Raymond James Has Optimistic Outlook of Cameco Q4 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James boosted their Q4 2026 EPS estimates for shares of Cameco in a research note issued to investors on Tuesday, June 10th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.65 per share for the quarter, up from their prior forecast of $0.64. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

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

A number of other research analysts have also weighed in on CCJ. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an “outperform” rating in a research note on Tuesday. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $75.63.

Cameco Stock Down 0.3%

Cameco stock opened at $66.14 on Thursday. Cameco has a 1-year low of $35.00 and a 1-year high of $68.12. The firm has a market capitalization of $28.79 billion, a price-to-earnings ratio of 236.21 and a beta of 0.97. The firm’s fifty day moving average price is $50.11 and its two-hundred day moving average price is $49.51. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Cameco

Large investors have recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Cameco during the fourth quarter valued at about $25,000. Manchester Capital Management LLC boosted its position in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. Hurley Capital LLC bought a new stake in Cameco during the 4th quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the 4th quarter valued at approximately $28,000. Finally, Dagco Inc. bought a new stake in Cameco during the 1st quarter valued at approximately $28,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.