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Cameco stock

CCJNYSE

Cameco Corporation, EnergyISIN CA13321L1085

$71.78▼ $2.54 (−3.4%)Closing price of 12 Nov 2026

46Score 46 out of 100, Weak

Turn on early warning

Price and trend

38 / 100

Price history

−22% in one year

The chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Below the 200-day line: the price is 30% below it.

Trend change

Since July 2026 the 50-day line has been below the 200-day line; the trend has turned down.

Momentum

Normal: the price is neither overheated nor sold off (RSI 40).

Distance to the high

The price is 46% below its 52-week high. Largest decline in 20 years: 90% (June 2007 to March 2020).

Chart figures for advanced users
SMA 50$85.30
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$102.07
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)40
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDabove the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$68.33
The lowest closing price of the last twelve months.
Resistance$134.09
The highest closing price of the last twelve months.
Market cap
$31.26B
Div. yield
0.24%
12 months
112.3
on reported earnings of the last twelve months
45.2
on earnings for the next twelve months ($1.59 per share)
Fair value
no data

Snapshot

Computed from the data by fixed rules, no AI

  • Cameco Corporation belongs to the Uranium industry (Canada) and, with a market value of $31.26B, is the largest of 9 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $2.44B (up 10.9% year on year) and earnings of $413.44M (up 242.8%).
  • MEQIRI Score 46 out of 100 (Weak): rank 209 of 266 in Energy, median 60.
Show more
  • The P/E is 112.3 (Energy sector median 13.7, own median of recent years 80.9).

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Analysts expect strong earnings growthUp 46.5% a year through 2028 (estimates from 12 analysts).Growth 62

Weaknesses

  • Richly valuedP/E 112.3, Energy sector median 13.7, own median 80.9.Valuation 12
  • Margin may fall backOperating margin 16.7%, average of the prior years 0.8%, which ranged from −9.2% to 16.3%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.Profitability 38
  • Volatile share priceVolatility 51% a year over the last 12 months.
46/ 100
MEQIRI Score
Weak

Its standout strength is stability, while momentum and valuation hold the score back.

Daily figure as of 13 Nov 2026

How the score is calculated

Score overview

Score since yesterday from 45 to 46.

The fundamentals are in the middle range.

Profit consistency60% of years
Cash conversion (free cash flow to earnings, 12 months)85%
ROIC (12 months)5.1%
Positive free cash flow90% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk high

How well MEQIRI warns

One of the 30% with the highest crash risk among stocks ranked 101 to 1,000.

From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.

What drives the risk

  • price far below its 52-week high
  • cyclical sector (energy or materials), as a group, crashed more often in the backtest
  • high price swings

Valuation

Valuation signal

Overvalued
Price
$71.78
Fair value
not meaningful
Gap to fair value
no data

A fair value is not meaningful here, so the signal follows the valuation grade.

Valuation metrics

3.52
51.3
Fair value (model)
no data

The model puts the fair value at less than a quarter of the share price. That says more about the assumptions than about the company, so a fair value is not meaningful here and the valuation relies on the P/E and the other metrics.

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

20 years

In the twelve months to 30 Sep 2026, revenue fell 0.1% on the twelve months before. Revenue has grown solidly since 2006, at about 3% per year.

Margins

20 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 27%, operating 17%, net 17%. Last 12 months: net 11%.

Debt & balance sheet

latest quarter
0.14
11.4x
2.55
Cash & equivalents
$605.55M

The balance sheet is solid, with low debt and comfortable interest coverage.

Earnings

Next earnings
12 Feb 2027in 91 days
Last reported
30 Oct 2026EPS reported 0 (expected 0.23)below expectations

Analyst estimates

Analysts have cut their 2026 earnings estimate by 13.8% since 15 Oct 2026. Falling estimates often precede bad news.

Fiscal 202611 analysts
Earnings per share
1.26−13.8%
Revenue
$2.44B−0.4%
Fiscal 202712 analysts
Earnings per share
2.42−4.7%
Revenue
$2.77B+0.7%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook confirmed

Share price after the results: +1.7%

Annual production outlook unchanged; a few outlook metrics changed, with cost guidance pushed up a little, and average realized prices continue to improve.

Supporting passage from the call, verbatim
“Average realized prices continue to improve in both our uranium and fuel services segments, and our annual production outlook is unchanged.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 31 Jul 2026 (fiscal Q2 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

No open-market purchases or sales in the last 6 months.

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Cameco

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

266 rated companies in Energy

Rank 209 of 266
209/ 266
This company
46
Sector median
60

Categories against the sector median

ProfitabilityMedian of 266 companies38 (median 58)20 below the median
GrowthMedian of 266 companies62 (median 65)3 below the median
FundamentalsMedian of 266 companies56 (median 62)6 below the median
ValuationMedian of 254 companies with a value12 (median 82)70 below the median
StabilityMedian of 266 companies76 (median 60)16 above the median
Capital allocationMedian of 266 companies46 (median 48)2 below the median
Technical analysisMedian of 266 companies38 (median 53)15 below the median
MomentumMedian of 266 companies18 (median 56)38 below the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in Uranium

The next smaller companies by market value

All 9 Uranium stocks

ETFs that hold Cameco

Held by 51 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
Xtrackers MSCI Canada Screened UCITS ETF 1CD5BH1.81%0.35%€1.2B
VanEck S&P Global Mining UCITS ETF A USDWMIN1.62%0.50%€1.97B
UBS MSCI Canada UCITS ETF CAD disUIM91.09%0.33%€2.07B
Show 5 more

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Currency
Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CA$1.4249)
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 25 Sep 2026)
  • Valuation signal Overvalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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