# Cameco share price today (Cameco Corporation, CCJ)

> Cameco Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. CCJ · Energy · Uranium · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/ccj

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $72.56 (−29.0% in a year)
- P/E: 111.6×, over 4.3 years
- Revenue (Jun 2026): $814 M (−7.2% on a year ago)
- Profit (Jun 2026): $25.2 M (−92.1% on a year ago)
- Operating margin: 9.1% (−8.7 points on a year ago)
- ROE: 9%, FY25
- ROIC: 4.9%, against a 10.4% cost of capital: −5.5 points

The main question: yearly earnings per share moved +246.2% while the share price moved −29.0%. ## What is the Cameco share price today? Cameco Corporation's share price was $72.56 at the close on 3 November 2026. It has been moving sideways for 19 weeks. That is 30.1% below its average price over the last 200 trading days. In the last 52 weeks it traded between $73 and $124, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 29 weeks running. Over the last 10 years the share price moved +586% while the S&P 500 moved +255%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 April 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Cameco pay? Cameco Corporation has 3 quarters of declared dividends on file, too few for a 12-month total. The most recent declaration was $0.24 for Dec 2025. Cameco Corporation declared a dividend in 3 of the last 12 reported quarters, most recently $0.24 for Dec 2025. That is fewer than four quarters, so no 12-month total is shown. ## Which stock lists is Cameco on? Cameco is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Cameco profitable? Cameco Corporation earned $25.2 M of net profit in the Jun 2026 quarter, −92.1% on the same quarter a year earlier. Full-year FY25 profit was $590 M. That is 3.1% of the quarter's revenue. The same quarter a year earlier earned $321 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $590 M (+243.1% on the year before). Why profit moved: revenue changed −7.2% on a year earlier and the margin moved −8.7 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −14.9% and revenue −3.3%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Cameco make, and is it growing? Cameco Corporation reported $814 M of revenue in the Jun 2026 quarter, −7.2% on the same quarter a year earlier. Over 4 years it has grown 24.0% a year on average. The last full year, FY25, came in at $3.5 B. The last four reported quarters add to $3.5 B. FY25 revenue was $3.5 B, +11.0% on the year before. Recent pace: the last four quarters grew −3.3% on average, against 24.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −2.7%, against +14.5% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −33.5%, against +17.5% a year (rolling over). ## How much of every $100 of sales does Cameco keep? Cameco Corporation's operating margin was 9.1% in the Jun 2026 quarter, 8.7 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −7.7% and 16.7%. The latest quarter is within that range. Across 5 years it has been between −7.7% and 16.7%, and FY25's 16.7% is the highest of them. Why the margin moved: operating margin changed −8.7 percentage points on the year while gross margin changed −7.0 points. So the drop came mostly from the gross margin, which means input costs and prices charged. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Cameco's profit turning into cash? Over the last 3 years, 267% of Cameco Corporation's reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.4 B of operating cash against $590 M of profit. After $333 M of spending on assets, $1.1 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Cameco's cash go? Cameco Corporation does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $698 M on assets over the last 3 years. Averaged over those years that is 6.7% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $698 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Cameco's P/E ratio, and how does it compare with its own history? Cameco Corporation's P/E is 111.6×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +246.2% while the price moved −29.0%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +20.0% a year; about +10.2% a year came from earnings growth and about +9.8 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Cameco business getting better or worse? Cameco Corporation's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 5.1%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Cameco earn on its capital? Cameco Corporation earned a ROE of 9% in FY25. That is up from a low of −2% in FY21. Its return on capital used (ROIC) is 5.5 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 16.9% net margin and 0.34× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 16.9% net margin × 0.34× asset turnover × 1.49× leverage (assets divided by equity) ≈ 8.6% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 4.9% − 10.4% = −5.5 percentage points. The 10.4% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 4.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 6.4%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Cameco have too much debt? Cameco Corporation has total debt of $1.2 B against shareholder equity of $7.1 B as of Jun 2026, so its debt is 0.17× its equity, which is very little. Year by year, that ratio went from 0.21 in FY21 to 0.15 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the Cameco shareholding pattern? 2.1% of Cameco Corporation's tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 2.7 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Cameco from balance-sheet trouble? For Cameco Corporation, the Z-score is 12.98. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 12.98 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Cameco rank in its industry? 46.7 out of 100, rank 2 of 13 in Uranium, with 71% of the evidence available. Cameco Corporation scores 46.7 out of 100 against the 13 companies it is compared with in Uranium, ranking 2. Relative strength against the index is -31.6%, and revenue and profit growth are weak. The four parts add up to the total exactly: 7.9 + 15.9 + 8.5 + 14.4 = 46.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Cameco compared with? Cameco ranks 2 of 13 Uranium companies on the 4-Factor Sector Score, with 46.7 out of 100. 1. [Uranium Royalty Corp.](https://www.sectoralpha.in/us/stocks/uroy) UROY · quiet · Most evidence points up · 67% evidence 66.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.7/35 · Revenue 100% · Profit n/a · Operating margin change 22.4 points · 71% evidence Capital efficiency 15.6/25 · ROCE 3.7% · Operating margin 31.7% · 76% evidence Valuation 9.2/20 · P/E 23.4× · PEG n/a · 15% evidence Relative strength 18.3/20 · Lead over its industry 41.7% · Lead over S&P 500 -17.7% · 1 year -13.