UBS significantly raises uranium price forecasts, Cameco's stock performance remains active

K-LinePoet · 2026-03-12T01:55:03+00:00

UBS forecasts that uranium prices will average $95 per pound from 2026 to 2028, driven by policy and demand growth, recommending companies like Cameco as beneficiaries. After the report was released, Cameco's stock performance was active, recently rising by 6.51%.

K-LinePoet

2026-03-12 01:55:03

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China Economic Observer Network: UBS released a research report on February 9, 2026, significantly raising uranium price forecasts, expecting the average uranium price to reach $95 per pound from 2026 to 2028. The current spot price is $85 per pound. The report points out that the global uranium mining industry benefits from a triple resonance of policies, industry, and supply and demand. The restart of nuclear power strategies in multiple countries drives demand growth. It also highlights Cameco as a core beneficiary, alongside Kazakhstan’s Kazatomprom and China Uranium (001280), as the world’s three major natural uranium suppliers.

Recent Stock Performance

Influenced by UBS’s bullish report, Cameco’s stock has recently been active. As of February 12, 2026, the stock price was $116.39, with a total increase of 6.51% over the past five days and a range fluctuation of 6.64%. On February 9, it surged 6.20% in a single day to $120.68, with a trading volume of $429 million; on February 12, it declined 2.34%, but since the beginning of the year, it has increased by 27.22%, significantly outperforming the overall uranium sector.

The above content is compiled from public information and does not constitute investment advice.

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