Cameco (NYSE:CCJ) Stock Rating Upgraded by Zacks Research

Cameco (NYSE:CCJ) (TSE:CCO) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

Other equities analysts also recently issued research reports about the stock. Bank of America lowered their target price 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. Barclays cut their price target on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Monday. Truist Financial cut their price target on shares of Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Jefferies Financial Group initiated coverage on Cameco in a report on Thursday, September 3rd. They set a “buy” rating and a $138.00 price target for the company. Finally, Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Twelve research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.38.

Cameco Trading Down 1.2%

NYSE:CCJ opened at $71.67 on Tuesday. The firm’s fifty day moving average is $88.75 and its 200-day moving average is $103.61. 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 has a 52 week low of $69.55 and a 52 week high of $135.24. The firm has a market cap of $31.21 billion, a P/E ratio of 108.59, a P/E/G ratio of 1.61 and a beta of 1.18.

Hedge Funds Weigh In On Cameco

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in shares of Cameco in the 2nd quarter valued at about $735,498,000. Canada Pension Plan Investment Board bought a new stake in Cameco in the 2nd quarter valued at about $420,346,000. Alps Advisors Inc. raised its stake in Cameco by 32.5% during the 3rd quarter. Alps Advisors Inc. now owns 4,701,559 shares of the basic materials company’s stock worth $407,484,000 after buying an additional 1,154,270 shares during the period. BlackRock Inc. acquired a new position in Cameco during the 2nd quarter worth approximately $381,091,000. Finally, Cibc World Market Inc. acquired a new position in Cameco during the 2nd quarter worth approximately $354,022,000. 70.21% of the stock is currently owned by institutional investors.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in its view of the stock. Zacks Research ratings
• Positive Sentiment: On its Q3 earnings call, Cameco highlighted disciplined uranium pricing, tight nuclear-fuel supplies and potential growth from Westinghouse—factors that support its longer-term prospects. Cameco Q3 earnings call highlights
• Neutral Sentiment: Cameco filed a technical report for its McArthur River operation. The filing provides operational information but the report announcement, by itself, does not indicate a change in production or financial outlook. Cameco reports document filing
• Negative Sentiment: Recent coverage cited a Q3 earnings miss, lower uranium sales and a reduced 2026 outlook, weighing on near-term expectations. Barclays also cut its price target, adding to pressure on sentiment. Cameco stock after Q3 earnings Barclays cuts Cameco price target
• Negative Sentiment: The earnings-call coverage also noted higher costs and weaker Q3 earnings, which may limit the near-term benefit of strong uranium-market fundamentals. Q3 earnings call highlights

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.