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Cameco Corp is seeing a significant rise in its stock price, driven by positive sentiment in the uranium sector.
Cameco Corp (CCO.TO) is up today, gaining 1.98% to close at CA$133.58. This increase reflects a broader trend in the uranium market, as investors react to recent news about supply shortages.
Investor takeaway: Cameco's stock performance today shows renewed investor confidence, especially given the ongoing supply challenges in the uranium sector.
Cameco Corp
CCO.TO
CCO.TO
Cameco Corp
WealthAwesomeMarket cap
$43.58B
P/E
110.0x
Div. yield
0.24%
Div. / share
$0.24
52W high
$182.72
52W low
$97.15
1W change
-14.65%
Beta
1.13
Analyst Price Targets
Based on analyst covering CCO · as of Nov 3, 2026
Wall Street analysts forecast CCO stock price to rise 72.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$172.14
+72.0% Upside
Previously C$174.57 on Nov 2, 2026
Current Price
C$100.07
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CCO's historical volatility
30-Day Vol
46.1%
Annualized
90-Day Vol
44.6%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$83.70
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$94.29 | C$80.42 – C$110.55 |
| 60 trading days | C$88.84 | C$70.94 – C$111.26 |
| 90 trading days | C$83.70 | C$63.54 – C$110.27 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Cameco's Market Cap Surpasses CA$55 Billion
Cameco's market capitalization is now CA$55.79 billion, highlighting its significant role in the uranium industry during the ongoing global energy transition.
Bull case
The recent positive sentiment in uranium stocks, supported by JPMorgan's insights on long-term supply deficits, puts Cameco in a strong position for continued growth. With expected earnings increases and a strategic investment in Westinghouse, the company is well-positioned to benefit from the resurgence of nuclear energy.
Bear case
Despite today's gains, Cameco's high P/E ratio of 161.72 raises concerns that the stock might be overvalued, particularly if market sentiment changes or if upcoming earnings reports fall short of expectations.
Market Sentiment and Supply Dynamics
Cameco's rise today is mainly due to renewed optimism in the uranium sector, as highlighted by JPMorgan's recent report on long-term supply deficits. This positive sentiment is crucial for Cameco, which has been navigating a tough market environment.
Earnings Outlook and Strategic Moves
Investors are closely watching Cameco's upcoming earnings report, with projections indicating a significant increase in earnings per share. Additionally, Cameco's stake in Westinghouse positions it well to benefit from a potential surge in nuclear energy investments.
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