Cameco Rises 1.36% Amid 62.09% Volume Drop to 411th Rank as Analysts Stacked Buys on Uranium Demand Outlook

On August 21, 2025, Cameco (CCJ) rose 1.36% to $71.43, with a trading volume of $220 million, a 62.09% decline from the prior day, ranking 411th in market activity. The stock closed higher despite mixed short-term trading patterns.

Analysts remain cautiously optimistic about Cameco, with six firms maintaining "Buy" or "Outperform" ratings. Goldman Sachs raised its price target to $78, while BMO Capital Markets and Scotiabank reiterated strong buy endorsements. The consensus price target stands at $83.32, reflecting confidence in long-term uranium demand and nuclear energy growth.

Recent quarterly results highlighted resilience, with Cameco reporting $0.71 EPS, exceeding estimates by $0.36, and revenue of $877 million, up 49.8% year-over-year. Institutional investors also increased holdings, including Hager Investment Management and Keel Point LLC, signaling ongoing institutional support.

Technical indicators suggest caution, with a "Strong Sell" signal from moving averages and RSI levels. However, the company’s strategic positioning in the nuclear fuel supply chain, coupled with robust earnings, underscores its potential amid global energy transitions.

The backtested strategy of holding top 500 high-volume stocks for one day from 2022 to 2025 yielded a 6.98% CAGR, though a 15.59% maximum drawdown in mid-2023 highlights volatility risks in volume-driven approaches.