Cameco (NYSE:CCJ) Hits New 52-Week Low – Here’s Why

Cameco Corporation (NYSE:CCJ) (TSE:CCO) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $68.17 and last traded at $67.8730, with a volume of 1,045,142 shares changing hands. The stock had previously closed at $71.68.

Key Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a less-bearish rating that may provide modest support but does not amount to a buy recommendation. Zacks Research rating update
• Positive Sentiment: On its earnings call, Cameco emphasized disciplined uranium pricing, tight nuclear-fuel supplies and potential growth from Westinghouse—factors that support its longer-term outlook, despite higher costs and weaker quarterly results. Cameco Q3 earnings call highlights
• Neutral Sentiment: Cameco filed a technical report for its McArthur River operation. The filing provides operational documentation, but the announcement did not describe a material change to production or guidance. McArthur River technical report filing
• Negative Sentiment: Investors are weighing a third-quarter earnings miss, lower uranium sales and a reduced 2026 outlook, which have pressured the stock. Cameco outlook after Q3 earnings
• Negative Sentiment: Barclays cut its price target on CCJ, adding to near-term caution around the shares. Barclays price-target cut

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CCJ shares. Zacks Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Barclays decreased their price target on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a research report on Monday. Truist Financial lowered their price target on shares of Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Citigroup reaffirmed a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Finally, Bank of America reduced their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $147.38.

Cameco Stock Down 4.9%

The business’s 50 day moving average is $88.75 and its 200 day moving average is $103.61. The company has a market capitalization of $29.70 billion, a price-to-earnings ratio of 102.85, a PEG ratio of 1.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.55.

Cameco Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a C$0.24 dividend. This represents a dividend yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s payout ratio is 25.76%.

Institutional Investors Weigh In On Cameco

A number of hedge funds and other institutional investors have recently made changes to their positions in CCJ. HB Wealth Management LLC increased its stake in shares of Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 107 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Cameco by 0.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,123 shares of the basic materials company’s stock valued at $1,540,000 after buying an additional 125 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Cameco by 4.1% during the first quarter. QRG Capital Management Inc. now owns 3,414 shares of the basic materials company’s stock valued at $371,000 after purchasing an additional 134 shares in the last quarter. Novem Group lifted its stake in Cameco by 5.1% in the 3rd quarter. Novem Group now owns 2,854 shares of the basic materials company’s stock valued at $247,000 after buying an additional 138 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Cameco by 7.8% in the 1st quarter. Montag A & Associates Inc. now owns 1,940 shares of the basic materials company’s stock valued at $211,000 after buying an additional 140 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.