Cameco (CCJ)
Market Price (3/30/2026): $103.3 | Market Cap: $45.0 BilSector: Energy | Industry: Coal & Consumable Fuels
Cameco (CCJ)
Market Price (3/30/2026): $103.3Market Cap: $45.0 BilSector: EnergyIndustry: Coal & Consumable Fuels
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% | Expensive valuation multiplesP/SPrice/Sales ratio is 13x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 51x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 32x, P/EPrice/Earnings or Price/(Net Income) is 77x |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, Datacenter Power, and US Energy Independence. Themes include Nuclear Power Generation Fuel, Show more. | Stock price has recently run up significantly12M Rtn12 month market price return is 149% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% | |
| Key risksCCJ key risks include [1] operational and supply chain disruptions at its key Inkai and McArthur River mines and [2] the potential impact of U.S. Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, Datacenter Power, and US Energy Independence. Themes include Nuclear Power Generation Fuel, Show more. |
| Expensive valuation multiplesP/SPrice/Sales ratio is 13x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 51x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 32x, P/EPrice/Earnings or Price/(Net Income) is 77x |
| Stock price has recently run up significantly12M Rtn12 month market price return is 149% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5% |
| Key risksCCJ key risks include [1] operational and supply chain disruptions at its key Inkai and McArthur River mines and [2] the potential impact of U.S. Show more. |
Qualitative Assessment
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Cameco (CCJ) stock has gained about 20% since 11/30/2025 because of the following key factors:
1. Strong Q4 2025 Financial Performance: Cameco significantly surpassed analyst expectations for the fourth quarter of 2025, reporting an Earnings Per Share (EPS) of $0.36, beating consensus estimates of $0.29 by $0.07. Quarterly revenue also exceeded forecasts, reaching $874.57 million against an estimated $782.13 million. This strong finish contributed to a 115% increase in annual adjusted net earnings for 2025 compared to the previous year.
2. Robust Uranium Market Fundamentals: The uranium market demonstrated strengthening fundamentals during the period, with the long-term contract price hitting a 14-year high of $86.50 per pound in December 2025. Global reactor demand for uranium reached approximately 179 million pounds in 2025, outstripping primary mine supply of about 160 million pounds, signaling a widening market deficit and upward pressure on prices.
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1. Strong Q4 2025 Financial Performance: Cameco significantly surpassed analyst expectations for the fourth quarter of 2025, reporting an Earnings Per Share (EPS) of $0.36, beating consensus estimates of $0.29 by $0.07. Quarterly revenue also exceeded forecasts, reaching $874.57 million against an estimated $782.13 million. This strong finish contributed to a 115% increase in annual adjusted net earnings for 2025 compared to the previous year.
2. Robust Uranium Market Fundamentals: The uranium market demonstrated strengthening fundamentals during the period, with the long-term contract price hitting a 14-year high of $86.50 per pound in December 2025. Global reactor demand for uranium reached approximately 179 million pounds in 2025, outstripping primary mine supply of about 160 million pounds, signaling a widening market deficit and upward pressure on prices.
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Stock Movement Drivers
Fundamental Drivers
The 17.6% change in CCJ stock from 11/30/2025 to 3/29/2026 was primarily driven by a 11.5% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 88.34 | 103.92 | 17.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,464 | 3,482 | 0.5% |
| Net Income Margin (%) | 15.2% | 16.9% | 11.5% |
| P/E Multiple | 73.1 | 76.7 | 5.0% |
| Shares Outstanding (Mil) | 435 | 435 | 0.0% |
| Cumulative Contribution | 17.6% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CCJ | 17.6% | |
| Market (SPY) | -5.3% | 53.4% |
| Sector (XLE) | 39.5% | 17.1% |
Fundamental Drivers
The 34.6% change in CCJ stock from 8/31/2025 to 3/29/2026 was primarily driven by a 21.9% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 77.18 | 103.92 | 34.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3,570 | 3,482 | -2.5% |
| Net Income Margin (%) | 14.9% | 16.9% | 13.3% |
| P/E Multiple | 63.0 | 76.7 | 21.9% |
| Shares Outstanding (Mil) | 435 | 435 | 0.0% |
| Cumulative Contribution | 34.6% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CCJ | 34.6% | |
| Market (SPY) | 0.6% | 43.3% |
| Sector (XLE) | 40.8% | 3.1% |
Fundamental Drivers
