Cameco Corp (CCJ · NYSE)

Cameco shares have fallen 17.2% over the past month to $88.07, leaving the stock 34.3% below its 52-week high with an RSI of 25, after Q2 earnings of $0.13 missed estimates of $0.26 by 50% and net income fell to $25.2M from $131.1M the prior quarter. The company's valuation remains rich against deteriorating fundamentals — a P/E of 154.51, EV/EBITDA of 65.59, and trailing revenue down 7.2% YoY with earnings down 92.1% — though the balance sheet stays solid with $1.11B in cash, $1.01B in debt, and a 3.06 current ratio. Offsetting catalysts include an exclusive selling-agent agreement with Global Laser Enrichment and a potential Westinghouse listing that could lift Cameco's $2.1B stake toward $24B at the reported target valuation. Analysts maintain a $127.65 target and a "Strong Buy"-leaning average recommendation despite the recent miss.