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.
| UEC | CCJ | |
|---|---|---|
| Stage | developer | producer |
| Total resources | 330 Mlbs | 555.9 Mlbs |
| AISC | $38/lb | $34.5/lb |
| EV / lb resource | $1.92/lb | $4.85/lb |
| Price / NAV | 1.8x | 2.1x |
| 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.
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