Where Will Cameco (CCJ) Stock Be in 10 Years?

2026-02-10 15:07:01 ET

Cameco (NYSE: CCJ) struggled for a decade after the Fukushima disaster of 2011. From 2011 to 2021, the Canadian uranium miner's revenue plummeted from $2.4 billion to $1.5 billion as more countries throttled or paused their nuclear expansion plans. Uranium's spot price plunged from a peak of $136 per pound in June 2007 to $18 per pound in November 2016, forcing Cameco and its peers to suspend their mining operations.

But over the past few years, the growth of the power-hungry cloud and AI markets , new decarbonization initiatives, and the development of safer, more sophisticated reactors have driven more countries to restart their nuclear projects .

Image source: Getty Images.

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