Cameco Lowers FY2026 Sales Guidance from $3.130B-$3.370B to $2.398B-$2.580B vs $3.440B Est

CCJ's Uranium Production Down 5% in 1H26: Will 2026 Targets be Met?

Cameco Corporation reported a 5% decline in H1 2026 uranium production to 10.1 million pounds, with mixed performance across operations. McArthur River/Key Lake production rose 14% to 5.8 million pounds, but Cigar Lake output fell to 4.3 million pounds due to maintenance outages and operational challenges. Despite disruptions including flooding in Saskatchewan and equipment issues, Cameco maintained its 2026 production guidance at 19.5-21.5 million pounds. Energy Fuels made solid progress with 1.7 million pounds of finished uranium in H1, tracking toward its 2026 target of 1.5-2.5 million pounds.

QUICK SPARK: Nuclear Stocks Are Up 16% In August, 3 Names Rallied By Over 30%

The VanEck Uranium and Nuclear ETF is up 16% in August, its best month since January, with Energy Fuels, Uranium Energy and Denison Mines up over 30%.

Canada-US Tariff War Puts Critical-Mineral ETFs Back in Focus

Canada’s latest tariffs could intensify focus on critical-mineral supply chains, putting copper and uranium ETFs in focus.

Shares of uranium and nuclear-related companies are trading higher, possibly in response to Ontario Premier Ford's recent statement that Canada should cut the U.S. off from high-grade nickel and refined uranium produced in Ontario. The commodity has reached a seven-month high.

Barclays Maintains Equal-Weight on Cameco, Lowers Price Target to C$135

Barclays analyst Richard Garchitorena maintains Cameco (TSX:CCO) with a Equal-Weight and lowers the price target from C$147 to C$135.

Cameco Raises FY2026 Sales Guidance from $2.245B-$2.417B to $2.398B-$2.580B vs $2.390B Est