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Cameco Corp (CCJ) stock

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NYSE: CCJ NYSE Coal & Consumable Fuels

B+ Fundamentals grade

Cameco Corp is a US-listed company in the coal & consumable fuels industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$47

Cash-flow model

Base case. Range ~$36–$62 across our lower- and higher-growth cases (9.5%–19.5% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 36% below it.

Price used: $73.38, November 2, 2026

Cameco Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Cameco files

Where Cameco stands after its latest Filing

Revenue for the twelve months was $2.49bn, up 8.9% on a year earlier, slower than the 19.4% growth a quarter earlier. Free-cash-flow margin rose to 30.9% from 24.4% a year earlier. Operating margin widened to 17.8% from -9.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $47.13 a share, against a share price of $76.91. At that price, our model says the market is pricing in about 23.6% a year of cash-flow growth for five years, faster than the 13.2% a year revenue growth it has delivered.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Cameco Corp's trailing-twelve-month revenue grew 8.9% year on year, with a free-cash-flow margin of 30.9%. Where it stands out: operating margin of 17.8% ranks 1 of 8 coal & consumable fuels companies we cover. Where it lags: change in growth rate of -10.5pp ranks 7 of 8 coal & consumable fuels companies we cover.

Our discounted-cash-flow model values the business at ~$47 per share in the base case (~$36–$62 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 52.0% while net income grew 236.4%: a 184pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 30.9% of revenue turned into free cash flow, against a median of 6.1% for coal & consumable fuels companies we cover.

Things to watch

  • Priced above our value. The share price of $73.38 is 36% above our value per share of $47.
  • Growth slowing. The growth rate is 10.5 points lower than a quarter earlier.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results

Earnings per share
$0.00 against an average estimate of $0.27: missed by 100.0%
Next report
October 30, 2026

Cameco's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.6%
  • 1 week-7.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.5B
Operating margin
17.8%
Net margin
16.9%
EPS (TTM, diluted)
$0.97

Growth

Revenue growth
+8.9%
Change in growth rate
−10.5 pts
Share count change
−0.1%

Cash

Free cash flow (TTM)
$770M
FCF margin
30.9%
Stock pay % of revenue
0.3%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for CCJ from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Cameco Corp valuation models and calculator

What the price is pricing in

The share price implies about 23.1% a year of cash-flow growth for five years.That is faster than the 13.2% a year revenue growth Cameco has delivered.

  • Priced in23.1%
  • Last 12 months8.9%
  • 3 years a year20.2%
  • 5 years a year13.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($74.88, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$47
Price used
$74.88close November 3, 2026
Implied change
▼ 37%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Cameco Corp's free cash flow after stock-based pay with after-tax interest added back ($608M, FY2025 Q4 TTM), growing 14.5% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$36–~$62 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Cameco Corp's free cash flow after stock-based pay ( $608M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Cameco Corp as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$47 ~$36–$62 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: fewer than 5 peers with a usable multiple
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$5.0 ~$3.2–$7.6 Left out: out of range vs price (0.07x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$1.6 ~$1.4–$1.9 Left out: out of range vs price (0.02x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$47 ~$36–$62 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Cameco Corp with Coal & Consumable Fuels in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▲ +37%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $20$28$37$50$66$87
8.5% $16$21$28$37$48$63
10% $13$17$22$29$38$49

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Cameco Corp: too few analysts cover it.

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.27 $0.00 −100.0%
Jun 2026 $0.38 $0.18 −52.1%
Mar 2026 $0.34 $0.47 +38.1%
Dec 2025 $0.44 $0.50 +12.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

21 analysts, Nov 2026
Buy1990%
Hold210%
Sell00%

Monthly trend

  1. Nov 2026811221
  2. Oct 2026811221
  3. Sep 2026911222

Counts of recommendations published by analysts covering Cameco Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
—
of tradable shares
Days to cover
2.67
at average volume
Short interest, 1 month
+5%
to October 15, 2026
Held by institutions
70%
of shares
Held by insiders
0.1%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Options strategies

All options ideas

How Cameco Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Not enough history

There is not enough price history to measure realised volatility.

  • Puts and calls are priced at about the same implied volatility.
  • Why: not enough price history to measure realised volatility.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

CCJ Cameco Corp Grade B+ $74.18

Own 100 shares, sell the $85.00 call expiring December 18, 2026 (46 days) for $1.47 a share — $147 per contract.

Previous session · Bid $1.47, ask $1.79, quoted Mon 2 Nov, 17:17 New York time with CCJ at $74.18. Option prices move with the shares: check the live chain at your broker before trading.

