Cameco (NYSE:CCJ) Given “Buy” Rating at Glj Research

Glj Research restated their buy rating on shares of Cameco (NYSE:CCJ) (TSE:CCO) in a research note published on Wednesday morning,Benzinga reports. The firm currently has a $171.20 target price on the basic materials company’s stock, up from their prior target price of $100.00.

CCJ has been the subject of a number of other research reports. UBS Group initiated coverage on Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 price target for the company. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. National Bank Financial reissued an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cameco in a report on Monday, December 29th. Finally, Royal Bank Of Canada increased their price objective on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $143.03.

Cameco Stock Performance

Shares of Cameco stock opened at $116.56 on Wednesday. The company has a current ratio of 2.47, a quick ratio of 1.85 and a debt-to-equity ratio of 0.14. The company has a market cap of $50.77 billion, a PE ratio of 120.17 and a beta of 0.99. The company has a 50 day moving average of $107.72 and a 200-day moving average of $92.76. Cameco has a 1-year low of $35.00 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. During the same period in the previous year, the business earned $0.36 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Cameco will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cameco

Large investors have recently modified their holdings of the business. Abbington Investment Group bought a new position in shares of Cameco in the third quarter valued at approximately $6,506,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Cameco by 79.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 249,992 shares of the basic materials company’s stock valued at $20,964,000 after purchasing an additional 110,629 shares during the period. Nwam LLC raised its stake in shares of Cameco by 11.7% during the 2nd quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock worth $6,304,000 after purchasing an additional 8,519 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in shares of Cameco by 165.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 169,448 shares of the basic materials company’s stock worth $12,593,000 after buying an additional 105,523 shares during the last quarter. Finally, Thames Capital Management LLC grew its position in Cameco by 66.8% during the third quarter. Thames Capital Management LLC now owns 107,062 shares of the basic materials company’s stock valued at $8,978,000 after buying an additional 42,879 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Q4 results beat expectations — EPS jumped ~38% and revenue topped estimates, giving investors evidence the company’s Fuel Services and Westinghouse businesses are accelerating. Cameco Delivers Earnings Beat in Q4: Here’s How to Play the Stock
• Positive Sentiment: Long-term contracting and disciplined supply strategy: Cameco reported ~230M lbs of long-term commitments (roughly 28M lbs/year for five years) and is deliberately holding some uncommitted supply to capture higher prices — this improves revenue visibility and pricing power. Up 135% in the Past Year, Can Cameco Continue Its Run?
• Positive Sentiment: Westinghouse partnership & U.S. government initiatives are expected to be material in 2026 — Cameco cited a sizeable share of Westinghouse adjusted EBITDA (management’s 2026 estimate ~ $370–$430M), which supports earnings upside. Up 135% in the Past Year, Can Cameco Continue Its Run?
• Positive Sentiment: Analyst momentum and price-target upgrades: GLJ Research reaffirmed a “buy” and raised its target sharply (to $171.20), and CCJ appears on Zacks’ momentum (Rank #1) lists — these signals can drive buying interest. Benzinga Best Momentum Stocks to Buy for February 17th
• Neutral Sentiment: Sector context — Cameco is outperforming many oil/energy names this year amid a broader nuclear revival; investors weighing energy allocations could rotate into or out of CCJ depending on risk appetite. Are Oils-Energy Stocks Lagging Cameco (CCJ) This Year?
• Neutral Sentiment: Broad positive coverage and high institutional ownership are supportive but already priced in by many investors — watch sentiment and flows. Analysts Offer Insights on Energy Companies: ARC Resources and Cameco
• Negative Sentiment: Rich valuation — CCJ’s trailing P/E and extended run (up large % in past year) increase the risk of pullbacks if contract assumptions or uranium price momentum cools.
• Negative Sentiment: Intra-day volume is below average today (lower-than-normal liquidity can amplify price moves and indicates some trading may be driven by headlines rather than broad participation).

Cameco Company Profile

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.