Cameco (TSE:CCO) Rating Increased to Hold at Barclays

Posted by Francis Steltz on May 23rd, 2026

Barclays upgraded shares of Cameco (TSE:CCO – Free Report) (NYSE:CCJ) to a hold rating in a report released on Thursday,Zacks.com reports.

A number of other brokerages have also recently weighed in on CCO. Scotia raised their price target on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Desjardins lifted their target price on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Berenberg Bank cut their target price on shares of Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. Finally, Sanford C. Bernstein lifted their target price on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$174.50.

Get Our Latest Stock Report on Cameco

Cameco Trading Down 0.3%

TSE:CCO opened at C$144.63 on Thursday. The stock has a fifty day moving average price of C$155.73 and a two-hundred day moving average price of C$147.66. The stock has a market capitalization of C$62.99 billion, a price-to-earnings ratio of 97.07, a PEG ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. Cameco has a 1 year low of C$76.19 and a 1 year high of C$182.72.

Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.The business had revenue of C$845.37 million during the quarter.

About Cameco

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Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.

Cameco (TSE:CCO) Rating Increased to Hold at Barclays

Cameco Trading Down 0.3%

About Cameco

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