Cameco (NYSE:CCJ) Hits New 52-Week Low – Here’s Why

Cameco Corporation (NYSE:CCJ) (TSE:CCO)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $68.17 and last traded at $67.8730, with a volume of 1,045,142 shares changing hands. The stock had previously closed at $71.68.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a less-bearish rating that may provide modest support but does not amount to a buy recommendation. Zacks Research rating update
• Positive Sentiment: On its earnings call, Cameco emphasized disciplined uranium pricing, tight nuclear-fuel supplies and potential growth from Westinghouse—factors that support its longer-term outlook, despite higher costs and weaker quarterly results. Cameco Q3 earnings call highlights
• Neutral Sentiment: Cameco filed a technical report for its McArthur River operation. The filing provides operational documentation, but the announcement did not describe a material change to production or guidance. McArthur River technical report filing
• Negative Sentiment: Investors are weighing a third-quarter earnings miss, lower uranium sales and a reduced 2026 outlook, which have pressured the stock. Cameco outlook after Q3 earnings
• Negative Sentiment: Barclays cut its price target on CCJ, adding to near-term caution around the shares. Barclays price-target cut

Wall Street Analyst Weigh In

CCJ has been the topic of a number of research reports. Barclays lowered their price target on Cameco from $95.00 to $89.00 and set an “equal weight” rating on the stock in a research report on Monday. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Zacks Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Truist Financial reduced their price target on shares of Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Twelve analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus price target of $147.38.

Cameco Stock Performance

The stock has a market cap of $29.70 billion, a PE ratio of 102.85, a P/E/G ratio of 1.61 and a beta of 1.18. The company has a fifty day moving average price of $88.75 and a 200 day moving average price of $103.61. The company has a quick ratio of 2.10, a current ratio of 2.55 and a debt-to-equity ratio of 0.14.

Cameco Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of C$0.24 per share. This represents a dividend yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s dividend payout ratio is 25.76%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP bought a new stake in shares of Cameco in the second quarter valued at about $212,908,000. Amundi grew its holdings in Cameco by 13.7% during the 2nd quarter. Amundi now owns 2,992,074 shares of the basic materials company’s stock worth $304,773,000 after acquiring an additional 359,375 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in Cameco during the 1st quarter valued at about $70,851,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Cameco by 35.2% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after purchasing an additional 139,592 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Cameco in the 2nd quarter worth approximately $735,498,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.