The 136.6% change in CCJ stock from 2/28/2025 to 3/29/2026 was primarily driven by a 306.5% change in the company's Net Income Margin (%).| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.92 | 103.92 | 136.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,796 | 3,482 | 24.5% |
| Net Income Margin (%) | 4.2% | 16.9% | 306.5% |
| P/E Multiple | 164.1 | 76.7 | -53.2% |
| Shares Outstanding (Mil) | 435 | 435 | -0.1% |
| Cumulative Contribution | 136.6% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CCJ | 136.6% | |
| Market (SPY) | 9.8% | 43.7% |
| Sector (XLE) | 42.1% | 19.9% |
Fundamental Drivers
The 282.6% change in CCJ stock from 2/28/2023 to 3/29/2026 was primarily driven by a 164.0% change in the company's Net Income Margin (%).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.16 | 103.92 | 282.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,809 | 3,482 | 92.5% |
| Net Income Margin (%) | 6.4% | 16.9% | 164.0% |
| P/E Multiple | 93.3 | 76.7 | -17.7% |
| Shares Outstanding (Mil) | 398 | 435 | -8.5% |
| Cumulative Contribution | 282.6% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CCJ | 282.6% | |
| Market (SPY) | 69.4% | 42.5% |
| Sector (XLE) | 65.5% | 24.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CCJ Return | 63% | 4% | 90% | 19% | 79% | 14% | 691% |
| Peers Return | 91% | -10% | 52% | -1% | 122% | 12% | 538% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| CCJ Win Rate | 58% | 42% | 75% | 58% | 67% | 33% | |
| Peers Win Rate | 62% | 42% | 63% | 50% | 68% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| CCJ Max Drawdown | -8% | -16% | -1% | -14% | -29% | 0% | |
| Peers Max Drawdown | -9% | -36% | -22% | -30% | -33% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: UEC, UUUU, NXE, DNN, LEU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | CCJ | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -34.8% | -25.4% |
| % Gain to Breakeven | 53.4% | 34.1% |
| Time to Breakeven | 396 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -42.1% | -33.9% |
| % Gain to Breakeven | 72.7% | 51.3% |
| Time to Breakeven | 29 days | 148 days |
| 2018 Correction | ||
| % Loss | -39.3% | -19.8% |
| % Gain to Breakeven | 64.7% | 24.7% |
| Time to Breakeven | 1,138 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.8% | -56.8% |
| % Gain to Breakeven | 370.8% | 131.3% |
| Time to Breakeven | 5,809 days | 1,480 days |
Compare to UEC, UUUU, NXE, DNN, LEU
In The Past
Cameco's stock fell -34.8% during the 2022 Inflation Shock from a high on 4/13/2022. A -34.8% loss requires a 53.4% gain to breakeven.
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About Cameco (CCJ)
Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
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It's like Rio Tinto or BHP, but they explore for, mine, and mill uranium.
It's like ExxonMobil, but for uranium, handling everything from mining to fuel processing for nuclear power plants.
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- Uranium Concentrate: Cameco explores for, mines, mills, purchases, and sells uranium concentrate, which is the primary raw material for nuclear fuel.
- Uranium Refining and Conversion Services: The company refines and converts uranium concentrate into various forms, making it suitable for further processing into nuclear fuel.
- Uranium Fabrication Services: Cameco fabricates processed uranium into finished fuel assemblies or other components required for nuclear reactors.
- CANDU Fuel Bundles and Reactor Components: The company produces specialized fuel bundles and other components specifically designed for CANDU (CANada Deuterium Uranium) nuclear reactors.
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Cameco (CCJ) Major Customers
Cameco (CCJ) primarily sells its uranium and fuel services to other companies, specifically **nuclear utilities** across the Americas, Europe, and Asia. Due to commercial confidentiality agreements, Cameco does not publicly disclose the specific names of its individual major customers.
However, major public nuclear utilities that operate in the regions Cameco serves and represent the type of large-scale customer that would contract with a primary uranium producer and fuel services provider like Cameco include:
- Constellation Energy (CEG) - A leading clean energy company and the largest producer of carbon-free energy in the United States.
- Korea Electric Power Corporation (KEP) - The largest electric utility in South Korea, operating a significant number of nuclear power plants.
- EDF (EPA: EDF) - A major French electric utility company, primarily owned by the French state, and one of the largest producers of nuclear power globally, especially in Europe.
- China National Nuclear Power (SSE: 601985) - A leading Chinese state-owned enterprise engaged in the investment, construction, operation, and management of nuclear power plants in China.
