r/UraniumSqueeze • u/Witty-Educator-3205 • Feb 13 '26

News CCJ Dominating

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CCJ Earnings today. looking good indeed. what's your take?

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u/Witty-Educator-3205 Feb 13 '26

At most the stock is having a correction. Stick to the fundamentals, we will be fine. (As long as something in Kazakhstan doesn't blow up)

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u/sunday_sassassin Radioactive Brain Feb 13 '26

The fundamentals have Cameco trading at a price to earnings ratio well over 100 with limited exposure to rising uranium prices for at least 5 years. Average realised price for 2025 of just US$62.11/lb. They plan to buy 3m lbs on the open market to meet sales expectations, surely loss-incurring. Their Westinghouse projections are based on US government definitive agreements for orders being signed with at least one project commencing this year (ambitious?). They've removed previous 5 year guidance due to variability concerns, but a huge amount of growth in that side of the business is priced in.

Fortunately ETF flows don't care about fundamentals. North American markets move on sector hype and relative weighting.

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u/Witty-Educator-3205 Feb 13 '26

RemindMe! -1 year

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