Cameco Stock Is Surging in 2025 — Here’s Why Uranium’s Top Performer May Still Be a Buy
Cameco stock (NYSE: CCJ / TSX: CCO) continues to outperform the broader market in 2025, fueled by rising uranium prices, tightening global supply, and a major push toward clean nuclear energy. As a dominant player in the uranium mining industry, Cameco Corp is gaining serious attention from investors looking for long-term exposure to nuclear energy investing.
📈 Cameco Stock Overview (as of June 2025)
| Metric | Value |
|---|---|
| Current Price (USD) | ~$67.30 |
| Market Cap | $29.5 Billion |
| P/E Ratio (TTM) | ~83x |
| Forward P/E (2025E) | ~45x |
| EPS (Trailing 12M) | $0.81 |
| Revenue (2024) | $2.7 Billion |
| Gross Margin | 32% |
| Debt-to-Equity Ratio | 0.18 |
| Dividend Yield | 0.21% |
| YTD Stock Performance | +34% |
🚀 Why Cameco Stock Price Is Rising in 2025
🔋Global Demand for Nuclear Energy
As more countries embrace nuclear power to reach net-zero targets, uranium demand is at a multi-decade high. With over 60 new reactors under construction globally and more being planned, the demand for secure, long-term uranium supply is accelerating. Cameco is benefiting from this clean energy boom.
📊 Tight Uranium Supply and Contract Wins
Cameco is ramping up production from Canadian sites like Cigar Lake and McArthur River. At the same time, Western utilities are avoiding Russian and Kazakh suppliers, turning to Cameco’s reliable uranium contracts. This tightening supply gives Cameco strong pricing power and long-term revenue visibility.
💰 Strong Earnings Growth
In Q1 2025, Cameco reported:
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Revenue up 24% YoY
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Net earnings up 52%
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Uranium production grew by 3%
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Higher realized prices across uranium and fuel services
This was driven by long-term contract pricing, increased production, and Westinghouse Electric profits — where Cameco holds a 49% stake. This deal diversifies Cameco beyond mining and into the nuclear reactor servicing business.
✅ Should You Buy Cameco Stock Now?
Pros:
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✔️ One of the best uranium stocks with global scale
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✔️ Surging nuclear energy demand = long-term growth driver
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✔️ Strong balance sheet, low debt, and long-term contracts
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✔️ Strategic ownership in Westinghouse (reactor tech)
Risks to Consider:
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⚠️ High valuation: P/E over 80x may be hard to justify without continued earnings growth
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⚠️ Spot uranium prices remain volatile
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⚠️ Nuclear project delays could affect demand forecasts
📌 Analyst Sentiment
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Goldman Sachs: “Buy” rating with a price target of $72
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Morningstar: 4-star stock, citing Cameco’s strategic advantage in a constrained supply environment
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Zacks: Ranked #2 (Buy), citing momentum and strong sector exposure
🟢 Final Verdict
Cameco is not just riding a uranium wave — it’s helping build it. With a clean energy future ahead, nuclear is a key player, and Cameco stock is one of the most direct investments in that theme.
If you’re looking for a stock with exposure to nuclear energy, green infrastructure, and uranium mining, Cameco offers a rare blend of stability, scalability, and growth potential.
⚠️Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice. Investing in stocks involves risk, including loss of principal. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The author and publisher are not responsible for any actions taken based on this content.
