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

Key Points

• Raymond James Financial has increased its price target for Cameco (TSE:CCO) from C$102.00 to C$115.00, suggesting a potential upside of 14.91% from the stock's previous close.
• Multiple analysts have also upgraded their targets for Cameco, with a consensus price target of C$103.85 and a majority rating it as a "buy."
• Cameco's stock performance has shown significant volatility, with a 1-year low of C$48.71 and a high of C$110.85, reflecting ongoing investor interest in uranium markets.

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price target increased by Raymond James Financial from C$102.00 to C$115.00 in a research report sent to investors on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James Financial also issued estimates for Cameco's Q3 2025 earnings at $0.33 EPS, FY2025 earnings at $1.80 EPS, Q1 2026 earnings at $0.39 EPS, Q2 2026 earnings at $0.48 EPS, Q3 2026 earnings at $0.62 EPS and FY2026 earnings at $2.40 EPS.

A number of other research analysts also recently issued reports on CCO. Scotiabank boosted their price objective on Cameco from C$93.00 to C$95.00 in a research note on Monday, June 16th. Berenberg Bank boosted their price objective on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Desjardins boosted their price objective on Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th. National Bankshares upped their price target on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Royal Bank Of Canada upped their price target on Cameco from C$90.00 to C$100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Nine equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of C$103.85.

Cameco Stock Performance

TSE:CCO traded up C$2.42 during mid-day trading on Friday, hitting C$103.05. 575,221 shares of the stock were exchanged, compared to its average volume of 1,218,374. The stock has a market capitalization of C$45.36 billion, a price-to-earnings ratio of 389.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The firm's 50-day simple moving average is C$96.85 and its 200 day simple moving average is C$76.15. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$110.85.

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.