policy shifts and reactor lifecycles affect timing and scale.
Commodity cycle impact
Uranium prices and contract timing can cause significant revenue swings — investors should expect volatility and plan horizons accordingly.
Operational and ESG factors
Mining operations and environmental, social and regulatory standards influence costs and reputation; these factors can materially affect outcomes.
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Uranium Energy Corp.
Uranium Energy Corp is a supplier of uranium to produce nuclear energy. The Company is advancing the In-Situ Recovery (ISR) mining uranium projects in the United States and high-grade conventional projects in Canada. It has three ISR hub-and-spoke platforms in South Texas and Wyoming. These production platforms are anchored by licensed central processing plants that intend to be served by a pipeline of satellite ISR projects, including seven that already have their permits in place. Additionally, the Company has diversified uranium holdings, including uranium portfolios of U.S. warehoused U3O8; an equity stake in Uranium Royalty Corp., and a Western Hemisphere pipeline of resource stage uranium projects. Its uranium projects include Palangana Mine and Christensen Ranch Mine, and its Red Desert, Green Mountain, Roughrider and Christie Lake Projects. Palangana Mine is a 6,969-acre property located in Duval County, Texas, approximately 100 miles south of its Hobson Processing Facility.
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