Cameco Corporation (NYSE:CCJ) Receives Average Recommendation of “Buy” from Analysts

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been assigned a consensus rating of “Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $121.6771.

A number of research analysts have commented on CCJ shares. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research note on Monday, December 29th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. UBS Group started coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price for the company. Royal Bank Of Canada cut their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Finally, Zacks Research raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday.

Key Stories Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks upgraded Cameco from Hold to Strong Buy and added CCJ to its Zacks Rank #1 (Strong Buy) and momentum lists, signaling rising analyst optimism about earnings and near-term upside potential. Read More.
• Positive Sentiment: Bank of America included Cameco on a short list of three metals/mining stocks to own in 2026, highlighting uranium’s role in the global nuclear buildout and Cameco’s contract-heavy business model that provides revenue visibility. Read More.
• Positive Sentiment: Unusually large call-option activity: about 384,705 calls were bought on Thursday (~1,490% above normal daily call volume), a flows signal consistent with speculative bullish positioning that can amplify upward price moves. Read More.
• Positive Sentiment: Multiple Zacks items explain why CCJ joined lists of new Strong Buy and momentum picks, reinforcing the narrative that upgrades and positive screen-based coverage are driving investor demand. Read More.
• Neutral Sentiment: A sector comparison article highlights Cameco’s strong year-to-date performance vs. oil/energy peers and another uranium player (UROY), which provides context but is not a direct catalyst. Read More.
• Neutral Sentiment: A Zacks piece on Wall Street optimism reviews analyst sentiment and explains how brokerage ratings can affect price; useful framing but not a new catalyst. Read More.
• Negative Sentiment: Reported insider selling: Rep. Gilbert Ray Cisneros, Jr. reportedly unloaded Cameco shares, which can be viewed negatively by some investors as a signal of reduced insider conviction (though one sale alone is often ambiguous). Read More.

Cameco Trading Up 3.2%

NYSE CCJ opened at $116.50 on Monday. The firm’s 50-day moving average is $93.29 and its two-hundred day moving average is $85.60. Cameco has a 12 month low of $35.00 and a 12 month high of $118.54. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. The stock has a market capitalization of $50.73 billion, a P/E ratio of 135.47 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The company had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. Cameco’s revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. On average, sell-side analysts anticipate that Cameco will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a yield of 27.0%. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is 19.77%.

Institutional Trading of Cameco

Hedge funds have recently modified their holdings of the stock. TD Asset Management Inc increased its stake in Cameco by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after buying an additional 77,081 shares during the period. Abbington Investment Group purchased a new position in Cameco during the third quarter worth about $6,506,000. Nwam LLC lifted its position in Cameco by 11.7% in the second quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after purchasing an additional 8,519 shares during the period. Total Clarity Wealth Management Inc. purchased a new stake in Cameco in the 2nd quarter valued at approximately $281,000. Finally, Kercheville Advisors LLC increased its position in Cameco by 128.2% during the 2nd quarter. Kercheville Advisors LLC now owns 38,137 shares of the basic materials company’s stock worth $2,831,000 after purchasing an additional 21,428 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.