CCJ Cameco Corporation

Stock NYSE Energy

US$91.69 -1.17% Latest close

Cameco Corporation (CCJ) trend channel, buy level and 3-month target on Trade The Path. Sector: Energy. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. On this symbol, 10 comparable calls have settled; 70% reached the published sell target. Information only, not financial advice.

Mid-channel, rising this year inside a falling 0.639079607623034-year channel

Price is between the two trend lines. Nothing to act on yet.

The next few months are read from the last 8 months, the stretch whose swings the lines actually follow, because the last 12 months alone do not contain enough turns to fit reliably (39% against 62%). The last 12 months stay as context: rising, +12% a year. A stock can be falling inside a channel that still rises over years; that is what this is, and only one of the two can be the near-term expectation. The target of US$98.82 is below the nearest ceiling (US$108.12), so it does not depend on a breakout. What would overturn this: a close below US$75.36 β€” the floor of the channel being read β€” after which the trend, not the entry, is what was wrong.

8 months read from
US$75.36 – US$108.12 Falling channel, βˆ’35% a year
12 months
US$84.76 – US$108.21 Rising channel, +12% a year
Position in that channel
50% 0% at the floor, 100% at the ceiling

What broke this trend

The fall
-37% from US$134.0828 Jan 2026 β†’ 29 July 2026
Whose problem it was
This company1 of 1 Uranium peers fell with it
Does it resolve?
Temporary falls like it have resolved on the record
Regained so far
17%of what it lost
What the record says
80% of 1024 comparable falls came back, typically in 81 days measured across every stock we hold history for, its peer group being too small

The trend broke in January 2026: price fell 37% from 134.08 to 84.55 by July 2026, and has regained 17% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. The wire that week: β€œHere's How Much You Would Have Made Owning Cameco Stock In The Last 5 Years”. Falls like it have resolved: falls of about 37% here have come back to the old high 80% of the time (1024 comparable falls), typically in 81 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 135.90 within 269 days, reached 80% of the time in 1024 comparable falls β€” about 0.17% a day held.

Reported at the time: Here's How Much You Would Have Made Owning Cameco Stock In The Last 5 Years β€” 26 Jan 2026

Price history, with the path projected 3 months forward

US$50.0US$100.0US$150.0Oct 23Mar 24Aug 24Jan 25June 25Nov 25Apr 26Sept 26 today BuyTarget Our buy US$91.5 Β· est. 18 Oct 26Our target US$98.8 Β· est. 4 Nov 26Revised US$110.1 Β· was US$135.9 Β· 9 Sept 26
  • Daily close
  • Upper trend line (8 months)
  • Lower trend line (8 months)
  • The same lines over the last 12 months
  • Dashed after today: projected 3 months
  • Our buy
  • Our target

Suggested path

Buy at or below

US$91.50

level as at 18 Oct 2026

Our target

US$98.82

by 4 Nov 2026

Projected move

8.0%

gross, before costs

Price sits between our buy level and our target.

The lines are drawn where this stock has actually turned: 3 touches on the ceiling, 2 on the floor, each fitted to the slope that catches the most of them. Buying one average daily range below its 50-day mean, on heavier volume than usual and while it is still above its 200-day mean, has come up 791 times; measured against the 6% floor β€” the least a call has to be worth to be worth making, not what it aims at β€” 73% cleared it, typically in 34 days, with price going about 5% against the entry along the way (63% in the worst case we have on record). Trades that have not reached the target within 3 months are counted as misses, whatever they are worth at the time. The prices above are this stock’s own β€” its average, its volatility β€” but the setup is the same one we apply everywhere: derived on eight unrelated tickers, then confirmed on 87 others it was never fitted to. We deliberately do not tune it to each stock: doing so scores worse on history the tuning never saw β€” 58% against 71% β€” because it fits the past rather than the future. On this stock the setup has come up 15 times so far, reaching target 93% of the time. The sell price comes from where this stock is projected to be, not from a minimum worth taking: the fitted path reaches 10% above the entry within 90 days, and of the sizes that path supports, 8% is the one that has returned the most per day of money tied up here β€” measured over the 12 times this entry has come up on this chart, reached 100% of the time, typically in 17 days. Smaller sizes got there sooner but paid less for the weeks they used; larger ones need a break above the projected ceiling, which is not the base case. The date published is whichever is later: that typical time, or the day the projected path itself reaches the price. It is a prediction, so it can be revised: if the run tops out before it gets there, the target is cut to what is actually on the table and you are told the same day. An ordinary pullback is not treated as topping out β€” those go on to make a new high about 8 times in 10, so they are ridden through. What triggers the revision is price closing below its 50-day trend and staying there, after which the odds of recovery fall to roughly 3 in 10.

On this stock's own history these rules produced 10 settled calls, of which 7 reached target (70%), with an average best move of 13.4%. See the full record.

Upper line touches
3
Lower line touches
2
Fit confidence
62%
Fitted
18 Sept 2026

About Cameco Corporation

Cameco Corporation is a prominent global enterprise specializing in the production and distribution of uranium. Its operations are structured into two core divisions: Uranium and Fuel Services. The Uranium division manages the full upstream process, encompassing the exploration, extraction, and initial processing (milling) of uranium ore, as well as the procurement and sale of uranium concentrate. Conversely, the Fuel Services division focuses on the downstream transformation of uranium. This includes the refining, conversion, and fabrication of uranium concentrate into usable forms, alongside providing related conversion services. Furthermore, this segment is responsible for manufacturing specialized fuel bundles and reactor components specifically designed for CANDU reactors. Cameco provides its essential uranium products and associated fuel services to nuclear utility clients across major international markets, including the Americas, Europe, and Asia. The company was founded in 1987 and maintains its principal office in Saskatoon, Canada.

Sector
Energy
Industry
Uranium
CEO
Timothy S. Gitzel
Employees
3,082
Country
CA

https://www.cameco.com

Scorecard

Our own pillar scores, computed from the fundamentals below. They are not Morningstar ratings β€” that data is licensed and we do not redistribute it.

Valuation
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Profitability
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Financial health
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Cash generation
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Key statistics

Market cap
US$42.11B
Enterprise value
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Beta
1.06
Avg volume
3.23M
Revenue per share
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Dividend yield
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52-week range
77.7-135.24
Exchange
NYSE

Key ratios

P/E (TTM)
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PEG
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Price / sales
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Price / book
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EV / EBITDA
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Gross margin
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Operating margin
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Net margin
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Current ratio
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Quick ratio
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Debt / equity
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Interest cover
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Income statement

Balance sheet

Cash flow

Trend lines are fitted statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.