Cameco Stock Still Looks Frothy - Reiterate Sell

2026-03-03 21:57:02 ET

It has been over half a year since I provided an update for Cameco Corporation ( CCJ )( CCO:CA ). Back in early August 2025, I reiterated my sell rating on the uranium producer as guidance for the second half of the year was soft and the stock was trading at a hefty premium. Below, it is shown that my bearish call hasn't aged too well. Today, we'll determine whether this bull run is driven by the fundamentals or whether it is the result of overoptimism regarding the role nuclear power is going to play in the AI revolution....

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