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 23.7 + 15.6 + 9.2 + 18.3 = 66.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. Cameco Corporation this page CCJ · quiet · Evidence leans down · 71% evidence 46.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.9/35 · Revenue -2.7% · Profit -33.4% · Operating margin change -8.7 points · 83% evidence Capital efficiency 15.9/25 · ROCE 5% · Operating margin 9.1% · 76% evidence Valuation 8.5/20 · P/E 177.4× · PEG n/a · 15% evidence Relative strength 14.4/20 · Lead over its industry 19.6% · Lead over S&P 500 -31.6% · 1 year -21.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 7.9 + 15.9 + 8.5 + 14.4 = 46.7 · What this means: Relative strength against the index is -31.6%, and revenue and profit growth are weak. 3. [Energy Fuels Inc.](https://www.sectoralpha.in/us/stocks/uuuu) UUUU · quiet · Evidence leans down · 64% evidence 46.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.0/35 · Revenue 63.1% · Profit n/a · Operating margin change 542.4 points · 62% evidence Capital efficiency 10.1/25 · ROCE -5.6% · Operating margin -79% · 76% evidence Valuation 11.2/20 · P/E -95.1× · PEG n/a · 15% evidence Relative strength 0.9/20 · Lead over its industry -22% · Lead over S&P 500 -56.8% · 1 year -53.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24 + 10.1 + 11.2 + 0.9 = 46.2 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -53.7%. 4. [Uranium Energy Corp.](https://www.sectoralpha.in/us/stocks/uec) UEC · quiet · Too little evidence to rank firmly · 51% evidence 45.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.4/35 · Revenue n/a · Profit n/a · Operating margin change -109.3 points · 26% evidence Capital efficiency 7.9/25 · ROCE -9% · Operating margin -228.6% · 76% evidence Valuation 11.5/20 · P/E -616.2× · PEG n/a · 15% evidence Relative strength 11.5/20 · Lead over its industry 3.1% · Lead over S&P 500 -42.2% · 1 year -38% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.4 + 7.9 + 11.5 + 11.5 = 45.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [Denison Mines Corp.](https://www.sectoralpha.in/us/stocks/dnn) DNN · quiet · Too little evidence to rank firmly · 60% evidence 45.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 13.9/35 · Revenue 0% · Profit n/a · Operating margin change -1044.9 points · 62% evidence Capital efficiency 10.1/25 · ROCE -7.8% · Operating margin n/a · 61% evidence Valuation 10.2/20 · P/E -14.3× · PEG n/a · 15% evidence Relative strength 10.9/20 · Lead over its industry 10.5% · Lead over S&P 500 -37.2% · 1 year -17.6% · 100% evidence · 2 of 12 weeks ahead Exact sum: 13.9 + 10.1 + 10.2 + 10.9 = 45.1 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Ur-Energy Inc.](https://www.sectoralpha.in/us/stocks/urg) URG · quiet · Too little evidence to rank firmly · 56% evidence 39.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue n/a · Profit n/a · Operating margin change 22.8 points · 39% evidence Capital efficiency 5.9/25 · ROCE -31.8% · Operating margin -128.3% · 76% evidence Valuation 9.5/20 · P/E -11.5× · PEG n/a · 15% evidence Relative strength 4.0/20 · Lead over its industry -12.4% · Lead over S&P 500 -50.6% · 1 year -41.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.3 + 5.9 + 9.5 + 4 = 39.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 7. enCore Energy Corp. EU · quiet · Evidence leans down · 64% evidence 39.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 25% · Profit n/a · Operating margin change 338.2 points · 62% evidence Capital efficiency 6.5/25 · ROCE -21% · Operating margin -187.9% · 76% evidence Valuation 9.8/20 · P/E -12.9× · PEG n/a · 15% evidence Relative strength 4.1/20 · Lead over its industry -34.4% · Lead over S&P 500 -64.3% · 1 year -73.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.1 + 6.5 + 9.8 + 4.1 = 39.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Centrus Energy Corp.](https://www.sectoralpha.in/us/stocks/leu) LEU · quiet · Evidence leans down · 81% evidence 36.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.4/35 · Revenue 8.2% · Profit -53.3% · Operating margin change -15.7 points · 83% evidence Capital efficiency 14.0/25 · ROCE 0% · Operating margin 5.3% · 76% evidence Valuation 10.7/20 · P/E 68.1× · PEG 1.32 · 65% evidence Relative strength 2.9/20 · Lead over its industry -17.8% · Lead over S&P 500 -54.1% · 1 year -67.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.4 + 14 + 10.7 + 2.9 = 36 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. IsoEnergy Ltd. ISOU · quiet · Too little evidence to rank firmly · 50% evidence 55.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue n/a · Profit n/a · Operating margin change n/a · 33% evidence Capital efficiency 11.9/25 · ROCE -3.6% · Operating margin n/a · 61% evidence Valuation 10.5/20 · P/E -23.4× · PEG n/a · 15% evidence Relative strength 17.0/20 · Lead over its industry 31% · Lead over S&P 500 -24.4% · 1 year 0.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 16.4 + 11.9 + 10.5 + 17 = 55.8 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. NexGen Energy Ltd. NXE · quiet · Too little evidence to rank firmly · 50% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Revenue n/a · Profit n/a · Operating margin change n/a · 33% evidence Capital efficiency 10.3/25 · ROCE -6% · Operating margin n/a · 61% evidence Valuation 10.8/20 · P/E -35.2× · PEG n/a · 15% evidence Relative strength 15.7/20 · Lead over its industry 27.4% · Lead over S&P 500 -27% · 1 year -5.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 10.3 + 10.8 + 15.7 = 53.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 11. Deep Fission, Inc. FISN · quiet · Too little evidence to rank firmly · 27% evidence 44.0 out of 100 Growth Capital Valuation Relative
12. Nuclea Energy Inc. NCLA · Too little evidence to rank firmly · 11% evidence 43.7 out of 100 Growth Capital Valuation Relative
13. Eagle Nuclear Energy Corp. NUCL · quiet · Too little evidence to rank firmly · 47% evidence 41.5 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Uranium](https://www.sectoralpha.in/us/sectors/uranium), all 13 compared on one page. ## Which companies are close to Cameco in size? Cameco is the largest of 8 Uranium companies on Sector Alpha by market value (scores of 3 November 2026). It is the largest. Just below it: Uranium Energy Corp., Centrus Energy Corp., Denison Mines Corp., Energy Fuels Inc., Uranium Royalty Corp. and Ur-Energy Inc. ### Uranium companies close in size

