Cameco (NYSE:CCJ) Trading Down 1.6% – Time to Sell?

Cameco Corporation (NYSE:CCJ) (TSE:CCO) shares were down 1.6% during mid-day trading on Friday . The stock traded as low as $116.05 and last traded at $116.7890. Approximately 2,158,230 shares were traded during trading, a decline of 44% from the average daily volume of 3,881,331 shares. The stock had previously closed at $118.71.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Scotiabank raised its FY2026 earnings estimate for Cameco to $1.07 per share from $0.89 and maintained an Outperform rating with a $175 price target, signaling continued confidence in the company’s longer-term earnings power.
• Neutral Sentiment: Unusual options activity showed heavy call buying in Cameco, with 384,705 call contracts purchased versus the typical 24,198, suggesting traders are positioning for more upside or volatility.
• Neutral Sentiment: Cameco announced the election of nine board members at its annual meeting, a routine governance update that is unlikely to materially affect fundamentals on its own. Cameco Announces Election of Directors
• Neutral Sentiment: Scotiabank also trimmed its FY2027 earnings estimate to $1.37 from $1.47, which softens the bullish tone a bit, though the firm still sees Cameco as an outperformer.
• Negative Sentiment: Cameco shares were pressured along with other nuclear names after a strong recent rally, as investors took profits following the sector’s explosive run-up. NANO Nuclear Slides 10%, Oklo Falls 8%, Cameco Slips 4% After Nuclear Stocks Explosive Rally

Wall Street Analyst Weigh In

CCJ has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Cameco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Glj Research reissued a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. The Goldman Sachs Group restated a “buy” rating and issued a $131.00 target price on shares of Cameco in a research report on Wednesday, February 4th. William Blair began coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of Cameco to $202.00 in a research note on Monday, March 9th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.13.

Cameco Price Performance

The firm has a market capitalization of $50.87 billion, a P/E ratio of 108.14, a P/E/G ratio of 2.35 and a beta of 1.04. The business’s fifty day moving average is $114.87 and its 200 day moving average is $105.97. The company has a current ratio of 3.08, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 earnings per share. As a group, analysts forecast that Cameco Corporation will post 1.17 EPS for the current year.

Institutional Trading of Cameco

A number of institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of Cameco by 50.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 243,021 shares of the basic materials company’s stock worth $26,394,000 after purchasing an additional 81,327 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in shares of Cameco during the 1st quarter worth $228,000. Baader Bank Aktiengesellschaft raised its holdings in shares of Cameco by 12.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 43,186 shares of the basic materials company’s stock valued at $4,655,000 after purchasing an additional 4,831 shares in the last quarter. DJE Kapital AG bought a new stake in Cameco in the first quarter worth $20,968,000. Finally, Andra AP fonden lifted its position in shares of Cameco by 186.9% in the first quarter. Andra AP fonden now owns 49,287 shares of the basic materials company’s stock worth $5,353,000 after buying an additional 32,107 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Company Profile

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.