Raymond James Issues Optimistic Outlook for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Raymond James increased their Q1 2026 earnings estimates for shares of Cameco in a note issued to investors on Tuesday, June 10th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.34 per share for the quarter, up from their prior forecast of $0.33. Raymond James currently has a “Outperform” rating and a $88.00 target price on the stock. Raymond James also issued estimates for Cameco’s Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.89 EPS and FY2026 earnings at $2.22 EPS.

A number of other research firms also recently weighed in on CCO. Sanford C. Bernstein raised Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st. Canaccord Genuity Group upped their price target on Cameco from C$83.50 to C$92.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. TD Securities upped their price target on Cameco from C$77.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, June 9th. BMO Capital Markets upped their price target on Cameco from C$85.00 to C$95.00 and gave the stock an “outperform” rating in a research note on Monday, June 9th. Finally, Desjardins raised Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Eight investment analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$92.92.

Cameco Stock Up 0.6%

CCO stock opened at C$90.53 on Friday. The stock’s 50 day simple moving average is C$70.19 and its 200 day simple moving average is C$70.11. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$93.22. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The company has a market cap of C$39.85 billion, a P/E ratio of 342.05, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

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.