Raymond James Forecasts Strong Price Appreciation for Cameco (TSE:CCO) Stock

Cameco (TSE:CCO - Free Report) NYSE: CCJ had its price target increased by Raymond James from C$83.00 to C$88.00 in a report published on Monday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock. Raymond James also issued estimates for Cameco's Q2 2025 earnings at $0.54 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $1.64 EPS, Q1 2026 earnings at $0.33 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.87 EPS and FY2026 earnings at $2.16 EPS.

CCO has been the subject of several other research reports. National Bankshares raised their price target on shares of Cameco from C$81.00 to C$95.00 in a research note on Monday. Sanford C. Bernstein upgraded shares of Cameco to a "strong-buy" rating in a research note on Tuesday, April 1st. Desjardins upgraded shares of Cameco to a "moderate buy" rating in a research note on Thursday, April 3rd. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Scotiabank reduced their price objective on shares of Cameco from C$81.00 to C$80.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Eight research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average target price of C$92.92.

Cameco Stock Performance

Shares of CCO stock traded down C$0.66 during trading hours on Monday, hitting C$89.99. 937,986 shares of the company were exchanged, compared to its average volume of 1,221,325. The firm has a fifty day simple moving average of C$68.69 and a 200 day simple moving average of C$69.99. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a 52-week low of C$48.71 and a 52-week high of C$93.22. The stock has a market capitalization of C$39.61 billion, a price-to-earnings ratio of 340.01, a P/E/G ratio of 2.22 and a beta of 0.90.

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.