Cameco (NYSE:CCJ) Upgraded at Zacks Research

Zacks Research upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also commented on CCJ. Royal Bank Of Canada lowered their price target on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. The Goldman Sachs Group upped their target price on Cameco from $95.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. UBS Group began coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price on the stock. Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $121.68.

Cameco Stock Performance

Shares of CCJ opened at $116.50 on Wednesday. The stock has a 50-day moving average of $93.29 and a two-hundred day moving average of $85.60. Cameco has a one year low of $35.00 and a one year high of $118.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. The stock has a market cap of $50.73 billion, a P/E ratio of 135.47 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). Cameco had a net margin of 15.24% and a return on equity of 8.58%. The firm had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same period in the prior year, the company posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, research analysts predict that Cameco will post 1.27 EPS for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were paid a dividend of $0.24 per share. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Monday, December 1st. This represents a yield of 27.0%. Cameco’s dividend payout ratio (DPR) is presently 19.77%.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently made changes to their positions in CCJ. Vanguard Capital Wealth Advisors raised its stake in Cameco by 13.2% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 22,398 shares of the basic materials company’s stock valued at $2,049,000 after purchasing an additional 2,604 shares during the last quarter. Worth Financial Advisory Group LLC purchased a new stake in shares of Cameco during the fourth quarter worth $229,000. Founders Capital Management acquired a new stake in shares of Cameco in the fourth quarter valued at about $27,000. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Finally, Nikulski Financial Inc. purchased a new position in shares of Cameco in the fourth quarter worth about $930,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Trending Headlines about Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks upgraded Cameco from Hold to Strong Buy and added CCJ to its Zacks Rank #1 (Strong Buy) and momentum lists, signaling rising analyst optimism about earnings and near-term upside potential. Read More.
• Positive Sentiment: Bank of America included Cameco on a short list of three metals/mining stocks to own in 2026, highlighting uranium’s role in the global nuclear buildout and Cameco’s contract-heavy business model that provides revenue visibility. Read More.
• Positive Sentiment: Unusually large call-option activity: about 384,705 calls were bought on Thursday (~1,490% above normal daily call volume), a flows signal consistent with speculative bullish positioning that can amplify upward price moves. Read More.
• Positive Sentiment: Multiple Zacks items explain why CCJ joined lists of new Strong Buy and momentum picks, reinforcing the narrative that upgrades and positive screen-based coverage are driving investor demand. Read More.
• Neutral Sentiment: A sector comparison article highlights Cameco’s strong year-to-date performance vs. oil/energy peers and another uranium player (UROY), which provides context but is not a direct catalyst. Read More.
• Neutral Sentiment: A Zacks piece on Wall Street optimism reviews analyst sentiment and explains how brokerage ratings can affect price; useful framing but not a new catalyst. Read More.
• Negative Sentiment: Reported insider selling: Rep. Gilbert Ray Cisneros, Jr. reportedly unloaded Cameco shares, which can be viewed negatively by some investors as a signal of reduced insider conviction (though one sale alone is often ambiguous). Read More.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.