Cameco Shares Dip 1.19% Amid Uranium Price Surge and Strategic Deals, Ranks 367th in $340M Trading Volume

On July 30, 2025, Cameco (CCJ) closed with a 1.19% decline, trading at $79.15, with a daily volume of $340 million, ranking 367th in market activity. The stock remains under scrutiny ahead of its Q2 earnings report, with analysts noting elevated uranium prices and fuel services demand as potential catalysts for revenue growth in 2025.

Recent developments include strategic partnerships in the uranium sector. F4 Uranium Corp and Stearman Resources announced an agreement to explore the Murphy Lake uranium property in Saskatchewan, a move that could indirectly influence market sentiment for uranium miners like Cameco. Meanwhile, Strathmore Plus Uranium initiated a 2025 drilling program near Cameco’s operations in Wyoming, signaling renewed interest in the region’s uranium potential.

Brokerage activity has also shaped the stock’s outlook. Desjardins raised its price target for CCJ to C$105, citing the Dukovany project’s progress, while RBC Capital increased its target to C$100, emphasizing uranium and nuclear energy opportunities. These adjustments reflect institutional confidence in Cameco’s positioning within the expanding low-carbon energy transition.

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