Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) has been given an average recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $148.92.
Several analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce lifted their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 target price on shares of Cameco in a research report on Monday, June 15th.
Check Out Our Latest Analysis on Cameco
Cameco Trading Down 0.2%
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $607.49 million during the quarter, compared to the consensus estimate of $598.63 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Cameco will post 1.21 earnings per share for the current fiscal year.
Institutional Trading of Cameco
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Cameco in the fourth quarter valued at approximately $443,265,000. Marshall Wace LLP grew its holdings in Cameco by 7,481.3% during the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock worth $160,343,000 after buying an additional 1,729,454 shares in the last quarter. Van ECK Associates Corp raised its position in Cameco by 43.3% in the 3rd quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock valued at $456,530,000 after buying an additional 1,644,061 shares during the last quarter. Mizuho Markets Cayman LP purchased a new stake in Cameco in the 3rd quarter valued at $128,370,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Cameco by 14,338.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,112,080 shares of the basic materials company’s stock valued at $101,744,000 after acquiring an additional 1,104,378 shares in the last quarter. 70.21% of the stock is owned by institutional investors.
Cameco Company Profile
Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.
The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.
Featured Articles
- Five stocks we like better than Cameco
- Visa’s Open USD Push Puts Circle’s Stablecoin Moat Under Pressure
- This Under-the-Radar Industrial Is Quietly Powering AI
- Why Microsoft Looks Like the Best Big Tech Trade for H2 2026
- Strategy’s Bitcoin Pivot Gives Investors a New Reason to Watch Preferred Shares
Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.
