Cameco Corporation (CCJ) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Energy · Uranium
Is Cameco Corporation a safe investment right now?
As of Aug 13, 2026, our estimated fair value (intrinsic value) for Cameco Corporation (CCJ) stock is $38.40, versus a market price of $97.74 — Overvalued. Predicted EPS $0.96 x 40.0 Fair PE.
Cameco Corporation's Altman Z-Score of 8.81 places it in the safe zone. Our fair value estimate is $38.40 (Overvalued). Moat rating: 2.9/5 stars.
Cameco Corporation is part of the Powering AI — Nuclear, Utilities, Cooling & Electrical group in our AI coverage — compare its fair value against every other AI, cloud, and quantum stock through a value investing lens.
Could Cameco Corporation go bankrupt? Altman Z-Score analysis
Z-Score of 8.81 is above 3.0, indicating the company is financially healthy by this metric.
- Below 1.8 — Distress Zone (high bankruptcy risk)
- 1.8 to 3.0 — Gray Zone (elevated uncertainty)
- Above 3.0 — Safe Zone (financially healthy)
What drives CCJ's Z-Score?
| Component | Formula | Value | Weight | Contribution |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.1523 | 1.2 | 0.18 |
| B · Retained Earnings / Total Assets | RE / TA | 0.3503 | 1.4 | 0.49 |
| C · EBIT / Total Assets | EBIT / TA | 0.0847 | 3.3 | 0.28 |
| D · Market Cap / Total Liabilities | MCap / TL | 12.528 | 0.6 | 7.52 |
| E · Revenue / Total Assets | Rev / TA | 0.338 | 1.0 | 0.34 |
How has CCJ's financial health changed over time?
| Year | Z-Score | Zone |
|---|---|---|
| 2022 | 10.23 | Safe |
| 2023 | 7.6 | Safe |
| 2024 | 8.18 | Safe |
| 2025 | 8.81 | Safe |
Source: Calculated from CCJ's latest 10-K filing on SEC EDGAR.
Cameco Corporation Fair Value & Intrinsic Value — What Is It Actually Worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Predicted EPS (α) | $0.96 | Proprietary blend of reported actuals + analyst consensus, weighted by α |
| Last Year EPS | $0.59 | Annual report (SEC EDGAR) |
| Analyst Consensus EPS (This Year) | $1.51 | 11 analysts consensus |
| Trailing P/E | 165.7x | Current market pricing |
| Fair P/E (β discount) | 40.0x | Trailing PE adjusted by value discount factor β, hard-capped |
| Earnings Trend (γ) | Accelerating | Directional signal: predicted vs trailing EPS |
Wall Street Reference: Analyst consensus target price is $130.20 (11 analysts). This is shown for reference only and is not used in our valuation model.
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Does Cameco Corporation have a durable competitive advantage?
Moat rating: 2.9/5.
What makes up CCJ's moat score?
ROIC Stability
ROIC variability over the past decade. Score: 2/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 4/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
How stable is CCJ's return on invested capital?
| Year | ROIC | Trend |
|---|---|---|
| 2022 | 2.2% | — |
| 2023 | 7.3% | Rising |
| 2024 | 5.2% | Declining |
| 2025 | 11.1% | Rising |
Source: ROIC calculated from SEC EDGAR filings.
Is Cameco Corporation's dividend safe?
Can Cameco Corporation afford its dividend?
Payout ratio is 29.6%. FCF covers the dividend 3.1x. 30 consecutive years of payments.
US dividend withholding tax of 30% applies to non-US tax residents. This rate may be reduced under a tax treaty between the US and your country of residence. The adjusted yield shown assumes the default 30% rate. For informational purposes only — consult a qualified tax advisor.
Cameco Corporation's key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $3.5B | $3.1B | $1.9B | Rising |
| Net Income | $0.6B | $0.2B | $0.1B | Rising |
| Free Cash Flow | $1.1B | $0.7B | $0.2B | Rising |
| Gross Margin | 27.9% | 25.0% | 12.5% | Rising |
Recent events that affect our CCJ analysis
CCJ earnings report scheduled
Upcoming report. Consensus EPS estimate: $0.34. Revenue estimate: $735.7M. Our current Fair Value: $38.40 — a significant beat or miss could shift this estimate.
CCJ analyst consensus: 88% bullish (21 of 24 analysts)
9 Strong Buy, 12 Buy, 3 Hold, 0 Sell, 0 Strong Sell. Consensus target: $130.20 (33.2% upside). Compare with our independent Fair Value: $38.40.
CCJ missed EPS estimates by 52.1%
Reported EPS: $0.18 vs estimate $0.38. Our Fair Value of $38.40 may face downward pressure if the trend continues.
