Market Analysis by covering: Cameco Corp, Meta Platforms Inc, Uranium Futures, Vistra Energy Corp. Read 's Market Analysis on Investing.com ...

Cameco (NYSE:CCJ) Conference February 23, 2026 03:00 PM ET Company ParticipantsGrant Isaac - President and COOConference Call ParticipantsAlex Pearce - Equity Research Analyst of Metals and MiningGrant IsaacBe here. I thought I would open with a few comments. The reason I'm gonna do this is something funny happened in our Q4 quarterly call. For the first time in 16 years, nobody asked about the spot market or the term market of uranium. Didn't happen. You didn't ask, nobody asked. I don't wanna lose the opp ...

7,740,013-$13.5411.70%$102.13[CrowdStrike][CRWD]• Vol: 11,752,403-$44.2111.38%$344.39[IBM] [IBM]• Vol: 9,776,304-$26.2210.19%$230.95[KKR][KKR]• Vol: 11,043,404-$8.758.65%$92.43[American Express][AXP]• Vol: 4,805,463-$27.487.94%$318.70 Nuclear Stocks: Cameco Shares Jump 5% & Constellation Energy Reports Tomorrow Morning - 24/7 Wall St. [S&P 5006,833.10 -1.17%][Dow Jones48,829.20 -1.62%][Nasdaq 10024,659.20 -1.47%][Russell 20002,615.95 -1.86%][FTSE 10010,682.40 -0.49%][Nikkei 22556,770.50 -0.61%][Stock Market ...

Key Takeaways Cameco and Centrus Energy are positioned to benefit from accelerating global nuclear demand.Cameco posted 38% EPS growth in Q4, with higher fuel services revenues and strong contract visibility.CCJ guides 2026 uranium revenues of CAD 2.54-2.73B and holds 230M pounds in long-term contracts.Centrus Energy (LEU) and Cameco (CCJ) are both well-positioned to benefit from the accelerating global shift toward nuclear energy. Centrus Energy supplies nuclear fuel and services for the nuclear power indu ...

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Industry Overview - Nuclear power is experiencing a resurgence globally, driven by increasing power demands from artificial intelligence and a shift towards green energy, prompting significant investments in nuclear capacity [1] - The demand for uranium has surged, with its spot price increasing by 32% over the past year, contrasting with declines in other energy resources [2] Company Profile - Cameco is the second largest uranium producer globally, responsible for 15% of the world's uranium production in 2025, and operates high-grade uranium mines such as Cigar Lake and MacArthur River/Key Lake [4] - The company also has a 49% stake in Westinghouse, which produces advanced nuclear reactors and is developing a small modular reactor [5] Strategic Positioning - Cameco is well-positioned to support the U.S. Department of Energy's goal to triple nuclear energy generation by 2050, benefiting from favorable tax rates on Canadian uranium [6] - The U.S. has entered an $80 billion deal with Cameco and Brookfield Asset Management for the purchase of new AP 1000 reactors [6] Global Expansion - Several countries, including China, Poland, Bulgaria, Ukraine, and India, are investing in AP 1000 reactors, indicating a strong international demand for nuclear technology [7] Financial Performance - In the most recent quarter, Cameco exceeded earnings expectations by 13.6%, recovering from a previous miss [8] - Revenues for 2025 increased by 11% to $3.48 billion, with diluted earnings per share rising by 246% to $1.35, and cash reserves growing to $1.2 billion against total debt of $1 billion [9] - The company raised its dividend by 50% compared to 2024, although the yield remains low at 0.15% [9]

Core Viewpoint - Cameco Corporation is a leading uranium producer with strong financial performance and significant institutional interest, indicating a positive outlook for the company. Financial Performance - Cameco reported earnings per share (EPS) of $0.36 for the last quarter, exceeding analysts' expectations of $0.29 by $0.07 [2] - The company's revenue for the quarter was $874.57 million, surpassing analyst estimates of $782.13 million, reflecting a year-over-year revenue increase of 1.5% [2] - Cameco's net margin stands at 17.00% and return on equity is at 9.35% [2] - The company has a market capitalization of $51.89 billion, a PE ratio of 122.83, and a beta of 0.99 [1] Stock Performance - Shares of Cameco opened at $119.14, with a 52-week low of $35.00 and a high of $135.24 [1] - The stock's 50-day moving average price is $108.19, and the 200-day moving average price is $92.95 [1] Institutional Trading - Institutional investors own 70.21% of Cameco's stock, indicating strong institutional confidence [3][4] - Abbington Investment Group purchased a new position worth $6.51 million in the third quarter [3] - Mirae Asset Global Investments increased its holdings by 79.4%, now owning shares valued at $20.96 million [3] - Hillsdale Investment Management raised its position by 165.1%, acquiring shares worth $12.59 million [3] Analyst Ratings - National Bank Financial and Raymond James Financial both maintain an "outperform" rating for Cameco [5] - Royal Bank of Canada raised its target price for Cameco from $150.00 to $160.00 [5] - Zacks Research upgraded Cameco from a "hold" to a "strong-buy" rating [5] - The consensus rating for Cameco is "Buy" with an average target price of $143.03 [5] Company Overview - Cameco Corporation is a major player in the uranium production sector, supplying the global nuclear power industry [7] - The company is involved in the exploration, mining, milling, and sale of uranium concentrate, known as yellowcake, which is essential for nuclear reactors [7] - Cameco's operations are primarily based in Canada and the United States [8]

