Cameco (NYSE:CCJ) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Cameco (NYSE:CCJ) (TSE:CCO) announced its earnings results on Friday. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08, Zacks reports. The firm had revenue of $874.57 million during the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS.

Here are the key takeaways from Cameco’s conference call:

• FY2025 results were strong — revenue ~CAD 3.5 billion (+11%), adjusted EBITDA ~CAD 1.9 billion (+26%) and adjusted net earnings ~CAD 630 million (+115%), with ~CAD 1.2 billion cash and CAD 1 billion debt underpinning a solid balance sheet.
• Westinghouse partnership and the U.S. government initiative (backed by at least US$80 billion) advances AP1000 deployments; Cameco expects its share of Westinghouse adjusted EBITDA of ~US$370–430M in 2026 and estimates roughly US$400–600M EBITDA per reactor (typically ordered in two‑packs).
• Cameco is executing a disciplined contracting strategy — ending 2025 with ~230 million pounds of long‑term commitments and ~28 million pounds/year committed over the next five years — deliberately preserving uncommitted supply to capture higher pricing as demand firming continues.
• Operationally, 2026 production guidance (19.5–21.5M lb consolidated; deliveries 29–32M lb) reflects paced ramps after McArthur River development delays, meaning near‑term output may remain below previous design peaks until market signals justify acceleration.
• Fuel services momentum and technology upside — record UF6 production at Port Hope and a tight conversion market support pricing, while GLE achieved TRL‑6 and is focused on DOE tails re‑enrichment as a near‑term commercial route.

Cameco Price Performance

CCJ stock traded down $3.29 during trading on Friday, reaching $113.10. 5,941,589 shares of the company were exchanged, compared to its average volume of 4,875,080. 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’s 50 day moving average price is $105.99 and its 200 day moving average price is $91.62. Cameco has a 52-week low of $35.00 and a 52-week high of $135.24. The company has a market cap of $49.25 billion, a P/E ratio of 131.52 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada decreased their price objective on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. National Bank Financial reiterated an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Cameco in a research note on Monday, December 29th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 target price on shares of Cameco in a report on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average price target of $131.39.

Institutional Investors Weigh In On Cameco

Several institutional investors have recently modified their holdings of CCJ. Caitong International Asset Management Co. Ltd grew its holdings in shares of Cameco by 30,700.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 307 shares during the period. Sunbelt Securities Inc. boosted its position in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in Cameco during the fourth quarter worth $41,000. J.Safra Asset Management Corp acquired a new stake in Cameco in the fourth quarter valued at $68,000. Finally, Golden State Wealth Management LLC increased its position in shares of Cameco by 650.0% in the fourth quarter. Golden State Wealth Management LLC now owns 750 shares of the basic materials company’s stock valued at $69,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco News Summary

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Q4 revenue and EPS beat expectations — Cameco reported roughly C$1.2B in Q4 revenue (above consensus) and EPS that topped estimates, highlighting solid execution across uranium, fuel services and Westinghouse segments. Cameco Q4 2025 Earnings Call Highlights
• Positive Sentiment: Quarterly metrics improved vs. prior year — revenue was up year-over-year and net margin/ROE showed profitability gains, supporting the narrative of disciplined supply strategy and operational leverage. Cameco fourth quarter results top analyst estimates
• Positive Sentiment: Heavy call-option buying indicates bullish speculative positioning — unusually large volume (~384,705 calls) was traded, suggesting some investors are positioning for upside after the print. Options Flow Report
• Neutral Sentiment: Full release, slide deck and call available — management provided a slide deck and conference-call materials that detail segment performance and medium-term strategy; useful for investors wanting to dig into guidance assumptions. Press Release / Slide Deck
• Negative Sentiment: FY2026 revenue guidance came in slightly below consensus — the company issued FY2026 revenue guidance around $2.2B–$2.4B (with wording that markets interpreted as cautious), which likely weighed on near-term sentiment despite the quarter beat. Cameco Announces 2025 Results (Business Wire)
• Negative Sentiment: Stock is trading lower with above-average volume — intraday weakness reflects investor caution around guidance and near-term prospects despite strong Q4 execution. Market Data

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.