Cameco

Google, Amazon and Meta have raised 2026 capex forecasts, accelerating demand for electricity to power AI data centers. Nuclear power is presented as a long-term, low-carbon solution, and Cameco supplies uranium fuel and holds a 49% stake in Westinghouse, giving it exposure to reactor services. While benefits will materialize over years as reactors come online, analysts remain largely bullish on Cameco with above-current price targets. » More on finance.yahoo.com

Cameco missed analyst expectations in the second quarter with adjusted EPS of $0.1268 (expectation $0.28) and revenue of $573.46 million (expectation $592.27 million). The stock climbed 4.3% in pre-market trading as investors focused on higher uranium prices, a confirmed 2026 production guidance (19.5–21.5 million pounds U3O8) and long-term contract hedging. Management cited the absence of one-time contributions from Westinghouse and temporary operational disruptions in Saskatchewan as reasons for the weaker quarter, but emphasized Westinghouse’s strategic importance and the robust uranium market. The cost outlook was raised due to currency effects, though the company still views the long-term outlook as positive. » More on de.investing.com

The Global X Uranium ETF (URA) dropped about 18% over the past month even though spot uranium remains near $85 per pound, highlighting a disconnect between miner equities and the commodity. URA's heavy concentration in Cameco, which fell roughly 19% in a month, is the primary driver of the ETF underperformance. Investors should watch long-term utility contract prices (UxC/TradeTech) and Cameco's realized price and contracted deliveries in its next earnings release to gauge whether miners and URA can recover. » More on finance.yahoo.com

Cameco owns controlling stakes in the high-grade McArthur River and Cigar Lake mines and has committed to deliver an average of 28 million pounds of uranium annually. The company signed a $2.6 billion supply deal with India's Department of Atomic Energy and holds a 49% stake in Westinghouse, giving it exposure to reactor construction and fuel supply. U.S. DOE loan support for new AP1000 reactors could boost demand for Cameco's products, while the stock has fallen about 36% from its 52-week high amid recent volatility. » More on finance.yahoo.com

RBC Capital raised its price target on Cameco to C$175 from C$160 and maintained an Outperform rating, citing stronger uranium fundamentals, rising contract pricing and supportive government policies. Cameco and Orano Canada agreed to acquire Tepco's 5% participating interest in the high‑grade Cigar Lake mine, which would lift Cameco's stake to about 57.4%; Cameco's portion is valued at approximately $115.75 million and the deal is expected to close in Q3 2026 pending approvals. The company also holds a 49% interest in Global Laser Enrichment, positioning it to supply HALEU for advanced reactors as nuclear demand grows. » More on finance.yahoo.com