Many sell-side analysts project a 15–20% upside for Cameco stock forecast 2025, citing macro catalysts like decarbonization commitments and nuclear licensing acceleration. On the whole, we do feel that Cameco has some positive attributes. With a high rate of reinvestment, albeit at a low ROE, the company has managed to see a considerable growth in its earnings. Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. When Prime Minister Mark Carney met with Donald Trump in the White House in early May, the U.S. President rambled off a list of products, including cars and steel, that he said the United States did not need from Canada. Uranium was not on that list. Institutional buying trends ahead of 2025 suggest funds are positioning Cameco as a core holding in clean energy portfolios, increasing demand-side pressure on share valuation.