Raymond James Comments on Cameco’s Q1 Earnings (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Raymond James issued their Q1 2026 earnings per share estimates for shares of Cameco in a note issued to investors on Thursday, May 1st. Raymond James analyst B. Macarthur expects that the basic materials company will earn $0.25 per share for the quarter. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Raymond James also issued estimates for Cameco’s Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.40 EPS, Q4 2026 earnings at $0.64 EPS and FY2026 earnings at $1.61 EPS.

A number of other brokerages have also recently issued reports on CCJ. Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Performance

Shares of CCJ opened at $46.40 on Monday. The company has a market capitalization of $20.20 billion, a PE ratio of 165.71 and a beta of 0.89. Cameco has a 52-week low of $35.00 and a 52-week high of $62.55. The company has a 50-day simple moving average of $42.18 and a 200-day simple moving average of $49.07. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company’s revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

Hedge Funds Weigh In On Cameco

A number of institutional investors have recently made changes to their positions in CCJ. FMR LLC increased its position in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock worth $865,729,000 after buying an additional 190,337 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after buying an additional 270,102 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after buying an additional 1,196,336 shares during the period. Finally, Norges Bank acquired a new stake in Cameco during the fourth quarter worth approximately $188,595,000. 70.21% of the stock is owned by institutional investors and hedge funds.

About Cameco

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.