Cameco (NYSE:CCJ) Hits New 12-Month Low – Here’s What Happened

Posted by Brenda Bartman on Nov 7th, 2026

Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) reached a new 52-week low during trading on Thursday. The company traded as low as $68.17 and last traded at $67.8730, with a volume of 1,045,142 shares trading hands. The stock had previously closed at $71.68.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CCJ shares. Weiss Ratings upgraded Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Truist Financial decreased their target price on Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Jefferies Financial Group initiated coverage on Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price for the company. Zacks Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.38.

View Our Latest Research Report on Cameco

Cameco Stock Up 4.4%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.55. The firm has a fifty day simple moving average of $87.26 and a 200-day simple moving average of $103.15. The company has a market capitalization of $31.07 billion, a PE ratio of 108.09, a P/E/G ratio of 1.56 and a beta of 1.18.

Cameco Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a C$0.24 dividend. This represents a dividend yield of 22.0%. The ex-dividend date is Monday, November 30th. Cameco’s payout ratio is 25.76%.

Institutional Trading of Cameco

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new stake in shares of Cameco in the 2nd quarter worth about $735,498,000. Canada Pension Plan Investment Board bought a new position in shares of Cameco during the second quarter worth about $420,346,000. Alps Advisors Inc. lifted its position in shares of Cameco by 32.5% during the third quarter. Alps Advisors Inc. now owns 4,701,559 shares of the basic materials company’s stock worth $407,484,000 after purchasing an additional 1,154,270 shares during the last quarter. BlackRock Inc. acquired a new position in Cameco in the second quarter worth about $381,091,000. Finally, Cibc World Market Inc. acquired a new position in Cameco in the second quarter worth about $354,022,000. 70.21% of the stock is owned by institutional investors and hedge funds.