Cameco slides as uranium prices cool and investors take profits after a strong run

Cameco Corporation (CCJ) is down 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver appears to be a broader pullback in uranium-linked equities as uranium spot-price momentum cooled after an early-2026 run-up, prompting profit-taking in higher-beta names. Recent company guidance also implies a softer 2026 delivery outlook versus 2025, which can amplify sensitivity to near-term commodity sentiment.

Details:

Uranium market commentary in recent weeks highlighted a February reset lower in spot pricing after elevated levels, which often pressures sentiment across uranium miners even when longer-term fundamentals remain constructive.

The company’s February 13, 2026 earnings release showed sharply higher full-year profit and operating cash flow versus 2024, but the market has been quick to fade strength as valuations across the group have risen.

In that same release, Cameco indicated targeted 2026 uranium deliveries of about 29–32 million pounds versus 33 million pounds delivered in 2025, a data point that can be interpreted as a near-term growth pause.

This could also be because sector flows reversed as physical-uranium vehicles and uranium-linked ETFs tracked weaker spot pricing, creating short-term selling pressure on large index constituents like Cameco.

Sources:

Cameco (press release / Form 6-K), Nuclear Newswire (American Nuclear Society), MINING.COM

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CCJ Hedge Fund Activity

We have seen 487 institutional investors add shares of $CCJ stock to their portfolio, and 465 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 2,212,569 shares (-12.8%) from their portfolio in Q4 2025, for an estimated $202,427,937
FIL LTD removed 2,094,018 shares (-19.4%) from their portfolio in Q4 2025, for an estimated $191,581,706
CITIGROUP INC removed 1,781,746 shares (-71.4%) from their portfolio in Q4 2025, for an estimated $163,011,941
MARSHALL WACE, LLP added 1,729,454 shares (+7481.3%) to their portfolio in Q4 2025, for an estimated $158,227,746
RAILWAY PENSION INVESTMENTS LTD removed 1,653,600 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $138,670,896
ALLIANCEBERNSTEIN L.P. removed 1,638,428 shares (-46.6%) from their portfolio in Q4 2025, for an estimated $149,899,777
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 1,556,157 shares (+12.0%) to their portfolio in Q4 2025, for an estimated $142,372,803

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$CCJ Congressional Stock Trading

Members of Congress have traded $CCJ stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $CCJ stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 1 purchase worth up to $15,000 on 10/17 and 2 sales worth up to $30,000 on 01/09, 12/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$CCJ Analyst Ratings

Wall Street analysts have issued reports on $CCJ in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

GLJ Research issued a "Buy" rating on 02/18/2026
RBC Capital issued a "Outperform" rating on 11/13/2025
Goldman Sachs issued a "Buy" rating on 10/29/2025

To track analyst ratings and price targets for $CCJ, check out Quiver Quantitative's $CCJ forecast page.

$CCJ Price Targets

Multiple analysts have issued price targets for $CCJ recently. We have seen 4 analysts offer price targets for $CCJ in the last 6 months, with a median target of $150.0.

Here are some recent targets:

Gordon L. Johnson from GLJ Research set a target price of $171.2 on 02/18/2026
Andrew D. Wong from RBC Capital set a target price of $160.0 on 02/17/2026
George Eadie from UBS set a target price of $140.0 on 11/10/2025
Brian Lee from Goldman Sachs set a target price of $109.0 on 10/29/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.