Cameco’s stock hit an all-time high driven by uranium’s soaring commodity price. The Canadian miner saw a 250% surge in price over three years, outpacing the S&P 500. Revenue declined post-Fukushima but rebounded with a 29% CAGR from 2021-2024, bolstered by uranium prices hitting $78.50 in 2024.

Demand for uranium rose as global supply shrank. Russia and Kazatomprom curtailed production, while new nuclear energy plans boosted demand. Cameco’s stake in Westinghouse Electric offsets mining volatility. Analysts project 8% revenue CAGR from 2024-2027. Stock valued at 25x adjusted EBITDA, poised for growth.

Global challenges maintain high uranium prices. Cameco expects to benefit from cloud and AI data center growth. A stake in Global Laser Enrichment positions it as a nuclear power one-stop shop. IAEA forecasts global nuclear capacity to expand 2.5x by 2050, offering long-term growth potential for Cameco.

Analysts predict Cameco’s revenue to grow by 8% from 2024-2027. Its adjusted EBITDA is expected to have a 16% CAGR. Despite trading near its all-time high, the stock is valued at 25 times this year’s adjusted EBITDA, indicating potential for further growth over the next three years.

Read more at Yahoo Finance: Where Will Cameco Stock Be in 3 Years?