  • If CCJ ends below $85.00: you keep your shares and the $147 — 2.0% extra on the position, 15.7% a year at that pace.
  • If it ends above $85.00: your shares are sold at $85.00, a total return of 16.6% including the premium — at or above our value of ~$47.
$1.2k $0 −$1.5k Break-even $72.71 Price $74.18 ← Our value ~$47
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$147
Annualised
15.7%
Break-even
$72.71
Max gain
$1,229.38
Chance of selling
~27%

Collar

Own the shares, buy the $65.00 put and sell the $85.00 call, both expiring December 18, 2026 (46 days).

  • Net cost of $0.36 a share ($36.00 per contract of 100 shares).
  • Worst case at expiry: -12.9%, if the shares fall below $65.00 (-12.4% from today).
  • Best case at expiry: +14.1%, if the shares rise above $85.00 (+14.6%); gains beyond that go to the call buyer.

Offered because the shares trade at or above our fair value of $47.00: a way to hold on with a floor under the price, paid for by giving up upside the model does not expect. Strikes near 25-delta; the put at its ask and the call at its bid. Protection has a cost over time: research on protective puts finds they have usually lowered returns.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Cameco Corp in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Cameco Corp
$1B $1.5B $2B $2.5B FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue (TTM), FY16 Q4: $1.8B Revenue (TTM), FY17 Q4: $1.7B Revenue (TTM), FY18 Q4: $1.6B Revenue (TTM), FY19 Q4: $1.4B Revenue (TTM), FY20 Q4: $1.3B Revenue (TTM), FY21 Q4: $1.2B Revenue (TTM), FY22 Q4: $1.4B Revenue (TTM), FY23 Q4: $1.9B Revenue (TTM), FY24 Q4: $2.3B Revenue (TTM), FY25 Q4: $2.5B $2.5B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY16 Q4 $1.8B
FY17 Q4 $1.7B
FY18 Q4 $1.6B
FY19 Q4 $1.4B
FY20 Q4 $1.3B
FY21 Q4 $1.2B
FY22 Q4 $1.4B
FY23 Q4 $1.9B
FY24 Q4 $2.3B
FY25 Q4 $2.5B
Revenue growth, TTM YoY Cameco Corp
-20% 0% 20% 40% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue growth, TTM YoY, FY17 Q4: -9.5% Revenue growth, TTM YoY, FY18 Q4: -2.9% Revenue growth, TTM YoY, FY19 Q4: -13.1% Revenue growth, TTM YoY, FY20 Q4: -4.4% Revenue growth, TTM YoY, FY21 Q4: -12.3% Revenue growth, TTM YoY, FY22 Q4: 22.0% Revenue growth, TTM YoY, FY23 Q4: 33.5% Revenue growth, TTM YoY, FY24 Q4: 19.4% Revenue growth, TTM YoY, FY25 Q4: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY17 Q4 -9.5%
FY18 Q4 -2.9%
FY19 Q4 -13.1%
FY20 Q4 -4.4%
FY21 Q4 -12.3%
FY22 Q4 22.0%
FY23 Q4 33.5%
FY24 Q4 19.4%
FY25 Q4 8.9%
Operating margin (TTM) Cameco Corp
-10% 0% 10% 20% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Operating margin (TTM), FY16 Q4: -5.8% Operating margin (TTM), FY17 Q4: -5.9% Operating margin (TTM), FY18 Q4: 3.4% Operating margin (TTM), FY19 Q4: 5.0% Operating margin (TTM), FY20 Q4: -4.4% Operating margin (TTM), FY21 Q4: -9.2% Operating margin (TTM), FY22 Q4: 0.8% Operating margin (TTM), FY23 Q4: 10.9% Operating margin (TTM), FY24 Q4: 16.3% Operating margin (TTM), FY25 Q4: 17.8% 17.8%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY16 Q4 -5.8%
FY17 Q4 -5.9%
FY18 Q4 3.4%
FY19 Q4 5.0%
FY20 Q4 -4.4%
FY21 Q4 -9.2%
FY22 Q4 0.8%
FY23 Q4 10.9%
FY24 Q4 16.3%
FY25 Q4 17.8%
FCF margin (TTM) Cameco Corp
-10% 0% 10% 20% 30% 40% FY16 Q4 FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 FCF margin (TTM), FY16 Q4: 3.9% FCF margin (TTM), FY17 Q4: 22.3% FCF margin (TTM), FY18 Q4: 29.3% FCF margin (TTM), FY19 Q4: 24.3% FCF margin (TTM), FY20 Q4: -1.1% FCF margin (TTM), FY21 Q4: 24.4% FCF margin (TTM), FY22 Q4: 8.6% FCF margin (TTM), FY23 Q4: 20.7% FCF margin (TTM), FY24 Q4: 22.1% FCF margin (TTM), FY25 Q4: 30.9% 30.9%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY16 Q4 3.9%
FY17 Q4 22.3%
FY18 Q4 29.3%
FY19 Q4 24.3%
FY20 Q4 -1.1%
FY21 Q4 24.4%
FY22 Q4 8.6%
FY23 Q4 20.7%
FY24 Q4 22.1%
FY25 Q4 30.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 40-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Cameco took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.5B
  2. Other income $114M · 4.6%
  3. Cost of revenue $1.8B · 72.1%
  4. Gross profit $695M · 27.9%
  5. Research and development $27.5M · 1.1%
  6. Selling, general and admin $223M · 8.9%
  7. Operating income $443M · 17.8%
  8. Income tax $134M · 5.4%
  9. Net income $422M · 16.9%

