Raymond James Issues Positive Estimate for Cameco Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Equities researchers at Raymond James lifted their Q1 2026 earnings per share estimates for shares of Cameco in a research report issued to clients and investors on Tuesday, June 10th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.25 per share for the quarter, up from their prior estimate of $0.24. 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 $0.32 EPS, Q3 2026 earnings at $0.40 EPS and FY2026 earnings at $1.62 EPS.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same period in the previous year, the business earned $0.13 EPS. The business's revenue was up 24.4% on a year-over-year basis.

CCJ has been the subject of several other reports. The Goldman Sachs Group lifted their target price on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday. Glj Research reaffirmed a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday. Desjardins began coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday. One analyst has rated the stock with a hold rating, ten have issued 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 a consensus target price of $75.63.

Cameco Trading Up 0.7%

Shares of NYSE CCJ traded up $0.46 during trading hours on Friday, hitting $66.60. The company's stock had a trading volume of 5,079,823 shares, compared to its average volume of 4,352,193. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 12 month low of $35.00 and a 12 month high of $68.12. The stock has a market cap of $28.99 billion, a price-to-earnings ratio of 237.85 and a beta of 0.97. The business has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $49.51.

Institutional Trading of Cameco

Several institutional investors have recently modified their holdings of CCJ. Alliancebernstein L.P. increased its holdings 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 worth $578,226,000 after buying an additional 3,959,837 shares during the last quarter. Norges Bank acquired a new stake in Cameco in the fourth quarter valued at $188,595,000. FMR LLC lifted its holdings in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Cameco by 215.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company's stock valued at $83,636,000 after purchasing an additional 1,387,797 shares in the last quarter. Finally, Temasek Holdings Private Ltd purchased a new position in shares of Cameco in the 1st quarter valued at $55,513,000. Institutional investors and hedge funds own 70.21% of the company's stock.

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.