10 Best Nuclear Energy Stocks to Buy According to Billionaires

5. Cameco Corporation (NYSE:CCJ)

Number of Billionaire Holders: 13

Cameco Corporation (NYSE:CCJ) is one of the largest global providers of uranium fuel with a licensed capacity to produce more than 53 million pounds of uranium concentrates annually, backed by more than 464 million pounds of proven and probable mineral reserves.

Cameco Corporation (NYSE:CCJ) reported better-than-expected results in Q4 2024 as its adjusted EPS of $0.25 topped expectations by $0.03. The company’s revenue also increased by over 33% YoY to $834.83 million, beating estimates by $68.38 million. Cameco’s full-year 2024 revenue also shot up 21% primarily due to higher prices. The company’s average realized price rose 17% to $58.34 per pound while its sales volumes grew 5% in 2024.

Cameco Corporation (NYSE:CCJ) delivered 33.6 million pounds of uranium last year and expects 36 million pounds in total in 2025. The company’s long-term contracts stood at nearly 220 million pounds at the end of 2024, and it already has a large pipeline under discussion.

Cameco Corporation (NYSE:CCJ) ended FY 2024 with $600 million in cash and cash equivalents and $1.3 billion in total debt. The company raised its annual dividend from $0.12 per share in 2023 to $0.16 per share in 2024.