Desjardins Weighs in on Cameco’s FY2026 Earnings (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Research analysts at Desjardins raised their FY2026 earnings estimates for Cameco in a research note issued to investors on Wednesday, October 1st. Desjardins analyst B. Adams now forecasts that the basic materials company will post earnings per share of $1.42 for the year, up from their prior forecast of $1.41. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

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 analysts’ consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company’s quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS.

A number of other research firms have also commented on CCJ. The Goldman Sachs Group raised their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Tuesday, September 2nd. CLSA started coverage on shares of Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective for the company. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an “outperform” rating in a research report on Tuesday, June 10th. Finally, Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $89.55.

Cameco Price Performance

CCJ stock opened at $84.33 on Monday. The firm has a 50 day moving average of $78.70 and a 200-day moving average of $64.50. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco has a 12 month low of $35.00 and a 12 month high of $89.13. The firm has a market capitalization of $36.72 billion, a P/E ratio of 96.93 and a beta of 0.99.

Institutional Investors Weigh In On Cameco

A number of institutional investors and hedge funds have recently bought and sold shares of CCJ. Manchester Capital Management LLC raised its stake in Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Dagco Inc. purchased a new stake in Cameco in the first quarter valued at approximately $28,000. SVB Wealth LLC purchased a new position in shares of Cameco during the first quarter worth approximately $29,000. Trust Co. of Vermont raised its stake in shares of Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Cameco during the second quarter worth approximately $30,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.