CAMECO CORPORATION
In the published model solve dated 2026-Q2, anchored at $100.72, CAMECO CORPORATION (CCJ) is priced for today's economics sustained for ~20.7 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Uranium is mined in few places and processed in fewer, and Cameco's own summer showed why that matters: Cigar Lake stopped on July 1 because of trouble at the mill that treats its ore, and was running again by July 14 [Source: Cameco news releases, July 1 and July 14, 2026]. • The bet rather than the business is the risk here, because at roughly 83 times company-wide operating profit the quote needs the recent growth pace to hold for close to two decades, and that kind of persistence is rare.
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990 institutional managers reported holding CCJ in 13F filings for the quarter ended 2026-03-31. Together they hold about 60% of the company; the top 10 hold 23%. 141 opened new positions that quarter. Held by Vanguard Group, Capital Group (American Funds), FMR (Fidelity), among others. On the short side, 6.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (1.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CCJ's share count grew 9.5% over the past five years. It pays a dividend, and has paid one every year in our records (10 and counting), raised 2 years straight. Cash returned over the past three years: $166.32M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.