Reading the tape
NYSE: CCJ
Cameco Corporation
Energy · Uranium
Market Cap
$50.53B
52w High
$135.24
52w Low
$38.98
P/E
118.71
Volume
1.93M
Outstanding Shares
435.46M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 200%Revenue (TTM): 11.01%FCF (TTM): 75.32%P/FCF: 83rd pct
What changed
The stock rose 200% over the last year. Revenue grew 11.01% over the trailing twelve months. Operating margin moved from 16.27% to 17.48%. Free cash flow grew 75.32% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (83rd percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 17.48% — continued expansion would be needed to justify the premium. Revenue growth of 11.01% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Cameco Corporation produces and sells uranium.
CEOHeidi Shockey
SectorEnergy
IndustryUranium
Employees730
IPO dateMar 14, 1996
Valuation
Forward P/E—
EV/EBITDA61.63
Enterprise value$54.56B
Stock splits
Feb 23, 2006↑ Forward
Every 1 shares became 2
Jan 7, 2005↑ Forward
Every 1 shares became 3
Profitability & growth
Revenue growth1.42%
Gross margin33.62%▼21.18%vs FY2024
Operating margin17.48%▲2.55%vs FY2024
ROE8.54%▲216.28%vs FY2024
Analyst consensus
RatingBuy
Target price$125.91▲8.51%
13
Buy
4
Hold
2
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
$0.51
$0.27
Q4FY25
ActualEst.
$0.05
$0.14
Q1FY26
ActualEst.
$0.36
$0.29
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$643.71M
$427.79M
Q4FY25
ActualEst.
$440.62M
$389.39M
Q1FY26
ActualEst.
$874.57M
$806.26M
Q2FY26
Next Est.
—
Dividends
$0.46/shareQuarterlySafeCCJ pays a dividend with a 0.4% dividend yield, growing at 4.26% annually, covered 9.8× by free cash flow.
Dividend Yield
0.4%
Annual Div / Share
$0.46
TTM $0.24
5yr CAGR
+4.26%
Doubles every ~16.6yr
Payout Ratio
17.72%
Safe
Dividend Growth Rate
3yr CAGR
+16.99%
5yr CAGR
+4.26%
10yr CAGR
+3.52%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.46+87.3%
2021$0.25-25.5%
2017$0.33+9.6%
2016$0.30-7.6%
2015$0.33-18.4%
2014$0.40+0.0%
2013$0.40+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$4/yr
$0/mo
In 5 yrs
$5/yr+23%
$0/mo
In 10 yrs
$6/yr+52%
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$4/yr $0/mo | $5/yr+23% $0/mo | $6/yr+52% $1/mo |
Yield-on-cost grows from 0.4% → 0.6% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 9.8× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.