Cameco Corporation
CCO.TO
Toronto Stock Exchange138.49
CAD
-1.10
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Cameco Corporation
CCO.TO
(Toronto Stock Exchange)
Recent
price
138.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Cameco Corporation is a leading global uranium company primarily engaged in the exploration, mining, milling, refining, conversion, and sale of uranium concentrates used as fuel for nuclear power generation. It provides comprehensive nuclear fuel cycle products and services including uranium production, UO2 and UF6 conversion services, and CANDU fuel manufacturing for heavy water reactors. The company also holds a significant ownership interest in Westinghouse Electric Company, a major provider of nuclear reactor technology, services, and products including outage and maintenance services, engineering support, instrumentation and control equipment, and plant modification services supplied to commercial utilities and government agencies. Founded in 1987 and headquartered in Saskatoon, Saskatchewan, Canada, Cameco operates primarily in North America, Europe, and Asia. It focuses on supplying utilities worldwide with the uranium fuel and associated services required to generate safe, reliable, carbon-free nuclear electricity. Recent strategic developments include Cameco's partnership with Brookfield Asset Management to acquire a 49% interest in Westinghouse Electric Company, completed in November 2023. In 2025, Cameco entered a transformational strategic partnership with the United States Government and Brookfield to accelerate deployment of Westinghouse AP1000 nuclear reactors across the U.S. This partnership supports the expected growth in nuclear power driven by increasing electricity demand, including AI-driven data centers, and includes provisions for a potential Westinghouse IPO if valuation conditions are met by 2029. Cameco continues to expand its uranium production with strong output from mines such as Cigar Lake and McArthur River/Key Lake, maintaining a 2025 production target of 18 million pounds. The company also maintains a strong financial position with significant cash reserves and progress in debt reduction. Cameco's comprehensive portfolio positions it as a pure-play investment in the growing nuclear energy sector, leveraging its high-grade uranium reserves and integrated operations across the nuclear fuel cycle to meet global demand for clean, secure, and affordable energy.
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