1. Cameco Corporation $31.6 billion
2. [Uranium Energy Corp.](https://www.sectoralpha.in/us/stocks/uec) $3.7 billion
3. [Centrus Energy Corp.](https://www.sectoralpha.in/us/stocks/leu) $2 billion
4. [Denison Mines Corp.](https://www.sectoralpha.in/us/stocks/dnn) $1.9 billion
5. [Energy Fuels Inc.](https://www.sectoralpha.in/us/stocks/uuuu) $1.8 billion
6. [Uranium Royalty Corp.](https://www.sectoralpha.in/us/stocks/uroy) $1.2 billion
7. [Ur-Energy Inc.](https://www.sectoralpha.in/us/stocks/urg) $293 million

[All 8 Uranium companies, largest first](https://www.sectoralpha.in/us/sectors/uranium#all-companies)

### Companies close in size in other industries

1. [Venture Global, Inc.](https://www.sectoralpha.in/us/stocks/vg) $32.2 billion · Oil & Gas Midstream
2. [Twilio Inc.](https://www.sectoralpha.in/us/stocks/twlo) $32.1 billion · Software - Infrastructure
3. Cameco Corporation $31.9 billion
4. [Ingersoll Rand Inc.](https://www.sectoralpha.in/us/stocks/ir) $31.8 billion · Specialty Industrial Machinery
5. [DexCom, Inc.](https://www.sectoralpha.in/us/stocks/dxcm) $31.6 billion · Medical Devices

## What else do people ask about Cameco? ### What were Cameco's latest quarterly results? Cameco Corporation reported revenue of $814 M and net profit of $25.2 M for the Jun 2026 quarter. Revenue fell 7.2% and profit fell 92.1% compared with a year earlier. Earnings per share were $0.06. The operating margin was 9.1%, 8.7 percentage points lower than a year earlier (as of 3 November 2026). ### What is Cameco's market cap? Cameco Corporation's market capitalisation is $31.6 B at a stock price of $72.56. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Cameco performing? Cameco Corporation's share price has been moving sideways for 19 weeks. In its latest quarter, revenue fell 7.2% and profit fell 92.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 29 weeks running (as of 3 November 2026). ### Will Cameco's stock price go up? This page does not forecast Cameco Corporation's stock price. What it shows instead: the stock price is $72.56, and it has been moving sideways for 19 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Cameco have too much debt? No, Cameco Corporation has little debt: its debt is 0.14× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Is Cameco's profit real cash? Yes, over the last 3 years, 267% of Cameco Corporation's reported profit came in as cash from operations. The latest year was lower at 239%, so the trend is worth watching. In FY25, operating cash was $1.4 B against reported profit of $590 M. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Cameco in its business cycle? Cameco Corporation's FY25 operating margin was 16.7%, against a 5-year range of −7.7% to 16.7%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 9.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Cameco story? The main question: yearly earnings per share moved +246.2% while the share price moved −29.0%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Cameco a stock worth studying right now? What the numbers show: Cameco Corporation's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.