Cameco (NYSE:CCJ) Hits New 1-Year High – Here’s Why

Cameco Corporation (NYSE:CCJ) (TSE:CCO)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $116.44 and last traded at $117.6860, with a volume of 590786 shares changing hands. The stock had previously closed at $112.84.

Key Headlines Impacting 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average target price of $121.68.

Cameco Stock Performance

The firm’s 50-day moving average price is $93.29 and its 200-day moving average price is $85.70. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85. 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 posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $313.74 million for the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.01) earnings per share. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Institutional Trading of Cameco

Large investors have recently added to or reduced their stakes in the company. TD Asset Management Inc grew its holdings in Cameco by 3.7% during the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock worth $158,141,000 after acquiring an additional 77,081 shares in the last quarter. Abbington Investment Group purchased a new stake in shares of Cameco in the 3rd quarter worth approximately $6,506,000. Nwam LLC boosted its stake in shares of Cameco by 11.7% during the second quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after purchasing an additional 8,519 shares in the last quarter. Total Clarity Wealth Management Inc. purchased a new position in Cameco during the second quarter valued at approximately $281,000. Finally, Kercheville Advisors LLC increased its holdings in Cameco by 128.2% during the second quarter. Kercheville Advisors LLC now owns 38,137 shares of the basic materials company’s stock valued at $2,831,000 after buying an additional 21,428 shares during the period. Institutional investors own 70.21% of the company’s stock.

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.