Cameco (NYSE:CCJ) Trading 3.2% Higher – What’s Next?

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

Cameco News Summary

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 Analyst Weigh In

A number of research analysts recently commented on CCJ shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 target price on shares of Cameco in a research report on Thursday, February 5th. UBS Group assumed coverage on shares of Cameco in a research note on Monday, November 10th. They set a “neutral” rating and a $140.00 price target on the stock. National Bank Financial reiterated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Finally, Zacks Research raised Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $143.03.

Cameco Trading Up 3.2%

The company has a market capitalization of $50.76 billion, a P/E ratio of 120.17 and a beta of 0.99. The company has a 50-day simple moving average of $107.26 and a 200 day simple moving average of $92.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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. The business had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.43%. Cameco’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.36 earnings per share. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Cameco

Institutional investors have recently added to or reduced their stakes in the company. Bison Wealth LLC raised its holdings in Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after acquiring an additional 2,975 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Cameco by 16.6% in the first quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 1,361 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Cameco by 11.9% in the first 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 worth $24,895,000 after purchasing an additional 64,512 shares during the period. Finally, CWM LLC boosted its stake in Cameco by 8.1% during the second quarter. CWM LLC now owns 6,863 shares of the basic materials company’s stock worth $509,000 after buying an additional 516 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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.