Research Analysts Issue Forecasts for Cameco FY2026 Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Equities research analysts at National Bank Financial boosted their FY2026 earnings estimates for Cameco in a note issued to investors on Sunday, April 27th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings of $1.33 per share for the year, up from their prior forecast of $1.20. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. National Bank Financial also issued estimates for Cameco's FY2027 earnings at $1.43 EPS.

A number of other analysts have also recently issued reports on CCJ. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Sanford C. Bernstein began coverage on Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. Desjardins started coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. Finally, Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $70.03.

Cameco Stock Down 0.8 %

NYSE:CCJ traded down $0.35 during midday trading on Wednesday, hitting $46.66. 1,457,036 shares of the company were exchanged, compared to its average volume of 4,060,948. The company has a fifty day simple moving average of $42.15 and a 200 day simple moving average of $49.15. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company has a market capitalization of $20.31 billion, a PE ratio of 166.79 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Cameco's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS.

Institutional Trading of Cameco

Several institutional investors and hedge funds have recently made changes to their positions in CCJ. FMR LLC raised its stake in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after buying an additional 270,102 shares during the period. Alliancebernstein L.P. boosted its position in Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Finally, Norges Bank purchased a new stake in Cameco in the 4th quarter worth approximately $188,595,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.