Cameco (NYSE:CCJ) Trading 3.2% Higher – Time to Buy?

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) traded up 3.2% during mid-day trading on Wednesday . The company traded as high as $118.22 and last traded at $116.5620. 2,690,433 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 4,803,604 shares. The stock had previously closed at $112.94.

Key Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Q4 results beat expectations and contract wins improve visibility — CCJ reported a double beat (EPS and revenue), said it secured ~230M lbs of long‑term commitments and plans to hold uncommitted supply to capture higher prices; management expects Cameco’s share of Westinghouse adjusted EBITDA of ~$370M–$430M in 2026, supporting near‑term cash flow and contract revenue visibility. Cameco Delivers Earnings Beat in Q4
• Positive Sentiment: Analyst upgrades and higher price targets — GLJ Research reaffirmed a “buy” and raised its target materially (to $171.20), adding bullish sell‑side support that can lift sentiment and flows. Benzinga: GLJ Research rating
• Positive Sentiment: Momentum recognition and sector leadership — Zacks added CCJ to a top momentum list (Zacks Rank #1) and market commentary highlights Cameco as a leader in the nuclear revival that’s driven strong YTD and 1‑year gains, which can attract trend‑following buyers. Best Momentum Stocks to Buy
• Neutral Sentiment: Analyst commentary broadly positive but varied — coverage pieces and analyst notes (MarketBeat, Globe & Mail, Zacks) show consensus Buy and institutional accumulation, but they also reflect differing timeframes and assumptions—useful for context but not new company fundamentals. Analysts Offer Insights
• Neutral Sentiment: Sector comparisons — coverage contrasting Cameco with oil/energy peers explains part of the stock’s strength (flight to safety + nuclear demand), but sector rotation dynamics can shift quickly. Are Oils‑Energy Stocks Lagging Cameco
• Negative Sentiment: Valuation and big run create risk — CCJ has rallied sharply (large YTD/1‑year gains) and trades at a high forward P/E, leaving the stock exposed to pullbacks if uranium prices, contract timing, or macro sentiment falter; investors should weigh upside catalysts against stretched valuation. Up 135% in the Past Year

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CCJ shares. Royal Bank Of Canada upped their target price on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 price objective on shares of Cameco in a report on Wednesday, February 4th. UBS Group initiated coverage on Cameco in a report on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price for the company. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Finally, Glj Research reiterated a “buy” rating and set a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $143.03.

Cameco Stock Up 3.2%

The company has a market cap of $50.76 billion, a P/E ratio of 120.17 and a beta of 0.99. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $107.26 and a 200 day moving average price of $92.59.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a net margin of 17.00% and a return on equity of 9.43%. The business had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the prior year, the company earned $0.36 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bison Wealth LLC raised its position in shares of Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after acquiring an additional 2,975 shares during the last quarter. AQR Capital Management LLC increased its position in Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 1,361 shares during the period. Integrated Wealth Concepts LLC raised its holdings in Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 2,780 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cameco by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock valued at $24,895,000 after purchasing an additional 64,512 shares during the period. Finally, CWM LLC lifted its position in Cameco by 8.1% during the 2nd quarter. CWM LLC now owns 6,863 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 516 shares during the period. 70.21% of the stock is currently owned by institutional investors.

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.