Cameco Shares Plunge 2.67% Amid Top 500 Trading Volume Ranking and Surging Earnings

Cameco (CCJ) fell 2.67% on August 1, 2025, with a trading volume of $0.44 billion, a 26.32% decline from the previous day. The stock closed at $73.14 after reporting quarterly earnings of $0.51 per share, exceeding estimates of $0.29. Despite the drop, analysts maintain a "Buy" rating with an average price target of $82.65, reflecting confidence in the company’s long-term potential.

Second-quarter revenue surged 46.7% year-over-year, driven by strong performance across uranium, fuel services, and Westinghouse segments. Cameco revised its Westinghouse adjusted EBITDA forecast to $525–$580 million, citing a $170 million boost from the Dukovany reactor project in the Czech Republic. Management emphasized disciplined long-term contracting and supply discipline amid macroeconomic uncertainties, with production guidance unchanged for 2025.

Institutional investors increased holdings in Q2, including IQ EQ Fund Management, Transcend Capital, and Wealthfront Advisers. Positions grew by $1.51 million to $341,000, with Ashton Thomas Private Wealth raising its stake by 4.3%. The company’s 70.21% institutional ownership underscores confidence in its strategic position within the nuclear fuel supply chain.

The strategy of purchasing the top 500 stocks by daily trading volume and holding them for one day delivered a 166.71% return from 2022 to the present, outperforming the benchmark return of 29.18% by 137.53%. This underscores the role of liquidity concentration in short-term stock performance, particularly in volatile markets.