Core Insights - Cameco (CCJ) reported a 38% year-over-year increase in adjusted earnings per share to 36 cents, surpassing the Zacks Consensus Estimate by 24% [1][10] - The company experienced a 2% decline in uranium production, totaling 6 million pounds in Q4 2025, with mixed performance from its mines [2] - Total revenues increased by 1.5% year-over-year to CAD 1,201 million ($862 million), driven by a rise in fuel services segment revenues [4] Production and Sales - Uranium production from Cigar Lake rose by 4% to 2.6 million pounds, while output from McArthur River/Key Lake fell by 8% to 3.3 million pounds [2] - The company sold 11.2 million pounds of uranium, a decrease of 12.8% compared to Q4 2024, leading to a 1% decline in uranium revenues to CAD 1,027 million ($750 million) [3] Financial Performance - Total cost of sales decreased by 0.5% to approximately CAD 928 million ($677 million), with uranium segment costs down by 2% [5] - Cameco's total gross profit increased by 9% to CAD 273 million ($199 million) [5] - Cash and cash equivalents at the end of Q4 stood at CAD 1.2 billion ($0.88 billion), with long-term debt of CAD 1 billion ($0.73 billion) [6] Future Projections - For 2026, Cameco anticipates uranium production of 19.5-21.5 million pounds, a slight decrease from 2025's 21 million pounds [7] - Uranium revenues for 2026 are projected to be CAD 2.54–2.73 billion, based on an average realized price of CAD 85.00-89.00 per pound [8] - Total revenue guidance for 2026 is set at CAD 3.13-3.37 billion [9] Strategic Developments - Cameco has secured long-term contracts for approximately 230 million pounds of uranium, ensuring delivery visibility over the next five years [11] - The company entered a strategic partnership with the U.S. Government to support the deployment of Westinghouse nuclear reactors, with an investment value of at least $80 billion [13] Market Position and Valuation - Cameco's shares have increased by 142.7% over the past year, outperforming the industry average of 35.7% [17] - The stock is currently trading at a forward price-to-sales ratio of 19.54, indicating a stretched valuation compared to the industry average of 4.62 [18] - The company holds a significant position in the global uranium market, accounting for nearly 15% of worldwide output [23] Growth Drivers - Rising energy security concerns and a global push for low-carbon energy are expected to drive sustained demand for nuclear power [25] - Cameco's investments in production expansion and long-term contracts position the company well for future growth in the nuclear energy sector [26]

Financial giants have made a conspicuous bullish move on Cameco. Our analysis of options history for Cameco (NYSE:CCJ) revealed 9 unusual trades.Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $337,126, and 7 were calls, valued at $363,843.Expected Price MovementsBased on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $ ...

Group 1 - The U.S. government has shifted towards direct equity investments in strategic private companies to bolster national security and reduce reliance on foreign supply chains, particularly from China [1][2] - This approach has been compared to an informal "American sovereign wealth fund," leading to significant stakes in publicly traded firms, which may present compelling investment opportunities [1][2] - The focus of these investments includes sectors vital to defense, AI, electric vehicles, and energy independence, with all identified companies rated Buy by top Wall Street firms [1] Group 2 - Cameco Corp. is a leading uranium supplier with a small dividend and a significant deal with the U.S. Commerce Department to finance $80 billion in nuclear plant construction [1] - Intel Corp. has seen a government acquisition of a 10% stake through an $8.9 billion investment, positioning it as a major player in the semiconductor industry [1] - L3Harris Technologies Inc. received a $1 billion investment from the Pentagon to expand missile production, with a reliable dividend and a focus on national security technology solutions [2] - Lithium Americas Corp. is developing the Thacker Pass lithium project, which is considered a potential major investment opportunity due to its sought-after product [2] - MP Materials Corp. operates the only rare earth mine in the U.S. and secured a $400 million investment from the Department of Defense to enhance domestic production [2] - Trilogy Metals Inc. holds a 50% interest in the Upper Kobuk Mineral Projects in Alaska, with a government stake that could increase investor interest [2]