Cameco vs Imperial Oil

This page compares Cameco and Imperial Oil, examining their business models, financial performance, and market context to help readers understand how the two energy companies operate within the industry. The comparison uses neutral language and accessible explanations for a general audience. Educational content, not financial advice.

This page compares Cameco and Imperial Oil, examining their business models, financial performance, and market context to help readers understand how the two energy companies operate within the indust...

Comparison Snapshot

Key Financial Metrics

CCJ

Metric

IMO

$38.71B

Market Cap

$49.12B

3.61%

Potential Profit

-49.64%

Buy

Analyst Rating

Hold

Why It's Moving

Cameco surges as uranium powerhouse rides nuclear revival wave with blockbuster earnings growth ahead.

Analysts project adjusted earnings to double in FY25 and grow 55% in 2026, driven by high-grade mines like Cigar Lake and McArthur River that outpace global competitors.
Zacks awards CCJ a #1 Strong Buy rank after recent upward revisions, with 2026 estimates 13% above consensus, underscoring its role in the nuclear-AI nexus.
49% stake in Westinghouse bolsters long-term upside, as U.S. ramps up AP1000 reactors with government backing, shielding Cameco from tariff risks via Canadian imports.

Sentiment:

🐃Bullish

Imperial Oil Charts Ambitious 2026 Roadmap with Production Surge and Cash Flow Boost

Forecasts total production of 441,000-460,000 boe/d, fueled by Kearl ramping to 285,000-295,000 bbl/d and Cold Lake to 152,000-160,000 bbl/d, signaling robust operational momentum.
Capital expenditures set at C$2-2.2 billion, balancing growth investments with cost efficiencies to structurally lift cash flows and shareholder returns.
Advances sustainability via renewable diesel production and emissions projects, strengthening resilience against tightening regulations.

Sentiment:

🐃Bullish

Cameco surges as uranium powerhouse rides nuclear revival wave with blockbuster earnings growth ahead.

Analysts project adjusted earnings to double in FY25 and grow 55% in 2026, driven by high-grade mines like Cigar Lake and McArthur River that outpace global competitors.
Zacks awards CCJ a #1 Strong Buy rank after recent upward revisions, with 2026 estimates 13% above consensus, underscoring its role in the nuclear-AI nexus.
49% stake in Westinghouse bolsters long-term upside, as U.S. ramps up AP1000 reactors with government backing, shielding Cameco from tariff risks via Canadian imports.

Sentiment:

🐃Bullish

Imperial Oil Charts Ambitious 2026 Roadmap with Production Surge and Cash Flow Boost

Forecasts total production of 441,000-460,000 boe/d, fueled by Kearl ramping to 285,000-295,000 bbl/d and Cold Lake to 152,000-160,000 bbl/d, signaling robust operational momentum.
Capital expenditures set at C$2-2.2 billion, balancing growth investments with cost efficiencies to structurally lift cash flows and shareholder returns.
Advances sustainability via renewable diesel production and emissions projects, strengthening resilience against tightening regulations.

Sentiment:

🐃Bullish

Investment Analysis

Cameco

CCJ

Pros

Cameco has strong financial performance in 2025 with resilience driven by uranium mining, fuel services, and Westinghouse nuclear segments.
The company benefits from disciplined long-term contracting and strategic partnerships that add future value in the expanding nuclear sector.
Analysts have a strong buy consensus with an average price target suggesting over 20% stock price appreciation within the next year.

Considerations

Current price forecasts indicate potential near-term price declines around 13-17% before any upside, showing notable volatility.
Cameco's high price-to-earnings ratio suggests the stock is valued richly compared to energy peers, potentially limiting further upside.
The stock exhibits relatively high volatility and a neutral market sentiment amid prevailing sector uncertainties.

Imperial Oil

IMO

Pros

Imperial Oil is part of the stable Canadian energy sector and has helped limit broader market declines recently.
The company has a substantial market capitalization providing financial strength and operational scale in oil and gas.
Imperial Oil's business benefits from ongoing demand for hydrocarbons and efforts to improve operational efficiency.

Considerations

Imperial Oil’s valuation, with a below-14 PE ratio, reflects limited growth expectations relative to nuclear and other energy firms.
Its performance is sensitive to oil price fluctuations and regulatory risks related to environmental policies.
As a traditional oil and gas company, Imperial Oil faces headwinds from the global energy transition and evolving market dynamics.

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