Cameco Q1 EPS Forecast Raised by Raymond James Financial

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Raymond James Financial raised their Q1 2026 earnings estimates for shares of Cameco in a research report issued to clients and investors on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now forecasts that the basic materials company will earn $0.30 per share for the quarter, up from their prior estimate of $0.28. Raymond James Financial has a “Outperform” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Raymond James Financial also issued estimates for Cameco’s Q2 2026 earnings at $0.37 EPS, Q3 2026 earnings at $0.47 EPS and FY2026 earnings at $1.82 EPS.

A number of other research firms have also recently issued reports on CCJ. Royal Bank Of Canada increased their price target on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. UBS Group restated a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. TD Securities restated a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an “outperform” rating in a report on Tuesday, June 10th. Finally, Glj Research restated a “buy” rating and set a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. Three equities research analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $83.32.

Cameco Price Performance

Cameco stock opened at $76.43 on Monday. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 87.86 and a beta of 1.06. Cameco has a 52-week low of $35.00 and a 52-week high of $80.32. The stock’s 50 day moving average price is $74.74 and its two-hundred day moving average price is $57.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analysts’ expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company’s revenue for the quarter was up 46.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Cameco

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in Cameco in the 2nd quarter worth about $341,736,000. Alliancebernstein L.P. increased its holdings in Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after acquiring an additional 3,959,837 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after acquiring an additional 2,071,373 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Cameco by 215.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock worth $83,636,000 after acquiring an additional 1,387,797 shares during the last quarter. Finally, Temasek Holdings Private Ltd purchased a new stake in Cameco in the 1st quarter worth about $55,513,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.