Cameco Surges to 101st Most Traded Stock with $766 Million Volume

On May 23, 2025, Cameco Corporation (CCJ) experienced a significant surge in trading volume, reaching $766 million, marking a 356.59% increase from the previous day. This substantial rise in trading volume positioned Cameco as the 101st most traded stock on the day. The company's stock price also saw a notable increase, rising by 11.13% over the past two days, with a cumulative gain of 12.50%.

Goldman Sachs has initiated coverage on Cameco with a positive "Buy" rating and set a price target of $65. This move reflects growing investor confidence in the nuclear energy sector, driven by increasing demand for nuclear power. The successful election of ten board members at Cameco's annual meeting further underscores shareholder approval and support for the company's leadership.

Raymond James has updated their price target for Cameco shares from C$84 to C$83, while maintaining a strong "Outperform" rating. Additionally, President Capital Management has initiated coverage with a buy rating and a price goal of CA$87, indicating a favorable outlook for the company.

Cameco's financial performance has shown a consistent upward trend in revenue over recent weeks, with trading volumes reflecting growing investor interest. The company's first-quarter report indicated earnings per share of $0.16, closely aligning with analyst projections. Although revenue was slightly below the consensus estimate of $806.82M, the company's operations in uranium, fuel services, and Westinghouse segments demonstrate resilience.

Cameco's financial strength is evident in its key ratios, including an EBIT margin of 7.3%, a gross margin of 26.3%, and a total debt-to-equity ratio of 0.15. These figures indicate a stable leverage position and the ability to cover short-term obligations, with a current ratio of 2.7 and a lever ratio of 1.5. The company's valuation metrics, such as a price-to-sales ratio of 9.68 and a P/E ratio of 72.3, reflect investor expectations for future growth in uranium demand.

Investors have reacted positively to the latest developments, with Goldman Sachs' endorsement and the unanimous election of board members reinforcing confidence in Cameco's management. The company's strategic position and strong maneuverability amid geopolitical challenges further solidify its status as a leading player in the nuclear energy sector. However, trading with Cameco requires careful consideration of risks and timing strategies due to fluctuating geopolitical scenarios and commodity market dynamics.