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- Honeywell International Inc. (HON)
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Tim Gitzel has served as Chief Executive Officer of Cameco since July 2011. He joined Cameco in January 2007 as senior vice-president and chief operating officer, and was appointed President in May 2010. Prior to joining Cameco, Mr. Gitzel was executive vice-president of the mining business unit for Orano (formerly AREVA) in Paris, France, where he was responsible for global uranium, gold, exploration, and decommissioning operations across 11 countries. He also served as President and CEO of Orano's Canadian subsidiary. Mr. Gitzel has over 30 years of senior management experience in the Canadian and international nuclear energy sector. He has held the helm of several companies, including President & CEO of COGEMA Resources, Inc. (now Areva Resources Canada) from 2001 to 2004.
Heidi Shockey, Senior Vice-President and Chief Financial Officer
Heidi Shockey was appointed Senior Vice-President and Chief Financial Officer in September 2025. She joined Cameco in 2005 and has held increasingly senior leadership roles, including Senior Vice-President and Deputy Chief Financial Officer (appointed February 2023) and Vice-President, Controller since 2013. Her portfolio has encompassed financial reporting, FP&A, tax, treasury, and risk. Before joining Cameco, Ms. Shockey worked at PwC and held positions as Controller and Assistant Vice President Finance in the hospitality industry. She earned a Bachelor of Commerce from the University of Saskatchewan and her Chartered Professional Accountant designation in 1994.
Grant Isaac, President and Chief Operating Officer
Grant Isaac was appointed President and Chief Operating Officer in September 2025. Prior to this role, he served as Executive Vice-President and Chief Financial Officer, a position he held since July 2011, and joined Cameco in July 2009 as senior vice-president, corporate services. In his current role, Mr. Isaac provides executive oversight for all Cameco operations, exploration, and corporate development, as well as the company's commercial and financial strategy. Before joining Cameco, he was a professor at the Edwards School of Business, University of Saskatchewan, and was appointed Dean of the school in 2006. He holds a BA and MA in economics from the University of Saskatchewan and a PhD from the London School of Economics.
Rachelle Girard, Senior Vice-President and Chief Corporate Officer
Rachelle Girard was appointed Senior Vice-President and Chief Corporate Officer in July 2024. She has been with Cameco since 2006, holding progressively senior leadership positions, including Vice-President, Investor Relations since 2018. Her responsibilities have included oversight for human resources, internal audit, investor relations, and supply chain management. Prior to Cameco, Ms. Girard worked at the University of Saskatchewan's industry liaison office, focusing on commercializing early-stage technologies, and also gained experience in finance and human resources for an agricultural biotechnology start-up company.
R. Liam Mooney, Senior Vice-President and Chief Legal Officer
R. Liam Mooney was appointed Senior Vice-President and Chief Legal Officer of Cameco on September 1, 2025. He joined Cameco's legal department in 2005 and became vice-president, safety, health, environment and regulatory relations in 2011. Before joining Cameco, Mr. Mooney practiced law with two national law firms in Calgary. He received a law degree from the University of Saskatchewan in 1998 and clerked with the Saskatchewan Court of Appeal.
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The key risks to Cameco's business include volatility in uranium prices influenced by geopolitical factors, operational challenges impacting production, and risks associated with the integration and ongoing negotiations related to its Westinghouse acquisition.
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Uranium Price Volatility and Geopolitical Factors: Cameco's financial performance is highly sensitive to the global price of uranium. A significant risk is a potential drop in uranium prices, which could occur if sanctions on Russian uranium supply are lifted or if major producers, such as Kazakhstan's Kazatomprom, increase their supply. Geopolitical uncertainties also play a crucial role in influencing the supply and demand dynamics of the uranium market, directly impacting prices and, consequently, Cameco's earnings.
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Operational Challenges and Production Shortfalls: The company faces inherent operational and technical challenges at its mining and milling facilities, which have historically led to production shortfalls and a reduction in production guidance. Specifically, issues at key assets like the Cigar Lake and Key Lake mines have affected productivity. Furthermore, a long-term risk exists with the anticipated declining output from significant mines such as Cigar Lake and McArthur River within the next decade.
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Acquisition Integration and Negotiation Challenges: Cameco has experienced financial impacts from its Westinghouse acquisition, with purchase accounting related to this acquisition contributing to a significant drop in net earnings in 2024. More recently, stalled negotiations with Westinghouse have directly led to a decline in Cameco's share price and raised concerns about its strategic position within the nuclear industry. These ongoing integration and negotiation challenges represent a key risk to the company's financial and strategic outlook.
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The addressable markets for Cameco's main products and services are global, given the company sells to nuclear utilities in the Americas, Europe, and Asia.
