Desjardins Has Positive Forecast for Cameco FY2026 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities research analysts at Desjardins lifted their FY2026 earnings per share estimates for Cameco in a research report issued on Wednesday, November 5th. Desjardins analyst B. Adams now expects that the basic materials company will post earnings per share of $1.48 for the year, up from their prior estimate of $1.42. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

CCJ has been the topic of a number of other reports. CLSA assumed coverage on shares of Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Wall Street Zen raised Cameco from a “hold” rating to a “buy” rating in a report on Sunday, October 19th. Finally, National Bankshares restated an “outperform” rating on shares of Cameco in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average target price of $102.61.

Cameco Stock Performance

CCJ stock traded down $2.28 during midday trading on Friday, hitting $87.96. The company’s stock had a trading volume of 2,700,425 shares, compared to its average volume of 4,886,037. The stock has a market cap of $38.30 billion, a price-to-earnings ratio of 101.56 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $86.44 and its 200 day moving average price is $72.82. Cameco has a 1 year low of $35.00 and a 1 year high of $110.15.

Cameco Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a dividend of $0.24 per share. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 25.0%. Cameco’s dividend payout ratio (DPR) is presently 13.79%.

Institutional Investors Weigh In On Cameco

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Cameco during the second quarter worth approximately $341,736,000. Alliancebernstein L.P. grew its holdings in shares of Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Cameco by 41.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after purchasing an additional 2,071,373 shares during the period. Canada Pension Plan Investment Board lifted its stake in Cameco by 215.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock worth $83,636,000 after purchasing an additional 1,387,797 shares during the last quarter. Finally, Temasek Holdings Private Ltd purchased a new stake in Cameco during the first quarter valued at about $55,513,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.