Cameco Corp
- Industry
- Nuclear Fuel & Power
- Exchange
- US
- Country
- USA
- IPO date
- Mar 14, 1996
- Website
- www.cameco.com
Composite valuation range · conservative $65–$85 / fair $95–$120 / optimistic $140–$175. At $89.35, Between the conservative and fair ranges.
At publication $105.95 (Jun 9, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
Cameco Corporation provides uranium for the generation of electricity in the Americas, Europe, and Asia. It operates in three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment engages in the exploration for, mining, milling, purchase, and sale of uranium concentrate. Its Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate, as well as purchase and sale of conversion services. The Westinghouse segment operates as a nuclear reactor technology original equipment manufacturer and a provider of products and services to commercial utilities and government agencies. It also provides outage and maintenance, engineering support, instrumentation and controls equipment, and plant modification services, as well as components and parts to nuclear reactors. The company sells its uranium and fuel products and services to nuclear utilities. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
History
Cameco Corporation (Canadian Mining and Energy Corporation) was incorporated in 1987, formed by merging the federal Eldorado Nuclear and Saskatchewan's mining development entity (SMDC), and is headquartered in Saskatoon, Saskatchewan, Canada. It trades in Toronto (CCO.TO) and listed on the New York Stock Exchange (CCJ) in 1996. Its McArthur River mine entered production in 1999, and in November 2023 Cameco joined Brookfield to acquire a 49% stake in Westinghouse, extending the company from uranium mining into reactor technology and fuel services. It now operates in three segments: Uranium, Fuel Services, and Westinghouse.
Industry position
Cameco is the largest Western-bloc uranium producer, with roughly 18% global market share, second only to Kazakhstan's Kazatomprom (~22%), and among the world's largest publicly listed uranium producers. Its Cigar Lake and McArthur River mines in Canada's Athabasca Basin are the highest-grade producing uranium mines globally. It is one of only four players with commercial-scale UF6 conversion capacity (alongside Orano, Rosatom, and China's nuclear industry), and through its 49% Westinghouse stake it reaches the AP1000 reactor OEM and fuel-fabrication layer, making it one of few Western firms integrated across the nuclear fuel cycle. Main competitors include Kazatomprom, Orano, and BHP.