For its Uranium segment, which involves the exploration, mining, milling, and sale of uranium concentrate, the global uranium market was valued at approximately USD 15.57 billion in 2024 and is projected to grow to USD 21.78 billion by 2033.
For its Fuel Services segment, which includes the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services, the broader global nuclear fuel market is a relevant addressable market. This market was valued at approximately USD 34.5 billion in 2025 and is forecasted to reach USD 43.9 billion by 2032.
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Here are 3-5 expected drivers of future revenue growth for Cameco (CCJ) over the next 2-3 years:
- Increasing Uranium Prices: The uranium market is experiencing significant price appreciation, with spot prices surging and expected to reach $90-$100 per pound by the end of 2025, potentially exceeding $110 per pound in 2026. This upward trend in uranium prices is a key driver for Cameco's revenue growth, as higher realized prices directly translate to increased profitability from its uranium segment.
- Growing Global Demand for Nuclear Energy: The global nuclear power sector is undergoing a resurgence, driven by factors such as energy security, climate change concerns, geopolitical stability, and the increasing need for reliable baseload power to support energy-intensive applications like AI data centers. This expanding demand for nuclear energy worldwide is projected to lead to a significant surge in uranium requirements by 2030, directly benefiting Cameco through increased sales volumes.
- Robust Long-Term Contracting Strategy: Cameco's strategy of securing long-term contracts with utilities, often including price floors and ceilings, provides a stable and predictable revenue stream. The company has significant committed uranium deliveries, averaging approximately 28 million pounds per year for 2026-2030, and had secured long-term contracts for around 230 million pounds of uranium and 83 million kgU of UF6 as of December 31, 2025. This strong contracting activity ensures consistent demand and revenue for its uranium and fuel services segments.
- Increased Production Capacity and Potential Expansions: While uranium production in 2026 is forecast to be in line with 2025 levels, Cameco possesses significant licensed capacity at its McArthur River mine, which is expected to reach 14.5-16 million pounds this year with a licensed capacity of 25 million pounds. Furthermore, there is expansion potential at other Tier 1 and Tier 2 assets, including Rabbit Lake and U.S. ISR operations, which could collectively add 6-8 million pounds annually. The Global Laser Enrichment (GLE) project also holds the potential to contribute up to 5 million pounds of uranium and conversion capacity. These underutilized and expandable capacities offer substantial future growth potential as market conditions continue to strengthen.
- Value Contribution from Westinghouse Investment: Cameco's strategic investment in Westinghouse Electric continues to contribute significantly to its financial performance through adjusted EBITDA and cash distributions. Westinghouse's involvement in new reactor projects globally, particularly with opportunities for AP1000 reactor deployment, is expected to generate substantial future EBITDA, reinforcing the long-term value and revenue contribution from this segment to Cameco.
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Share Repurchases
- Cameco did not report any significant share repurchase programs over the last 3-5 years.
- The company's shares outstanding showed a minor decline of 0.09% in 2025 from 2024, and a minor increase of 0.14% in 2024 from 2023.
Share Issuance
- Cameco's shares outstanding increased by 6.93% in 2023 from 2022.
- Shares outstanding for the quarter ending September 30, 2025, were 0.435 billion.
Outbound Investments
- In 2023, Cameco acquired a 49% stake in Westinghouse Electric Company through a joint venture with Brookfield, becoming vertically integrated across the nuclear value chain.
- The Westinghouse investment contributed significantly to Cameco's adjusted EBITDA and cash distributions in 2025.
- Cameco received US$171.5 million from a cash distribution related to Westinghouse's participation in the Dukovany construction project in the Czech Republic in October 2025.
Capital Expenditures
- Cameco's capital expenditures for fiscal years ending December 2020 to 2024 averaged $101.6 million, increasing annually from $60.878 million in 2020 to $147.2 million in 2024.
- For the latest twelve months ending September 30, 2025, capital expenditures were $207.2 million.
- Expected capital expenditures for 2026 are guided between $490 million and $540 million, an increase from 2025 levels, with a strategic focus on modernizing and reinforcing the long-term reliability of Westinghouse's operations, supporting AP1000 readiness, operational stability, and advanced fuel designs.
