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

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Investment analysts at Raymond James dropped their Q1 2026 EPS estimates for shares of Cameco in a research note issued to investors on Monday, June 9th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.24 per share for the quarter, down from their previous estimate of $0.25. 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 $0.31 EPS, Q3 2026 earnings at $0.39 EPS and FY2026 earnings at $1.58 EPS.

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 for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period last year, the company earned $0.13 EPS. The business’s revenue was up 24.4% on a year-over-year basis.

CCJ has been the subject of several other reports. The Goldman Sachs Group raised their target price on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Desjardins assumed coverage on Cameco in a research report on Friday, April 4th. They set a “buy” rating for the company. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and an average price target of $75.70.

Cameco Trading Up 3.8%

CCJ stock opened at $66.28 on Tuesday. The company has a market capitalization of $28.85 billion, a price-to-earnings ratio of 236.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco has a 1-year low of $35.00 and a 1-year high of $68.12. The business has a 50 day simple moving average of $49.54 and a two-hundred day simple moving average of $49.45.

Institutional Trading of Cameco

Several hedge funds and other institutional investors have recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new position in Cameco during the fourth quarter valued at $25,000. Hurley Capital LLC bought a new position in Cameco during the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco during the 4th quarter valued at about $28,000. Manchester Capital Management LLC raised its position in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 300 shares during the period. Finally, Whipplewood Advisors LLC bought a new stake in Cameco in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

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.