Cameco (NYSE:CCJ) Shares Up 2.3% – Here’s Why

Cameco Corporation (NYSE:CCJ) (TSE:CCO) traded up 2.3% during trading on Thursday . The stock traded as high as $119.78 and last traded at $119.1430. 2,904,997 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 4,746,267 shares. The stock had previously closed at $116.50.

Cameco News Summary

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: GLJ Research reiterated a buy rating on Cameco, supporting upside sentiment from some sell‑side firms that expect continued strength in uranium demand. GLJ Research Reiterates Buy for Cameco (NYSE:CCJ)
• Positive Sentiment: MarketBeat highlighted a bullish, longer-term case that global adoption of nuclear power could keep demand for uranium—and Cameco’s revenues—elevated, a thematic driver that has helped CCJ’s recent run. Can Cameco Continue Its Run?
• Neutral Sentiment: Scotiabank trimmed its FY2027 EPS forecast for Cameco slightly (from $1.53 to $1.48) but left an Outperform rating in place—this is a modest earnings haircut rather than a full-scale outlook change, so the impact may be limited unless revisions accelerate. MarketBeat: Cameco / Scotiabank Note
• Negative Sentiment: Zacks Research downgraded Cameco from “strong-buy” to “hold,” which can pressure momentum players and reduce near-term buying conviction. Zacks.com
• Negative Sentiment: There was unusually large put option activity—roughly 28,210 puts (about a 942% increase vs. average)—indicating elevated hedging or speculative bearish positioning that can amplify intraday volatility and signal downside risk if sentiment shifts. Investors Buy High Volume of Cameco Put Options

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent research reports. The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research report on Wednesday, February 4th. Royal Bank Of Canada increased their price target on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday. National Bank Financial reissued an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. Glj Research reaffirmed a “buy” rating and issued a $171.20 target price (up previously from $100.00) on shares of Cameco in a research report on Wednesday. Finally, Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.03.

Cameco Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.85. The business’s 50-day moving average price is $108.78 and its two-hundred day moving average price is $93.26. The firm has a market cap of $52.77 billion, a price-to-earnings ratio of 124.91 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The firm had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. On average, research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently bought and sold shares of the company. Bison Wealth LLC increased its holdings in shares of 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 during the last quarter. AQR Capital Management LLC boosted its holdings 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 increased its stake in Cameco by 48.7% during 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cameco by 11.9% during 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 valued at $24,895,000 after purchasing an additional 64,512 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of 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 purchasing an additional 516 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.