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|---|---|---|---|---|---|---|---|
| 12262025 | TPL | Texas Pacific Land | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 82.3% | 82.3% | -2.1% |
| 12122025 | NOV | NOV | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 23.6% | 23.6% | -6.5% |
| 12122025 | RIG | Transocean | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 56.9% | 56.9% | -7.0% |
| 11212025 | WHD | Cactus | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 31.6% | 31.6% | 0.0% |
| 10172025 | OVV | Ovintiv | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 41.7% | 41.7% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.27 |
| Mkt Cap | 5.2 |
| Rev LTM | 43 |
| Op Inc LTM | -88 |
| FCF LTM | -120 |
| FCF 3Y Avg | -73 |
| CFO LTM | -58 |
| CFO 3Y Avg | -44 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.5% |
| Rev Chg 3Y Avg | 19.9% |
| Rev Chg Q | -3.6% |
| QoQ Delta Rev Chg LTM | -1.2% |
| Op Mgn LTM | -153.4% |
| Op Mgn 3Y Avg | -95.8% |
| QoQ Delta Op Mgn LTM | -23.9% |
| CFO/Rev LTM | -135.7% |
| CFO/Rev 3Y Avg | -77.6% |
| FCF/Rev LTM | -214.3% |
| FCF/Rev 3Y Avg | -156.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.2 |
| P/S | 63.7 |
| P/EBIT | -21.7 |
| P/E | -18.4 |
| P/CFO | -45.9 |
| Total Yield | -1.7% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -2.8% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -14.7% |
| 3M Rtn | 15.6% |
| 6M Rtn | 13.4% |
| 12M Rtn | 158.2% |
| 3Y Rtn | 258.0% |
| 1M Excs Rtn | -6.9% |
| 3M Excs Rtn | 22.1% |
| 6M Excs Rtn | 14.2% |
| 12M Excs Rtn | 131.3% |
| 3Y Excs Rtn | 213.0% |
Price Behavior
Price Behavior
| Market Price | $103.92 | |
| Market Cap ($ Bil) | 45.2 | |
| First Trading Date | 03/14/1996 | |
| Distance from 52W High | -22.5% | |
| 50 Days | 200 Days | |
| DMA Price | $116.44 | $91.90 |
| DMA Trend | up | up |
| Distance from DMA | -10.8% | 13.1% |
| 3M | 1YR | |
| Volatility | 57.7% | 54.7% |
| Downside Capture | 1.30 | 1.04 |
| Upside Capture | 369.39 | 219.28 |
| Correlation (SPY) | 51.3% | 42.5% |
CCJ Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.09 | 1.85 | 2.08 | 1.95 | 1.15 | 1.26 |
| Up Beta | 2.45 | 1.43 | 1.41 | 0.94 | 0.85 | 0.96 |
| Down Beta | 0.84 | 1.64 | 1.85 | 1.50 | 1.02 | 1.34 |
| Up Capture | 176% | 361% | 400% | 414% | 356% | 488% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 10 | 25 | 35 | 66 | 136 | 392 |
| Down Capture | 289% | 96% | 141% | 175% | 109% | 106% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 11 | 16 | 25 | 57 | 114 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCJ | |
|---|---|---|---|---|
| CCJ | 141.8% | 54.5% | 1.80 | - |
| Sector ETF (XLE) | 37.0% | 24.9% | 1.22 | 19.0% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 42.5% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 27.9% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 26.9% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 16.2% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 27.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCJ | |
|---|---|---|---|---|
| CCJ | 43.1% | 49.6% | 0.90 | - |
| Sector ETF (XLE) | 25.3% | 26.1% | 0.86 | 36.6% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 44.6% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 25.0% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 29.8% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 24.9% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 22.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CCJ | |
|---|---|---|---|---|
| CCJ | 23.9% | 46.2% | 0.64 | - |
| Sector ETF (XLE) | 11.4% | 29.4% | 0.42 | 37.6% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 40.4% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 18.3% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 30.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 25.3% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 14.7% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 07/31/2025 | 6-K |
| 03/31/2025 | 05/01/2025 | 6-K |
| 12/31/2024 | 03/21/2025 | 40-F |
| 09/30/2024 | 11/07/2024 | 6-K |
| 06/30/2024 | 07/31/2024 | 6-K |
| 03/31/2024 | 04/30/2024 | 6-K |
| 12/31/2023 | 03/22/2024 | 40-F |
| 09/30/2023 | 10/31/2023 | 6-K |
| 06/30/2023 | 08/02/2023 | 6-K |
| 03/31/2023 | 04/28/2023 | 6-K |
| 12/31/2022 | 03/29/2023 | 40-F |
| 09/30/2022 | 10/27/2022 | 6-K |
| 06/30/2022 | 07/27/2022 | 6-K |
| 03/31/2022 | 05/05/2022 | 6-K |
| 12/31/2021 | 03/22/2022 | 40-F |
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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