Raymond James Lowers Cameco (TSE:CCO) Price Target to C$83.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price dropped by equities researchers at Raymond James from C$84.00 to C$83.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 27.91% from the company’s current price. Raymond James also issued estimates for Cameco’s Q1 2026 earnings at $0.35 EPS, Q2 2026 earnings at $0.45 EPS, Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.89 EPS and FY2026 earnings at $2.24 EPS.

CCO has been the topic of several other reports. Scotiabank cut their target price on Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Desjardins upgraded Cameco to a “moderate buy” rating in a report on Thursday, April 3rd. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Sanford C. Bernstein raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, National Bankshares reduced their target price on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and an average price target of C$82.75.

Cameco Trading Up 3.0 %

Shares of CCO stock opened at C$64.89 on Friday. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The firm’s 50-day simple moving average is C$59.71 and its 200-day simple moving average is C$69.70. The firm has a market cap of C$28.56 billion, a P/E ratio of 245.17, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

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.