Cameco (TSE:CCO) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lifted by equities researchers at Raymond James Financial from C$130.00 to C$150.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 2.40% from the company’s current price. Raymond James Financial also issued estimates for Cameco’s Q3 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.95 EPS and FY2026 earnings at $2.52 EPS.

Several other research firms have also recently commented on CCO. BMO Capital Markets upped their target price on shares of Cameco from C$110.00 to C$120.00 in a research report on Friday, August 29th. Stifel Nicolaus boosted their price objective on Cameco from C$115.00 to C$150.00 in a research report on Tuesday, October 21st. Scotiabank raised their target price on Cameco from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. National Bankshares lifted their target price on Cameco from C$130.00 to C$140.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank Of Canada increased their price target on Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus target price of C$129.99.

Cameco Price Performance

Shares of TSE CCO opened at C$146.49 on Wednesday. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a market capitalization of C$63.78 billion, a PE ratio of 120.07, a P/E/G ratio of 2.22 and a beta of 1.12. Cameco has a 1-year low of C$49.75 and a 1-year high of C$153.59. The business’s fifty day moving average price is C$117.11 and its two-hundred day moving average price is C$97.89.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.