Cameco (NYSE:CCJ) Shares Down 3.2% – Here’s What Happened

Shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) fell 3.2% during mid-day trading on Tuesday . The stock traded as low as $113.30 and last traded at $114.4390. 5,384,162 shares were traded during trading, an increase of 38% from the average session volume of 3,905,763 shares. The stock had previously closed at $118.26.

More Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Q1 earnings and revenue beat expectations — Cameco reported Q1 EPS roughly $0.34–$0.36, above analyst estimates, and delivered a double?digit revenue surprise driven by stronger uranium market fundamentals and execution across its uranium, fuel services and Westinghouse-related businesses. Article Title
• Positive Sentiment: Macro/strategic tailwinds highlighted — Management and analysts point to rising global nuclear demand and Cameco’s vertically integrated model (mining?refining?Westinghouse stake) as durable growth drivers that underpin the beat and positive medium?term outlook. Article Title
• Neutral Sentiment: Annual guidance left largely unchanged — Cameco reiterated its FY2026 framework (revenue range communicated around ~$2.2B–$2.4B) and said results are consistent with annual expectations; management stayed cautious on changing full?year outlook. Investors will watch the conference call/slides for forward detail. Article Title
• Positive Sentiment: Analyst attention and technical interest — Recent coverage (e.g., William Blair initiation) and commentary that nuclear stocks are “heating up” has put Cameco near buy?point technical levels after the beat, supporting investor interest. Article Title
• Negative Sentiment: Guidance and upside expectations mixed — the revenue range is roughly in line to slightly below consensus, and management kept FY guidance steady, which may have disappointed investors expecting stronger upward revisions after the beat. Article Title
• Negative Sentiment: Valuation and profit?taking risk — CCJ’s valuation is elevated after a big run (12?month high recently), so some investors are locking in gains despite positive operational results, pressuring the share price. Article Title

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCJ. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Glj Research reaffirmed a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. Royal Bank Of Canada lifted their price objective on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average target price of $150.40.

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 1.68. The stock has a 50 day moving average price of $114.95 and a two-hundred day moving average price of $105.37. The firm has a market capitalization of $49.84 billion, a price-to-earnings ratio of 117.98, a PEG ratio of 2.05 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $874.57 million during the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.Cameco’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. As a group, analysts expect that Cameco Corporation will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after purchasing an additional 258,193 shares during the period. Capital World Investors boosted its holdings in Cameco by 0.3% in the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock valued at $1,240,047,000 after purchasing an additional 41,430 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock valued at $1,089,080,000 after purchasing an additional 85,762 shares during the period. Van ECK Associates Corp boosted its holdings in Cameco by 15.6% in the fourth quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock valued at $575,771,000 after purchasing an additional 849,188 shares during the period. Finally, Morgan Stanley boosted its holdings in Cameco by 7.0% in the fourth quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock valued at $455,468,000 after purchasing an additional 323,693 shares during the period. 70.21% of the stock is currently owned by hedge funds and other 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.