#5 - Cameco Corp. (NYSE:CCJ)
So far, we’ve looked at companies on the hardware side of the nuclear sector. However, just like increased fossil fuel demand is bullish for oil prices, increased demand for nuclear power is bullish for uranium prices. That sets up the bullish case for Cameco Corp. (NYSE: CCJ).
Cameco is the world’s largest publicly listed uranium company and the second-largest uranium miner. At the beginning of 2025, the company’s land holdings spanned about 1.8 million acres, which sets it apart from other uranium miners still in the exploration stage.
Cameco is forecasting annual uranium deliveries of between 32 million and 34 million pounds. However, increased demand for nuclear power is likely to lead to higher uranium demand.
Cameco started publicly trading in 1997, but it took until 2021 for the stock to begin charging forward. In the five years ending December 31, 2024, CCJ stock is up more than 480%.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.
Read More - Current Price
- $49.20
- Consensus Rating
- Buy
- Ratings Breakdown
- 7 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $66.56 (35.3% Upside)
