Why Cameco (CCJ) Stock Is Up Today

Cameco (CCJ) is up 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a rebound in sentiment after Cameco said Cigar Lake, one of its key uranium mines, resumed production and that its 2026 output outlook for the site remains unchanged. Broader support may also be coming from improving uranium market fundamentals and investor positioning ahead of Cameco’s July 31, 2026 second-quarter results.

Details:

Cameco announced on July 14 that Cigar Lake restarted production after a temporary suspension tied to processing issues at the McClean Lake mill.

The company said stockpiled ore shipments to the mill had resumed and kept its 2026 production outlook for Cigar Lake at 17.5 million to 18.0 million pounds on a 100% basis.

Cameco also said on July 17 that it will report second-quarter results before markets open on July 31, which can draw renewed investor attention as the event approaches.

Sector conditions have stayed constructive, with the long-term uranium price moving higher into mid-2026 and the broader nuclear fuel story still supported by supply security concerns and expected reactor demand growth.

Sources:

Cameco, U.S. Department of Energy, Sprott

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 440 institutional investors add shares of $CCJ stock to their portfolio, and 422 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 5,861,426 shares (-38.8%) from their portfolio in Q1 2026, for an estimated $623,098,890
HARDMAN JOHNSTON GLOBAL ADVISORS LLC added 3,316,329 shares (+3911.2%) to their portfolio in Q1 2026, for an estimated $352,542,354
CALEDONIA (PRIVATE) INVESTMENTS PTY LTD removed 2,036,201 shares (-37.5%) from their portfolio in Q1 2026, for an estimated $216,458,347
MARSHALL WACE, LLP removed 1,752,571 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $186,307,060
WELLINGTON MANAGEMENT GROUP LLP added 1,299,429 shares (+161.2%) to their portfolio in Q1 2026, for an estimated $138,135,799
ARISTOTLE CAPITAL MANAGEMENT, LLC added 1,188,709 shares (+79.0%) to their portfolio in Q1 2026, for an estimated $126,365,710
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 1,102,888 shares (-99.2%) from their portfolio in Q1 2026, for an estimated $117,242,508

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CCJ Analyst Ratings

Wall Street analysts have issued reports on $CCJ in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

William Blair issued a "Outperform" rating on 04/20/2026
GLJ Research issued a "Buy" rating on 02/18/2026

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 $155.6.

Here are some recent targets:

Lawson Winder from B of A Securities set a target price of $140.0 on 07/09/2026
Andrew D. Wong from RBC Capital set a target price of $175.0 on 06/29/2026
Richard Garchitorena from Barclays set a target price of $108.0 on 05/22/2026
Gordon L. Johnson from GLJ Research set a target price of $171.2 on 02/18/2026

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.