Cameco offers 42.4% upside to the analyst target after a 43% drawdown and a 9/9 Piotroski score, but the stock is in a confirmed downtrend, trades at a 42.1x forward P/E and has weak cash conversion.
Thesis pillars
- Large Analyst Upside↑Improving
- Confirmed Downtrend Momentum↓Deteriorating
- High Forward Multiple↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026
Cameco Corporation (CCJ) Stock Analysis
Oversold Bounce setup
Energy · Uranium
Hold if already holding. Not a fresh buy at $71.68, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9); Negative momentum.
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium... Read more
Hold if already holding. Not a fresh buy at $71.68, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9); Negative momentum. Chart setup: Oversold RSI 27, near Bollinger lower, volume surge. Mixed signals. Hold existing position. Score 5.1/10, moderate confidence.
Passes 7/9 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 99d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated Oct 28, 2026Recent Developments — Cameco Corporation
Latest news
- NEWS CCJ Falls 27.6% in 6 Months as Execution Risks Test the Nuclear Thesis - TradingView — TradingView Oct 28, 2026 negative
- NEWS Cameco's Raised Revenue Outlook Faces a Crucial Execution Test Ahead - Yahoo Finance — Yahoo Finance Oct 28, 2026 positive
- NEWS Cameco's Raised Revenue Outlook Faces a Crucial Execution Test Ahead - TradingView — TradingView Oct 28, 2026 positive
- NEWS Here’s How Much You Would Have Made Owning Cameco Stock In The Last 5 Years - Benzinga — Benzinga Oct 28, 2026 positive
- NEWS Is Cameco Worth Buying as Premium Valuation Meets Execution Risk? - TradingView — TradingView Oct 28, 2026 neutral
Latest item Oct 28, 2026 · Generated 2026-11-05T11:59:09Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
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Rating Breakdown
2 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $71.68, but acceptable to hold if already in. Reasons: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9); Negative momentum. Chart setup: Oversold RSI 27, near Bollinger lower, volume surge. Mixed signals. Hold existing position. Analyst target $104.40 (+45.6%), stop $67.46 (−6.3%), A.R:R 4.7:1. Score 5.1/10, moderate confidence.
Analyst target: $104.40 (+45.6% upside). Analyst target $104.40 (+45.6%), stop $67.46 (−6.3%), A.R:R 4.7:1. Stop-loss: $67.46.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9); Negative momentum; Below 200-MA, MA slope -2.1%/30d (confirmed downtrend).
Cameco Corporation trades at a P/E of 108.6 (forward 40.1). TrendMatrix value score: 4.9/10. Verdict: Hold.
20 analysts rate CCJ, with a consensus score of 4.2/5. 9 analysts publish price targets averaging $120.
What does Cameco Corporation do?Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in...
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.