WallStSmart
CCJ

Cameco Corp

NYSE: CCJ · ENERGY · URANIUM

$114.29
-1.74% today

Updated 2026-04-29

Market cap
$55.08B
P/E ratio
127.75
P/S ratio
15.82x
EPS (TTM)
$0.99
Dividend yield
0.21%
52W range
$43 – $135
Volume
3.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Cameco Corp (CCJ) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$114.29
Consensus
$123.92
+8.43%
2030 Target
$146.34
+28.04%
DCF
—
—
7 analysts:
3 Buy1 Hold0 Sell

Management guidance

No specific CEO revenue targets disclosed in available research data. Latest 2025 annual report filed April 2026 indicates continued focus on long-term uranium supply agreements (India deal $2.6B), but no explicit multi-year revenue guidance through 2030 was found in the sources provided.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$236.40
$5.2B Rev × 20x P/S
Base case (2030)
$146.34
$5.2B Rev × 12x P/S
Bear case (2030)
$90.06
$5.2B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$2.6B$3.1B$3.5B$3.5B$3.9B$4.3B$4.7B$5.2B
Revenue growth—21.2%10.9%—12.4%9.5%10.3%9.7%
EPS$0.79$0.62$1.24$1.77$2.61$3.05$3.55$4.12
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$101.31$112.57$112.57$135.08$146.34

Catalysts & risks

Growth catalysts
+ India uranium supply deal ($2.6B long-term contract) supports baseline revenue floor through contract period
+ Tech company AI data center nuclear power demand (Amazon, Google, Microsoft contracts driving structural uranium supply deficit)
+ Geopolitical energy reallocation toward nuclear as oil prices spike and global energy security concerns intensify
+ Westinghouse Electric Company equity stake provides upside to fuel services segment and diversified revenue
+ U.S. domestic nuclear fuel policy shifts (first HALEU license in 50 years) support pricing and long-term contracting
Key risks
- 2026 revenue projected to decline 7% YoY due to anticipated lower uranium sales volumes despite positive pricing
- High valuation multiples (P/E 116x, EV/EBITDA 75.8x) leave limited margin for guidance misses or market disappointment
- Uranium volume/production constraints may cap growth despite strong price environment and customer demand
- Long-term contract book provides revenue visibility but ceiling to upside surprises; limited spot market exposure
- Geopolitical volatility (Iran tensions mentioned in recent news) creates unpredictable macro headwinds affecting energy markets

Methodology

Cameco Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 7 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.