Stifel Canada Issues Optimistic Forecast for Cameco Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Stifel Canada boosted their Q1 2026 earnings estimates for shares of Cameco in a report issued on Thursday, July 31st. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will earn $0.37 per share for the quarter, up from their previous estimate of $0.32. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Stifel Canada also issued estimates for Cameco’s Q2 2026 earnings at $0.34 EPS, Q3 2026 earnings at $0.32 EPS, Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.31 EPS, FY2027 earnings at $2.25 EPS, FY2028 earnings at $2.56 EPS and FY2029 earnings at $2.49 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. Cameco’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS.

Several other analysts have also recently commented on CCJ. Wall Street Zen upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research note on Saturday. Glj Research reiterated a “buy” rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. The Goldman Sachs Group boosted their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Scotiabank reiterated an “outperform” rating on shares of Cameco in a research note on Tuesday, July 8th. Finally, UBS Group reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, June 10th. Ten equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and an average target price of $82.65.

Cameco Trading Down 2.6%

Shares of Cameco stock opened at $72.97 on Monday. The company has a market capitalization of $31.77 billion, a P/E ratio of 83.87 and a beta of 1.06. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $80.32. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The company has a fifty day moving average of $70.40 and a 200 day moving average of $54.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CCJ. Alliancebernstein L.P. grew its position in Cameco by 39.3% in the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after acquiring an additional 3,959,837 shares in the last quarter. FMR LLC grew its position in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Cameco by 215.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock worth $83,636,000 after acquiring an additional 1,387,797 shares in the last quarter. Temasek Holdings Private Ltd purchased a new stake in Cameco in the 1st quarter worth about $55,513,000. Finally, Driehaus Capital Management LLC raised its position in Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after purchasing an additional 1,225,966 shares during the period. 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.