Raymond James Financial Expects Stronger Earnings for Cameco

Key Points

• Raymond James Financial raised its Q1 2026 earnings estimate for Cameco Corporation to $0.30 per share, up from the previously projected $0.28, while maintaining an "Outperform" rating on the stock.
• In their last quarterly earnings report, Cameco posted $0.51 EPS, significantly exceeding the consensus estimate of $0.29, with a year-over-year revenue increase of 46.7%.
• Institutional investors own over 70% of Cameco's shares, with notable recent increases in stakes from major investment firms like Norges Bank and Canada Pension Plan Investment Board.

Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO - Analysts at Raymond James Financial increased their Q1 2026 earnings estimates for shares of Cameco in a research report issued to clients and investors on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now anticipates that the basic materials company will earn $0.30 per share for the quarter, up from their previous forecast of $0.28. Raymond James Financial currently has a "Outperform" rating on the stock. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. Raymond James Financial also issued estimates for Cameco's Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.47 EPS and FY2026 earnings at $1.82 EPS.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. During the same period in the previous year, the business earned $0.14 earnings per share. The business's revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS.

CCJ has been the subject of a number of other research reports. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. TD Securities reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Wall Street Zen upgraded Cameco from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group lifted their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Three analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and a consensus target price of $83.32.

Cameco Stock Performance

NYSE:CCJ opened at $74.8320 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The stock has a market capitalization of $32.58 billion, a PE ratio of 86.01 and a beta of 1.06. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $80.32. The company has a fifty day moving average of $74.49 and a two-hundred day moving average of $56.94.

Hedge Funds Weigh In On Cameco

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Cameco during the second quarter worth about $341,736,000. Alliancebernstein L.P. raised its stake in shares of Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock valued at $578,226,000 after acquiring an additional 3,959,837 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company's stock worth $524,988,000 after acquiring an additional 2,071,373 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Cameco by 215.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company's stock worth $83,636,000 after purchasing an additional 1,387,797 shares during the period. Finally, Temasek Holdings Private Ltd acquired a new stake in Cameco in the 1st quarter valued at approximately $55,513,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

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.

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