Cameco Corporation (NYSE:CCJ) is included among the The 15 Best Nuclear Energy Stocks to Buy According to Wall Street Analysts.
Cameco Corporation (NYSE:CCJ) is one of the world’s largest suppliers of the uranium fuel needed to power a secure energy future.
On May 22, Barclays initiated coverage on Cameco Corporation (NYSE:CCJ) with an ‘Equal Weight’ rating and a $108 price target.
The move comes after Cameco Corporation (NYSE:CCJ) reported strong performance in its first quarter of 2026, with production underway at our uranium mining operations in Canada and Kazakhstan. The company’s adjusted EPS of $0.47 beat expectations by $0.13, while its revenue also grew 7% year-over-year to $845 million and comfortably beat estimates by nearly $250 million.
Cameco Corporation’s (NYSE:CCJ) results for the quarter were higher compared to 2025, with net earnings of $131 million, adjusted net earnings of $203 million, and adjusted EBITDA of $509 million. The company’s core uranium segment performed exceptionally well, generating 48% year-over-year growth in adjusted EBITDA due to higher sales volumes and an improved average realized price. Cameco also revealed that it has contracts in place for average annual deliveries of more than 28 million pounds of U3O8 over the next five years.
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