Cameco Corporation $CCJ Shares Newly Purchased by D.A. Davidson & CO.

Key Points

• D.A. Davidson purchased 54,986 Cameco shares during the third quarter, a new position valued at approximately $4.77 million. Institutional investors collectively own 70.21% of CCJ.
• Cameco shares have fallen 7.9% amid weaker-than-expected earnings, lower year-over-year revenue, and production disruptions from maintenance and a Key Lake outage.
• Analysts maintain a “Moderate Buy” consensus rating with a $147.93 target price, although several firms recently lowered their targets and the company narrowed its 2026 production outlook to 19.5–20.5 million pounds.

D.A. Davidson & CO. purchased a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 54,986 shares of the basic materials company's stock, valued at approximately $4,766,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCJ. Sterling Capital Management LLC bought a new position in Cameco during the 1st quarter valued at $30,000. CX Institutional increased its position in shares of Cameco by 2,181.2% during the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 349 shares during the period. Western Wealth Management LLC bought a new stake in shares of Cameco in the 1st quarter worth $39,000. Dunhill Financial LLC bought a new stake in shares of Cameco in the 2nd quarter worth $39,000. Finally, Trust Co. of Vermont bought a new stake in shares of Cameco in the 2nd quarter worth $39,000. 70.21% of the stock is currently owned by institutional investors.

Key Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Uranium prices rose approximately 8% during the quarter, while Cameco said nuclear-industry fundamentals remain strong. The company reiterated that its disciplined strategy and integrated exposure, including Westinghouse, support long-term value creation. Cameco Q3 2026 earnings call transcript
• Positive Sentiment: Cameco declared an annual dividend, with the company signaling a payment of approximately $0.24, providing continued shareholder income despite near-term earnings volatility. Cameco dividend and production outlook
• Neutral Sentiment: The company narrowed its 2026 uranium production outlook to 19.5 million–20.5 million pounds. The tighter range improves visibility, but the lower production pace highlights ongoing execution and maintenance risks. Cameco production outlook
• Negative Sentiment: Third-quarter adjusted earnings per share were $0.10, below the $0.23 analyst consensus. Profit for the first nine months also declined, reinforcing concerns about earnings volatility. Cameco stock falls after lower nine-month profit
• Negative Sentiment: Planned maintenance and an outage at Key Lake reduced production by about 20% and sharply pressured quarterly revenue and earnings. Investors are concerned that mine disruptions, rising costs, and Westinghouse execution could undermine Cameco’s raised revenue outlook. Cameco Q3 2026 earnings
• Negative Sentiment: Unusually heavy put-option activity—49,822 contracts, more than double typical volume—signals increased near-term hedging or bearish speculation, although it does not by itself confirm future performance.

Analyst Ratings Changes

Several research analysts recently weighed in on CCJ shares. 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 note on Thursday, October 22nd. Weiss Ratings upgraded shares of Cameco from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Wall Street Zen cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Bank of America cut their price target on shares of Cameco from $143.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Finally, Barclays reduced their price objective on shares of Cameco from $97.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, October 19th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Cameco presently has an average rating of "Moderate Buy" and a consensus target price of $147.93.

Cameco Trading Down 7.9%

Shares of NYSE CCJ opened at $76.87 on Friday. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 12 month low of $73.89 and a 12 month high of $135.24. The company has a market cap of $33.48 billion, a price-to-earnings ratio of 116.47, a P/E/G ratio of 1.55 and a beta of 1.17. The business has a fifty day simple moving average of $90.63 and a 200-day simple moving average of $104.19.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. The company had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same quarter in the previous year, the firm posted $0.71 EPS. Cameco's quarterly revenue was down 6.8% on a year-over-year basis. Sell-side analysts predict that Cameco Corporation will post 1.08 EPS for the current year.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco's principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.

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