CCJ · NYSE · STOCK
Cameco Corporation
$98.77
52W $68.96 – $135.24
50/100
$43.00B
168.2
1.05
Is CCJ Bullish or Bearish?
Mixed.
Innellis AI committee rates Cameco Corporation (CCJ) Watch with a composite score of 50/100
, based on 6 analysts with 50% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +10.28 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -9.72 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious — revenue declining -2.7% yoy -- this is not a growth story right now. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.14) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
Bear Case
- P/E of 167.1 is expensive by classic value standards — Value
- Price-to-book of 8.0x prices in significant intangible value — Value
- Revenue declining -2.7% YoY -- this is not a growth story right now — Growth
- EPS declining -33.5% YoY despite any revenue growth — Growth
- RSI at 72 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
50/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 97%
of 90 Energy peers
Value Analyst
bearish
40
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− P/E of 167.1 is expensive by classic value standards
Growth Analyst
bearish
18
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− Revenue declining -2.7% YoY -- this is not a growth story right now
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− RSI at 72 is in overbought territory
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.14) -- balance sheet can absorb a shock
− Bollinger bandwidth of 18.8% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
72.3
Overbought
MACD Histogram
1.821
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$77.73
Resistance
$110.12
Bollinger %B
1.00
Above Upper Band
Price vs Moving Averages
EMA 9
$94.31
Above
EMA 21
$93.13
Above
EMA 50
$97.09
Above
EMA 200
$99.23
Below
Fundamental Analysis
Valuation
33
Profitability
42
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
168.2×
P/B Ratio
8.40×
PEG Ratio
-5.05
Dividend Yield
0.17%
52W High
$135.24
52W Low
$68.96
Quality & Growth
ROE
854.0%
ROA
572.3%
Gross Margin
2757.4%
Operating Margin
1425.5%
Revenue Growth YoY
—
Debt / Equity
0.14
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 168.2 (rich relative to a 15-40x range); Price-to-book of 8.4x; PEG ratio of -5.0 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 8.5%; Return on assets of 5.7%; Net margin of 10.2%; Gross margin of 27.6%; Current ratio of 3.06 (healthy short-term liquidity); Debt-to-equity of 0.14; Free cash flow per share is positive (1.16); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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