CCJ
Cameco Corp
ACTIONABLEMethodology gates passed
Position levels
Currenttoday
USD 97.31
Buy <=wait / entry
USD 83.00
Trim >=take some off
USD 105.00
Thesis breakLoss, material renegotiation or volumetric reduction of the USD 2.6 billion Indi...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 15% | 100 / 100 | 15.0 |
| Base case | 50% | 62 / 100 | 31.0 |
| Bear case | 35% | 10 / 100 | 3.5 |
| Weighted conviction | 50 / 100 - OPPORTUNISTIC BUY | ||
Top risks
- Major $2.6B long-term uranium supply agreement with India's Department of Atomic Energy for nearly 22 million pounds U3O8 over nine years (2027-2035)
- Q2 2026 earnings miss with actual EPS $0.13 versus estimate $0.36
- Analyst consensus Buy rating from 24 analysts with average 12-month price target $145.60