Shares of revenue. Source: Cameco's 10-K for FY2025, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 1,838 1,663 1,615 1,404 1,342 1,177 1,437 1,918 2,290 2,493
Gross profit 350 336 228 182 79 2 179 416 571 695
EBITDA 174 156 307 277 97 43 148 373 577 652
Operating income −107 −98 54 70 −59 −109 12 210 372 443
Net income −47 −158 128 56 −40 −82 69 267 125 422
Diluted EPS −$0.12 −$0.40 $0.32 $0.14 −$0.10 −$0.21 $0.17 $0.62 $0.28 $0.97
Growth (year on year)
Revenue — −9.5% −2.9% −13.1% −4.4% −12.3% +22.0% +33.5% +19.4% +8.9%
EBITDA — −10.1% +96.8% −9.8% −65.1% −55.4% +242.1% +152.0% +54.8% +13.0%
Operating income — — — +28.4% −184.3% — — — +77.7% +18.8%
Net income — — — −56.6% −171.1% — — +289.0% −53.1% +236.4%
Diluted EPS — — — −55.8% −167.7% — — +263.6% −53.7% +239.4%
Margins
Gross margin 19.1% 20.2% 14.1% 13.0% 5.9% 0.1% 12.5% 21.7% 25.0% 27.9%
EBITDA margin 9.5% 9.4% 19.0% 19.8% 7.2% 3.7% 10.3% 19.4% 25.2% 26.2%
Operating margin −5.8% −5.9% 3.4% 5.0% −4.4% −9.2% 0.8% 10.9% 16.3% 17.8%
Net margin −2.5% −9.5% 8.0% 4.0% −3.0% −7.0% 4.8% 13.9% 5.5% 16.9%
Free-cash-flow margin 3.9% 22.3% 29.3% 24.3% −1.1% 24.4% 8.6% 20.7% 22.1% 30.9%
Cash flow
Cash from operations 236 460 515 397 42 366 234 510 661 1,008
Capital spending 164 88 43 57 58 79 110 114 155 238
Free cash flow 72 372 473 341 −15 287 124 396 507 770
Stock-based pay 11 11 12 11 5 4 3 3 5 7
Free cash flow after stock pay 62 361 461 330 −20 283 121 393 502 763
Balance sheet
Cash 239 473 521 820 720 976 845 429 417 813
Total debt 1,112 1,194 1,096 769 781 780 737 1,351 890 727
Net debt (negative = net cash) 874 721 575 −51 61 −197 −108 922 473 −86
Diluted shares 396m 396m 396m 396m 396m 398m 407m 435m 436m 436m
Returned to shareholders
Dividends 120 122 55 24 24 25 40 39 51 75
Total returned 120 122 55 24 24 25 40 39 51 75

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · December 31, 2025
What it owns · $7.5bn
Short-term assets $1.9bnLonger-term assets $5.6bn
What it owes, and who funded it · $5.8bn
Short-term liabilities $780mShareholders' equity $5.0bn
  • Short-term assets cover short-term liabilities $1.9bn of assets due within a year against $780m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $813m of cash against $727m of debt.
  • Debt below 40% of shareholders' equity Debt is 14% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 20% to 14% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.0bn of operating cash flow against $727m of debt.
  • Operating profit covers interest at least five times over Operating income of $443m against $37m of interest.

