UEC vs CCJ: Uranium Energy Corp vs Cameco Corporation Compared

Uranium Energy Corp (UEC) vs Cameco (CCJ) compared side by side — resources, AISC, EV per pound, and valuation — plus which suits which type of uranium investor.

Informational only — not investment advice.

UECCCJ
Stagedeveloperproducer
Total resources86.2 Mlbs259.9 Mlbs
AISC$38/lb$34.5/lb
EV / lb resource$1.92/lb$4.85/lb
Price / NAV1.8x2.1x
Operating margin-8.5%24.5%

Which suits which investor?

CCJ (Cameco) is the lower-risk, large-cap producer with real revenue, tier-1 Athabasca mines, and long-term utility contracts — the blue-chip way to hold uranium. UEC (Uranium Energy Corp) is a US-focused, near-production developer that offers more leverage to rising prices and more development risk. Lower-volatility investors tend to favor CCJ; those wanting domestic-US, higher-beta exposure look at UEC.