Cameco Corporation (NYSE:CCJ) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Wall Street’s consensus is “Moderate Buy”: 11 of 16 analysts rate Cameco a buy and five recommend hold, with an average 12-month price target of $147.38.
• Investor positioning showed a bullish signal: Call-option purchases were nearly five times their average daily volume, though this activity does not guarantee a stock-price increase.
• The outlook has risks alongside growth opportunities: Management cited tight nuclear-fuel supplies and Westinghouse growth, while acknowledging higher costs and weaker quarterly earnings; Scotiabank also lowered its 2026 and 2027 EPS forecasts.

Shares of Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO have received an average recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $147.38.

CCJ has been the subject of several research analyst reports. Zacks Research upgraded Cameco from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 3rd. Truist Financial dropped their target price on Cameco from $130.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. Jefferies Financial Group began coverage on shares of Cameco in a report on Thursday, September 3rd. They issued a "buy" rating and a $138.00 price target on the stock. Weiss Ratings raised shares of Cameco from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Finally, Barclays reduced their price target on shares of Cameco from $95.00 to $89.00 and set an "equal weight" rating for the company in a research report on Monday, November 2nd.

Trending Headlines about Cameco

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 Stock Up 4.4%

Cameco stock opened at $71.34 on Friday. 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 business's 50-day simple moving average is $87.26 and its two-hundred day simple moving average is $103.15. The company has a market cap of $31.07 billion, a PE ratio of 108.09, a PEG 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.

Cameco Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a C$0.24 dividend. 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 25.76%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in Cameco in the second quarter valued at $735,498,000. Canada Pension Plan Investment Board purchased a new position in shares of Cameco during the 2nd quarter valued at about $420,346,000. Alps Advisors Inc. lifted its holdings in shares of Cameco by 32.5% in the 3rd quarter. Alps Advisors Inc. now owns 4,701,559 shares of the basic materials company's stock valued at $407,484,000 after buying an additional 1,154,270 shares during the period. BlackRock Inc. acquired a new position in shares of Cameco in the 2nd quarter valued at about $381,091,000. Finally, Cibc World Market Inc. purchased a new stake in shares of Cameco in the second quarter worth about $354,022,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Company Profile

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