From Cameco Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$74.8M
Returned to shareholders
10%
of free cash flow
Diluted share count
−0.1%
year over year
Total shareholder yield
0.2%
dividends 0.2% + buybacks 0.0% of market value
Dividend payout ratio
18%
of net income paid out
R&D spending
1.1%
of revenue
Days sales outstanding
38 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in coal & consumable fuels
Last 12 months unless stated CCJ ARLP AMR HCC BTU CNR Median
Revenue, last 12 months $2.5bn $2.2bn $2.1bn $1.7bn $4.0bn $4.3bn $2.1bn
Revenue growth, last 12 months 8.9% −5.1% −12.9% 37.5% −0.7% 28.7% 2.0%
Revenue growth, 3-year average — −6.3% −15.8% 1.1% −10.5% 18.8% −3.6%
Revenue growth, latest quarter — 0.7% −10.4% 71.3% 12.7% 3.5% 3.5%
Gross margin 27.9% — — 32.1% — — 23.2%
Operating margin 17.8% 14.7% −2.2% 13.6% −5.6% 1.9% 5.1%
Operating margin, 3-year average 0.9% 16.7% 4.3% 14.3% 4.7% — 4.3%
Net margin 16.9% 12.3% −2.2% 13.0% −4.6% 2.3% 4.3%
Cash from operations / revenue 40.4% 28.2% 6.7% 17.9% 5.5% 13.2% 15.6%
Free-cash-flow margin 30.9% 16.4% −0.1% 0.9% −4.9% 6.1% 3.5%
Free-cash-flow margin, 3-year average 25.9% 14.5% 6.9% −3.1% 1.2% 9.3% 6.3%
Stock pay / revenue 0.3% 0.3% 0.7% 1.3% 0.4% 0.2% 0.4%
Change in share count −0.1% — −1.7% 0.5% −12.9% 26.1% 0.2%

Median of all 8 companies we cover in coal & consumable fuels. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

8 coal & consumable fuels companies
Measure Company Peer median Rank
Revenue growth Growth 8.9% 4.7% 3 of 8
Change in growth rate Growth -10.5pp +2.0pp 7 of 8
Operating margin Profitability 17.8% 8.3% 1 of 8
Net margin Profitability 16.9% 6.2% 1 of 8
Free-cash-flow margin Cash generation 30.9% 6.1% 1 of 8
Stock pay as % of revenue Cash generation 0.3% 0.7% 2 of 6
Long-term debt as % of assets Balance sheet 9.7% 9.7% 5 of 8
Change in share count Balance sheet -0.1% 0.5% 3 of 6
Days sales outstanding Balance sheet 38 days 38 days 4 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$28.3B
Institutions reporting
1,024
Shares held vs prior quarter
▲ 3.5%
Positions opened / closed
108 / 95

Top buyers and sellers, Q2 2026: 488 institutions bought and 434 sold ; the biggest buyer was Canada Pension Plan Investment Board (+1.7M shares) and the biggest seller Aristotle Capital Management, LLC (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Mirae Asset Global Etfs Holdings Ltd. $1.6B 15.6M 5.6% ▲ 1.2%
Capital World Investors $1.4B 13.4M 4.8% ▲ 0.8%
Vanguard Capital Management LLC $1.2B 12.0M 4.3% ▲ 1.3%
Royal Bank Of Canada $1.1B 10.9M 3.9% ▲ 13.7%
Fil Ltd $860M 8.4M 3.0% ▼ 5.2%
FMR LLC $813M 8.0M 2.9% ▼ 13.7%
Van Eck Associates Corp $768M 7.5M 2.7% ▲ 8.6%
Bank Of Montreal $750M 7.4M 2.7% ▲ 22.5%
Bank Of America Corp $735M 7.2M 2.6% ▼ 2.4%
Morgan Stanley $531M 5.2M 1.9% ▲ 12.9%
Norges Bank $520M 5.1M 1.8% —
Geode Capital Management, LLC $501M 4.8M 1.8% ▲ 13.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Cameco Corp's complete shareholder register. Values are as reported by the filers ; 4 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 2 sales of Cameco Corp shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded December 24, 2025, filed January 12, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded November 18, 2025, filed December 15, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Cameco Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Cameco Corp in brief

What does Cameco Corp do?
Cameco Corp is a US-listed company in the coal & consumable fuels industry. Its financial year ends in December.
What is Cameco Corp's stock ticker?
Cameco Corp trades under the ticker CCJ on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Cameco Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Cameco Corp reported revenue of $2.5B, 8.9% higher than a year earlier, according to its SEC filings.
What is Cameco Corp's free cash flow?
Cameco Corp's free-cash-flow margin is 30.9% of revenue over the trailing twelve months, ranking 1 of the 8 coal & consumable fuels companies we cover.
What is Cameco Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Cameco Corp's free cash flow after stock-based pay gives ~$47 per share in the base case, and ~$36–$62 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Cameco Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Mirae Asset Global Etfs Holdings Ltd., Capital World Investors and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Does Cameco Corp pay a dividend?
Yes: Cameco Corp paid $74.8M in dividends over the trailing twelve months, a dividend yield of 0.23% and a payout ratio of 17.7%.
How much debt does Cameco Corp have?
Cameco Corp's debt-to-equity ratio is 14.4%, from its latest balance sheet (20.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are Cameco Corp's competitors?
In our Coal & Consumable Fuels peer group, the companies closest to Cameco Corp are Alliance Resource Partners LP, Alpha Metallurgical Resources, Inc., Warrior MET Coal, Inc., Peabody Energy Corp and Core Natural Resources, Inc. The side-by-side comparison below sets their revenue, margins and growth against Cameco Corp's.