Cameco (TSE:CCO) Announces Earnings Results

Cameco (TSE:CCO) (NYSE:CCJ) released its quarterly earnings results on Tuesday. The company reported C$0.47 earnings per share (EPS) for the quarter, FiscalAI reports. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The company had revenue of C$845.37 million during the quarter.

Cameco Stock Up 8.0%

TSE CCO opened at C$168.75 on Thursday. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. The firm has a 50-day simple moving average of C$157.78 and a 200 day simple moving average of C$145.86. Cameco has a twelve month low of C$66.09 and a twelve month high of C$182.72. The stock has a market cap of C$73.50 billion, a PE ratio of 125.00, a PEG ratio of 2.22 and a beta of 0.76.

Key Stories Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Multiple broker price-target increases and bullish ratings lifted investor sentiment — Canaccord, Desjardins, National Bank and Scotia all raised targets or upgraded to outperform/buy, citing the company’s results and outlook. Analyst Ratings Roundup
• Positive Sentiment: Q1 results showed revenue and EPS growth (C$845.4M revenue; C$0.47 EPS) and management reaffirmed full-year guidance, supporting the view that operations and cash flow are on track. Cameco Reports First Quarter 2026 Results
• Positive Sentiment: Cameco reported higher realized uranium prices (about US$66/lb in Q1), which improves near-term revenue per pound and supports margin expansion if sustained. Realized Uranium Prices Rise
• Neutral Sentiment: Media/analyst commentary highlights Cameco as a blue?chip buy for investors looking to the next rally, reflecting broader investor interest in nuclear/uranium exposure. 2 Canadian Blue-Chip Stocks I’d Buy Before the Next Rally
• Neutral Sentiment: Coverage on valuation after the strong quarter is mixed — analysts note the improved fundamentals but also that shares trade at elevated multiples, so new money should weigh valuation versus growth/commodity outlook. A Look At Cameco’s Valuation After Strong Q1 Earnings
• Negative Sentiment: Valuation risk: the stock is trading near its 12?month high and carries a high P/E ratio, which raises downside risk if uranium prices or operational execution disappoint. Valuation Concerns

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCO shares. Berenberg Bank decreased their price target on shares of Cameco from C$201.00 to C$183.00 in a report on Thursday, February 19th. Scotiabank reduced their price objective on Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Scotia increased their price objective on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Canaccord Genuity Group increased their price objective on Cameco from C$185.00 to C$195.00 in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$176.19.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.