Cameco is trading up 4.9% at €80.98 following its Q2 2026 earnings report, where the company reaffirmed its annual uranium production guidance despite flooding-related disruptions at its northern Saskatchewan mines.
- The company highlighted a strong balance sheet and robust EBITDA, while raising its forward revenue and uranium price guidance to reflect a positive nuclear demand outlook.
- Broader market sentiment is providing an additional tailwind, with major indices like the S&P 500 and Nasdaq trading more than 1% higher on August 4.