Raymond James Has Pessimistic View of Cameco Q1 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Analysts at Raymond James decreased their Q1 2026 EPS estimates for Cameco in a research note issued on Monday, June 9th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $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.

Several other equities analysts also recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Cameco in a report on Tuesday, May 20th. They set a “buy” rating and a $65.00 price target on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report 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, the stock currently has a consensus rating of “Buy” and a consensus price target of $73.53.

Cameco Price Performance

Shares of NYSE:CCJ opened at $63.80 on Tuesday. 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 company has a market capitalization of $27.77 billion, a P/E ratio of 227.86 and a beta of 0.97. The firm’s 50 day simple moving average is $48.97 and its two-hundred day simple moving average is $49.34.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results 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). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. During the same quarter last year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 24.4% compared to the same quarter last year.

Institutional Investors Weigh In On Cameco

Large investors have recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in Cameco in the fourth quarter worth $25,000. Hurley Capital LLC bought a new stake in Cameco in the fourth quarter worth $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the fourth quarter worth $28,000. Manchester Capital Management LLC increased its position in Cameco by 100.0% in the first 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 last quarter. Finally, Whipplewood Advisors LLC bought a new stake in Cameco in the fourth quarter worth $33,000. 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.