Shares of Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) have been given an average rating of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $147.38.
A number of equities research analysts have recently commented on CCJ shares. Citigroup restated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Jefferies Financial Group assumed coverage on Cameco in a report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price target for the company. Zacks Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a report on Saturday, September 19th.
Key Cameco News
Here are the key news stories impacting Cameco this week:
- Positive Sentiment: Investors bought 152,544 call options on Friday—nearly five times the average daily volume. This suggests increased bullish positioning, though options activity does not guarantee a stock move.
- Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in analyst sentiment.
- Neutral Sentiment: Management highlighted disciplined uranium pricing, tight nuclear-fuel supplies and Westinghouse growth opportunities on its Q3 earnings call, but also acknowledged higher costs and weaker quarterly earnings. Cameco Q3 Earnings Call Highlights Uranium Pricing Discipline
- Negative Sentiment: Scotiabank cut its FY2026 EPS forecast to $0.64 from $0.85 and FY2027 to $1.29 from $1.44, adding pressure to the earnings outlook.
- Negative Sentiment: Cameco renewed its at-the-market equity program, which gives it the option to sell shares and raise capital but could dilute existing shareholders if used. Cameco Reports Document Filing
- Negative Sentiment: A recent earnings analysis points to a gap between an approximately $89 market uranium price and Cameco’s roughly $66 selling price, a factor that may delay the benefit of stronger spot prices flowing through to results. Cameco Earnings Analysis
Cameco Trading Up 4.4%
Shares of Cameco stock opened at $71.34 on Friday. The firm has a 50-day simple moving average of $87.26 and a two-hundred day simple moving average of $103.15. The company has a market cap of $31.07 billion, a P/E ratio of 108.09, a price-to-earnings-growth ratio of 1.63 and a beta of 1.18. Cameco has a fifty-two week low of $66.06 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.55.
Cameco Dividend Announcement
The firm also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of C$0.24 per share. This represents a dividend yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s dividend payout ratio is presently 25.76%.
Institutional Trading of Cameco
Institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC grew its stake in shares of Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after buying an additional 107 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Cameco by 0.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,123 shares of the basic materials company’s stock valued at $1,540,000 after buying an additional 125 shares during the period. QRG Capital Management Inc. raised its position in shares of Cameco by 4.1% during the 1st quarter. QRG Capital Management Inc. now owns 3,414 shares of the basic materials company’s stock valued at $371,000 after buying an additional 134 shares during the period. Novem Group lifted its holdings in Cameco by 5.1% in the third quarter. Novem Group now owns 2,854 shares of the basic materials company’s stock valued at $247,000 after acquiring an additional 138 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in Cameco by 9.3% in the first quarter. Bessemer Group Inc. now owns 1,763 shares of the basic materials company’s stock valued at $192,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.
Cameco Company Profile
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