# Cameco Stock Hits 52-Week Low as Uranium Prices Rise

> Cameco's stock drops to 52-week low while uranium prices near 19-year high.
- Title: Cameco Stock Hits 52-Week Low as Uranium Prices Rise
- Summary: Cameco's stock drops to 52-week low while uranium prices near 19-year high. Cameco's stock fell to a 52-week low despite uranium prices nearing a 19-year…
- Keywords: cameco, uranium, uranium price, uranium stock, uranium miner, uranium contract, uranium price divergence, uranium supply deficit, startups, business, Stock, Hits
- Source: Startup Fortune — https://startupfortune.com/cameco-hit-a-52-week-low-even-as-uranium-neared-a-19-year-high
- Published: 2026-10-26T18:29:37+00:00
- Read time: 1 min
- Topics: cameco, uranium, uranium price, uranium stock, uranium miner, uranium contract, uranium price divergence, uranium supply deficit, startups, business
## Cameco stock drops
Cameco shares closed at $78.60 on October 23, 2026, down 42% from January 28's all-time high of $134.09.
## Uranium prices rise
Uranium spot prices near $90 a pound in October, above 2007 peak of $95.
## Contract pricing gap
Cameco's realized uranium price was $67.79 a pound, up 18% year over year but below spot prices.
## Quarterly production
Cameco delivered 7.1 million pounds of uranium in Q3, expecting 29-32 million pounds full-year.
## Valuation mismatch
Cameco trades at 40x next year's earnings, double the S&P 500's forward multiple.
## AI demand surge
AI companies signed nuclear deals committing to 10 gigawatts of capacity by 2026.
## Earnings report coming
Cameco reports Q3 results before market opens on October 30, with consensus earnings of $0.23 per share.
## Key takeaway

Cameco's stock fell to a 52-week low despite uranium prices nearing a 19-year high due to long-term contracts with fixed pricing formulas.