Cameco (CCJ) News Today

Cameco Corporation (CCJ) — Shares moved lower today after a mix of bullish headlines earlier in the week and fresh bearish signs (notably a surge in put-option activity and critical analyst comparisons). Trading volume was elevated, suggesting short-term positioning and hedging drove much of the move.

• Positive Sentiment: Reached a fresh 52-week high after a price‑target update and positive coverage, which had supported upside momentum earlier this week. Cameco Hits a Fresh High
• Positive Sentiment: Cameco reiterated strong FY25 uranium revenue guidance (CAD 2.8–3.0B) driven by higher realized prices, supporting medium‑term cash flow expectations despite lower production. FY25 Uranium Sales Target
• Neutral Sentiment: Analysts issued updated Q3 estimates (Desjardins flagged a modest EPS view), reflecting mixed near‑term expectations that could temper upside until results are known. Analysts Issue Forecasts
• Neutral Sentiment: Company’s fuel‑services segment was highlighted as a “hidden gem” in longer‑term coverage — a potential structural positive but not an immediate catalyst. Fuel Services Analysis
• Negative Sentiment: Unusually large put‑option volume: traders bought ~28,210 puts (≈+942% vs. average), a clear bearish/hedging signal that likely amplified selling pressure and downside gamma into today’s session. Put Options Surge
• Negative Sentiment: Relative‑value criticism: some analysts prefer Centrus (LEU) due to its HALEU positioning, arguing Centrus may capture more near‑term growth, which pressures investor sentiment for CCJ. LEU vs CCJ Comparison
• Negative Sentiment: Market alerts noted intraday share declines over the past two sessions, reflecting profit‑taking after the fresh highs and the sudden options‑market shift. Shares Down Coverage

Bottom line for investors: positive fundamental headlines (strong uranium pricing and revenue guidance, price‑target upgrades) set a higher baseline, but heavy put buying, competitive concerns (HALEU), and mixed near‑term estimates triggered profit‑taking and amplified the decline today. Watch options flow, quarterly guidance detail, and any follow‑up analyst notes for the next directional clues.