CCJ
Cameco Corporation
CCJ's fundamentals are mixed: it turned 15% of its revenue into free cash flow, but its operating margin fell 3 points to 15%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CCJ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Strong |
CCJ's balance sheet is currently strong, and its revenue, profitability and cash flow are stable.
CCJ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 84x | $47.64 | -34% |
| Fair | 122x | $69.64 | -3% |
| Current | 125x | $71.78 | — |
| Expensive | 202x | $115 | +60% |
Historical ranges are pointers, not guarantees.
CCJ's PE is 125x, but its earnings don't support one, so it isn't a reliable read right now.
CCJ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for CCJ, with profitability improving. However, they disagree widely on these estimates.
CCJ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.57 | -34% |
| Q1 2026 | $1.05 | +163% |
| Q4 2025 | $0.95 | +252% |
| Q3 2025 | $0.85 | +372% |
| Q2 2025 | $0.86 | +110% |
| Q1 2025 | $0.40 | +8.1% |
| Q4 2024 | $0.27 | -53% |
| Q3 2024 | $0.18 | -58% |
CCJ earned $0.57 per share over the past year, down 34% from the year before.
CCJ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $572.4M | -7.2% |
| Q1 2026 | $594.3M | +7.1% |
| Q4 2025 | $843.6M | +1.4% |
| Q3 2025 | $432.1M | -15% |
| Q2 2025 | $616.6M | +47% |
| Q1 2025 | $555M | +25% |
| Q4 2024 | $831.8M | +40% |
| Q3 2024 | $506.6M | +25% |
CCJ's revenue has held roughly level: $572M last quarter, down 7.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 10% | -8.5 points |
| Q1 2026 | 19% | -4.1 points |
| Q4 2025 | 14% | -1.7 points |
| Q3 2025 | 15% | +1.2 points |
| Q2 2025 | 19% | +1.9 points |
| Q1 2025 | 24% | +3.5 points |
| Q4 2024 | 15% | +13 points |
| Q3 2024 | 14% | -9.7 points |
CCJ's operating margin was 10% last quarter, down 8.5 points from the same quarter a year ago.
CCJ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $2.2M | -99% |
| Q1 2026 | -$70.3M | -286% |
| Q4 2025 | $399.5M | +22% |
| Q3 2025 | $44.4M | +$50.1M |
| Q2 2025 | $274.4M | +83% |
| Q1 2025 | $37.8M | +132% |
| Q4 2024 | $327.1M | +195% |
| Q3 2024 | -$5.6M | -106% |
CCJ generated $376M in free cash flow over the past year, down 41% from the year before.
CCJ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -64K shares |
| 1 year | 0% | +54K shares |
| 3 years | +0.2% | +950K shares |
| 5 years | +9.5% | +37.9M shares |
| Available history | +10% | +39.8M shares |
CCJ has 436M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
CCJ hasn't bought back shares in the past year.
CCJ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | 0.2x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 1.1x | Healthy |
| Q3 2024 | 1.9x | Healthy |
CCJ has more cash than debt.
CCJ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 31.2 | Neutral |
| Stochastic | 10.7 | Oversold |
CCJ's weekly RSI is 31 (neutral) and its Stochastic is 11 (oversold).
CCJ PE vs Energy Sector
| Metric | CCJ | Sector median | Relative |
|---|---|---|---|
| PE | 125x | 13x | 852% above |
| PE % | 52 | 61 | 9 pts below |
CCJ is trading at 125x earnings, a 852% premium to the Energy sector's median of 13x, though its earnings don't support one.
CCJ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.2 | 10% below |
| 20 week MA | $89.0 | 19% below |
| 50 week MA | $101.1 | 29% below |
| 100 week MA | $82.7 | 13% below |
| 200 week MA | $61.8 | 16% above |
CCJ has fallen below most of its moving averages, though it's still 16% above its 200-week average.
CCJ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.83 | $13.5 | +53% |
| 2021 | $13.5 | $22.2 | +64% |
| 2022 | $22.2 | $22.4 | +0.9% |
| 2023 | $22.4 | $43.1 | +92% |
| 2024 | $43.1 | $52.5 | +22% |
| 2025 | $52.5 | $92.8 | +77% |
| 2026 YTD | $92.8 | $71.8 | -23% |
CCJ has finished every year since 2020 higher, and it's down 23% so far in 2026.