Cameco Corp.

Cameco Corp.

CCJ

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Market Cap$45.05B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Cameco Corp.Cameco Corp.96.50.17%13%13.20.1

Earnings Call Q4 2025

February 13, 2026 - AI Summary

Strong Financial Performance: Cameco reported a 2025 annual revenue of approximately $3.5 billion, an 11% increase from 2024. Adjusted EBITDA rose 26% to about $1.9 billion, and net earnings increased by 115% to just under $630 million. This strong performance reflects the company's disciplined execution and long-term contracting strategy, which is positioning the company well for future market conditions.
Uranium Production Outlook: For 2026, Cameco expects uranium production to be between 19.5 million to 21.5 million pounds. While this is below the design capacity of 25 million pounds for McArthur River, the company emphasizes a disciplined approach to production, aligning it with market demand and not rushing into production ahead of contract commitments.
Westinghouse Investment & Market Opportunities: Cameco's investment in Westinghouse is viewed positively, with expectations of Westinghouse contributing adjusted EBITDA of $370 million to $430 million in 2026. The partnership with the U.S. government and other entities underlines the growing demand for nuclear technology, with opportunities to build more reactors in the U.S. and other regions, potentially exceeding initial expectations if projects advance beyond current assessments.

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$141.50

Target Price by Analysts

34.2% upsideCameco Target Price DetailsTarget Price
$39.82

Current Fair Value

62.2% downside

Overvalued by 62.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$45.05 Billion
Enterprise Value$45.00 Billion
Dividend Yield$0.17 (0.17%)
Earnings per Share$1.35
Beta0.98
Outstanding Shares435,529,000

Return

Return on Equity12.81%ROE
Return on Assets8.96%
Return on Invested Capital12.55%

Valuation & Multiples

P/E Ratio96.46P/E Ratio
PEG109.74PEG
Price to Sales13.18Price to Sales
Price to Book Ratio9.59Price to Book Ratio
Enterprise Value to Revenue12.72
Enterprise Value to EBIT53.18
Enterprise Value to Net Income69
Total Debt to Enterprise0.02
Debt to Equity0.14Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 7, 2026
EPS Estimate
$0.26
Average shareholder expectation
Revenue Estimate
$599.00 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 30, 2026
EPS Estimate
$0.28
Average shareholder expectation
Revenue Estimate
$611.27 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.8913 44.21%
Total Calls8,260,500 37.81%
Total Puts15,623,384 18.84%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %61.02% 1.62%
Total Invested$28.86B 15.27%
Investors Holding1,087 35.00%

ESG Score

No data

About Cameco Corp.

CEO: Timothy Gitzel

Relevant Senate Committees

Joint Committee on Taxation

This committee provides crucial analysis and scoring for all tax legislation. Its reports and expertise directly influence corporate tax structures, capital investment incentives, and overall fiscal policy, which are highly relevant to Cameco's financial health.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates, investment credits, or international trade tariffs can significantly impact Cameco's profitability, capital allocation, and global market access.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy, which are critical for uranium mining (a natural resource for energy) through leasing regulations and overall energy strategy.

Environment and Public Works

This committee directly regulates the EPA and Nuclear Regulatory Commission (NRC). Uranium mining and processing operations are heavily impacted by environmental regulations and the NRC's oversight of nuclear materials.