This move is archived. Current quotes and coverage live on the stock page.
Get CCO alerts:
Cameco Corp's stock increased by 2.04% in the last trading session, reflecting strong market sentiment.
Cameco Corp (CCO.TO), a key player in the uranium sector, saw its stock price rise to CA$154.83. This growth comes as global demand for nuclear energy increases, supported by a solid contract portfolio that positions the company well for future expansion.
Investor takeaway: Cameco's focus on securing long-term contracts and its strong revenue growth in the uranium sector make it an appealing choice for investors looking to benefit from the nuclear energy resurgence.
Advertisement
Cameco Corp
CCO.TO
CCO.TO
Cameco Corp
WealthAwesomeMarket cap
$60.39B
P/E
171.2x
Div. yield
0.18%
Div. / share
$0.24
52W high
$182.72
52W low
$103.47
1W change
-5.89%
Beta
0.99
Analyst Price Targets
Based on analyst covering CCO
Wall Street analysts forecast CCO stock price to rise 29.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$179.00
+29.1% Upside
Current Price
C$138.65
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CCO's historical volatility
30-Day Vol
47.6%
Annualized
90-Day Vol
51.2%
Annualized
Trend (90d)
-11.5%
Annualized drift
90d Mean
C$133.06
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$136.76 | C$116.06 โ C$161.15 |
| 60 trading days | C$134.89 | C$106.95 โ C$170.14 |
| 90 trading days | C$133.06 | C$100.13 โ C$176.80 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Advertisement
Cameco's stock rises 2.04% in one day.
The company's market cap is CA$65.8 billion, reflecting investor confidence amid rising demand for nuclear energy.
Bull case
The growing global focus on nuclear energy as a clean power source, along with Cameco's extensive contract portfolio, suggests a bright future for revenue growth and stock price increases.
Bear case
However, potential delays in nuclear project approvals and competition from other uranium suppliers could threaten Cameco's growth and profitability.
Cameco's Strong Market Position
Advertisement
Cameco is one of the largest uranium producers globally, with significant assets like the McArthur River and Cigar Lake mines. The company's ability to secure long-term contracts ensures a steady revenue stream, which is vital as global demand for nuclear energy rises.
Financial Performance Highlights
In its latest quarter, Cameco reported a 15% increase in uranium revenues, driven by higher volumes and prices. This growth reflects the company's strong operational performance and its strategic focus on capitalizing on the expanding nuclear market.
Future Growth Prospects
With ongoing investments in expanding production capacity and securing favorable contracts, Cameco is well-positioned to benefit from the increasing reliance on nuclear energy. The company's commitment to long-term supply agreements provides a solid foundation for sustained growth in the years to come.
Best next step
Keep exploring this topic
If you want to go deeper, these are the most useful follow-up pages and tools for this topic.
Broker comparison
Best trading platforms in Canada
Compare $0-commission brokers before you act on a ticker story.
Safe cash
Best GIC rates in Canada
If the story makes you want to de-risk, compare guaranteed rates next.
HISA roundup
Best high-interest savings accounts
Keep dry powder in a no-fee savings account instead of chequing.
TFSA room
Check TFSA contribution room
Shelter the next contribution before you buy.
Advertisement
Wealth Awesome
Timely coverage of Canadian stocks, earnings, dividends, and market movers for DIY investors. Stories are checked against exchange data and public filings.
View Full Profile โโ Reviewed by Certified Financial Professionals
This content has been reviewed by CFAยฎ charterholders and Certified Financial Planners (CFPยฎ) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.
Why these credentials matter: CFAยฎ charterholders complete 900+ hours of rigorous study in investment analysis and ethics. CFPยฎ professionals are held to the highest standards of financial planning competency and fiduciary duty in Canada.
โ ๏ธ Professional Disclaimer
This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.
