Raymond James Financial Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its target price increased by analysts at Raymond James Financial from C$96.00 to C$102.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 8.68% from the company's previous close. Raymond James Financial also issued estimates for Cameco's Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.35 EPS, FY2025 earnings at $1.65 EPS, Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.58 EPS, Q4 2026 earnings at $0.93 EPS and FY2026 earnings at $2.33 EPS.

CCO has been the topic of a number of other research reports. Canaccord Genuity Group upped their price objective on Cameco from C$83.50 to C$92.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus raised their target price on shares of Cameco from C$90.00 to C$105.00 in a research note on Tuesday, June 10th. TD Securities boosted their price target on Cameco from C$77.00 to C$100.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, BMO Capital Markets upped their price objective on Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of C$95.64.

Cameco Stock Down 0.5%

Shares of TSE:CCO traded down C$0.48 during midday trading on Tuesday, reaching C$93.85. The company had a trading volume of 2,082,048 shares, compared to its average volume of 1,222,841. The business's 50 day moving average price is C$74.11 and its 200 day moving average price is C$70.51. Cameco has a 1-year low of C$48.71 and a 1-year high of C$96.64. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The stock has a market cap of C$41.31 billion, a PE ratio of 354.60, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Company Profile

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.