Raymond James Issues Negative Forecast for Cameco Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Equities researchers at Raymond James decreased their Q1 2026 earnings per share estimates for shares of Cameco in a report released on Monday, June 9th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.24 per share for the quarter, down from their previous forecast of $0.25. The consensus estimate for Cameco's current full-year earnings is $1.27 per share. Raymond James also issued estimates for Cameco's Q2 2026 earnings at $0.31 EPS, Q3 2026 earnings at $0.39 EPS and FY2026 earnings at $1.58 EPS.

Several other equities research analysts have also recently commented on the company. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Glj Research lifted their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Finally, Sanford C. Bernstein started coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Cameco currently has an average rating of "Buy" and an average target price of $70.53.

Cameco Stock Down 4.6%

Shares of Cameco stock traded down $3.11 on Tuesday, reaching $63.80. The company's stock had a trading volume of 10,646,133 shares, compared to its average volume of 4,314,894. Cameco has a 52 week low of $35.00 and a 52 week high of $68.12. The firm's fifty day simple moving average is $48.51 and its two-hundred day simple moving average is $49.23. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $27.77 billion, a price-to-earnings ratio of 227.86 and a beta of 0.97.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco's revenue was up 24.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its holdings in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. Vanguard Group Inc. increased its position in Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after buying an additional 300,088 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after buying an additional 190,337 shares during the period. Alliancebernstein L.P. lifted its position in shares of Cameco by 39.3% during 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 buying an additional 3,959,837 shares in the last quarter. Finally, AGF Management Ltd. grew its stake in shares of Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock valued at $166,206,000 after acquiring an additional 644,413 shares during the period. 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.