Cameco (Uranium)
World's largest public uranium producer — rising price signals nuclear renaissance as baseload supply response.
$115.5
Trend YoY growth is +55.4%, accelerating by 3 bps/month over the last 5Y. Deviations have remained above trend for 84 consecutive periods. Latest: +199.3%, 143.9 pp above trend, a 3.1σ deviation. The latest YoY reading is boosted by 73.4 pp due to an easy comparison base from Apr 9.
Level
YoY %
y = 53.6% + 3 bps/mo · t
Deviation from trend
Forecast
Rolling 1Y trend forecast
| Forecast made in | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 | Jul '26 | Aug '26 | Sep '26 | Oct '26 | Nov '26 | Dec '26 | Jan '27 | Feb '27 | Mar '27 | Apr '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May '25 | -12.3% | -19.0% | -25.4% | -32.1% | -38.8% | -45.3% | -52.0% | -58.5% | -65.2% | -71.9% | -78.0% | -84.7% | -91.2% | -97.9% | -104.4% | -111.1% | -117.8% | -124.3% | -131.0% | -137.5% | -144.2% | -150.9% | -156.9% | -163.6% |
| Jun '25 | -7.7% | -12.3% | -17.0% | -21.7% | -26.3% | -31.0% | -35.5% | -40.3% | -45.0% | -49.2% | -53.9% | -58.5% | -63.2% | -67.8% | -72.5% | -77.2% | -81.8% | -86.5% | -91.0% | -95.8% | -100.5% | -104.7% | -109.4% | |
| Jul '25 | +6.0% | +4.1% | +2.2% | +0.3% | -1.6% | -3.4% | -5.3% | -7.2% | -9.0% | -10.9% | -12.7% | -14.6% | -16.5% | -18.4% | -20.3% | -22.1% | -24.0% | -25.9% | -27.8% | -29.7% | -31.4% | -33.3% | ||
| Aug '25 | +28.2% | +29.7% | +31.1% | +32.6% | +34.0% | +35.5% | +37.0% | +38.3% | +39.8% | +41.2% | +42.7% | +44.1% | +45.6% | +47.0% | +48.5% | +49.9% | +51.4% | +52.9% | +54.3% | +55.7% | +57.1% | |||
| Sep '25 | +48.2% | +51.9% | +55.8% | +59.5% | +63.4% | +67.2% | +70.7% | +74.5% | +78.2% | +82.1% | +85.8% | +89.7% | +93.5% | +97.2% | +101.1% | +104.8% | +108.6% | +112.5% | +115.9% | +119.8% | ||||
| Oct '25 | +63.9% | +69.5% | +75.0% | +80.7% | +86.4% | +91.5% | +97.1% | +102.6% | +108.3% | +113.8% | +119.4% | +125.1% | +130.6% | +136.2% | +141.7% | +147.4% | +153.0% | +158.2% | +163.8% | |||||
| Nov '25 | +78.0% | +85.4% | +93.1% | +100.7% | +107.6% | +115.3% | +122.7% | +130.4% | +137.8% | +145.5% | +153.1% | +160.5% | +168.2% | +175.6% | +183.3% | +190.9% | +197.9% | +205.5% | ||||||
| Dec '25 | +82.3% | +90.4% | +98.4% | +105.7% | +113.8% | +121.6% | +129.6% | +137.4% | +145.5% | +153.5% | +161.3% | +169.4% | +177.2% | +185.3% | +193.3% | +200.6% | +208.7% | |||||||
| Jan '26 | +92.8% | +101.8% | +109.9% | +119.0% | +127.7% | +136.7% | +145.5% | +154.5% | +163.5% | +172.2% | +181.3% | +190.0% | +199.0% | +208.0% | +216.2% | +225.2% | ||||||||
| Feb '26 | +114.7% | +124.6% | +135.6% | +146.3% | +157.3% | +167.9% | +178.9% | +189.9% | +200.5% | +211.5% | +222.1% | +233.1% | +244.1% | +254.0% | +265.0% | |||||||||
| Mar '26 | +139.1% | +152.3% | +165.1% | +178.3% | +191.0% | +204.2% | +217.4% | +230.2% | +243.4% | +256.1% | +269.3% | +282.5% | +294.4% | +307.6% | ||||||||||
| Apr '26 | +157.3% | +170.7% | +184.6% | +198.1% | +212.0% | +225.8% | +239.3% | +253.2% | +266.6% | +280.5% | +294.4% | +307.0% | +320.9% |