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Cameco Corporation (CCJ) has experienced a significant stock increase of 41.5% year-to-date, surpassing the mining industry’s growth of 17.3% and the S&P 500’s rise of 5.9% for the same period. As of now, CCJ’s stock trades above both the 50-day and 200-day simple moving averages, signaling a bullish trend.
In the uranium sector, CCJ has outperformed peers such as Energy Fuels (UUUU) with a year-to-date gain of 27.4%, while Ur Energy (URG) has been flat, and Uranium Energy (UEC) has seen a slight decline of 0.5%.
For 2025, Cameco anticipates a production target of 22.4 million pounds of uranium, with a total production from its mines projected at 18 million pounds from McArthur River and 9.8 million pounds from Cigar Lake. Despite challenges, CCJ maintains its production guidance amid fluctuations in uranium prices, which currently stand at $74.5 per pound.
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