CCJ beat EPS estimates by 38.1%
Reported EPS: $0.47 vs estimate $0.34. Earnings strength supports our Fair Value of $38.40 (60.7% below current price).
CCJ beat EPS estimates by 12.9%
Reported EPS: $0.50 vs estimate $0.44. Earnings strength supports our Fair Value of $38.40 (60.7% below current price).
CCJ paid $0.1720/share dividend
Dividend Safety Grade: A. Payout ratio: 29.6%.
CCJ missed EPS estimates by 74.5%
Reported EPS: $0.07 vs estimate $0.27. Our Fair Value of $38.40 may face downward pressure if the trend continues.
CCJ beat EPS estimates by 37.6%
Reported EPS: $0.71 vs estimate $0.52. Earnings strength supports our Fair Value of $38.40 (60.7% below current price).
CCJ missed EPS estimates by 17.5%
Reported EPS: $0.16 vs estimate $0.19. Our Fair Value of $38.40 may face downward pressure if the trend continues.
CCJ beat EPS estimates by 12.9%
Reported EPS: $0.36 vs estimate $0.32. Earnings strength supports our Fair Value of $38.40 (60.7% below current price).
Common questions about Cameco Corporation
What is Cameco Corporation stock price today?
Cameco Corporation (CCJ) stock price is $97.74 as of the latest market close, traded on the NYSE exchange.
What does Cameco Corporation do?
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.
What is Cameco Corporation market cap?
Cameco Corporation has a market capitalization of $42.57B, classifying it as a large-cap stock in the Energy sector.
What sector and industry is CCJ in?
Cameco Corporation operates in the Energy sector, specifically within the Uranium industry. It trades on the NYSE under the ticker symbol CCJ.
Is CCJ stock overvalued or undervalued?
Based on our valuation model, Cameco Corporation trades 154.5% above our fair value estimate — potentially overvalued.
- FairValueLabs Fair Value: $38.40
- Current Price: $97.74
- Valuation Zone: Overvalued
What is CCJ stock forecast and analyst target price?
Based on 11 Wall Street analysts, the consensus price target for Cameco Corporation is $130.20, implying upside of 33.2% from the current price.
- Analyst High Target: $177.00
- Analyst Low Target: $85.40
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Cameco Corporation revenue and earnings growing?
Here are the analyst consensus growth estimates for Cameco Corporation:
- Revenue growth (current year est.): 0.5%
- EPS growth (current year est.): 4.7%
- Revenue growth (next year est.): 13.4%
- EPS growth (next year est.): 74.7%
What are Cameco Corporation's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $3.5B | Rising |
| Net Income | $0.6B | Rising |
| Free Cash Flow | $1.1B | Rising |
| Gross Margin | 27.9% | Rising |
What is CCJ's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 165.7x
- Forward P/E (next 12 months est.): 52.2x
- FairValueLabs Fair P/E: 40.0x
How volatile is CCJ stock?
Cameco Corporation has a beta of 0.99, meaning it is roughly in line with overall market volatility. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Cameco Corporation have?
Cameco Corporation's balance sheet shows:
- Total Cash: $1.11B
- Total Debt: $1.22B
- Net Cash Position: $-109.4M
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Cameco Corporation's free cash flow?
Cameco Corporation generated $50.0M in trailing twelve-month free cash flow (from $941.8M in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Cameco Corporation pay a dividend, and is it safe?
Yes, Cameco Corporation pays a regular dividend. Here are the key metrics:
- Dividend Yield: 0.2%
- Payout Ratio: 29.6%
- Consecutive Years Paid: 30
- 5-Year Dividend Growth: 23.0%
- FairValueLabs Safety Grade: A
Is Cameco Corporation at risk of going bankrupt?
Cameco Corporation's Altman Z-Score is 8.81, placing it in the safe zone (above 3.0) — bankruptcy risk is low. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does Cameco Corporation have a durable competitive advantage?
Cameco Corporation scores 2.9/5 stars (Narrow moat · eroding) in our moat analysis:
- ROIC Stability: 2/5
- Gross Margin Trend: 4/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is CCJ's return on equity (ROE)?
Cameco Corporation's return on equity is 5.1%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy CCJ stock?
CCJ shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol CCJ
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is CCJ a value stock or speculative?
FairValueLabs classifies Cameco Corporation as Value-Speculation. It has some value characteristics but carries elevated risk factors that make it speculative. Extra due diligence is recommended.
Who is the CEO of Cameco Corporation?
The current CEO of Cameco Corporation is Mr. Timothy S. Gitzel.
What is CCJ's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $0.59
- Forward EPS (next 12 months est.): $1.87
- Analyst consensus EPS (this year): $1.51
- Analyst consensus EPS (next year): $2.63
Other Energy companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Aug 13, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
CCJ analysis methodology: How we calculate fair value, Z-Scores, and moat ratings