Overview
- Cameco shares hit an all-time high on Jan. 28 after a 9.68% gain for the week of Jan. 22–29, with the stock up about 166% over the past year.
- U.S. uranium futures climbed above $101 per pound, the highest since February 2024, on expectations of sustained demand.
- Policy momentum includes plans to boost U.S. nuclear capacity, streamline plant approvals, and support domestic uranium supply to reduce reliance on Russia.
- Cameco now pairs its core uranium mining and processing with a 50% stake in Westinghouse, broadening exposure across services to the nuclear sector.
- The company flags a supply shortfall by 2030 that could widen, but shares trade near roughly $124 with lofty valuation metrics and ongoing commodity risk despite long-term contracts.