Cameco Corporation $CCJ Stock: Renaissance Investment Group LLC Grows Stake

Renaissance Investment Group LLC increased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 16.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,304 shares of the basic materials company’s stock after purchasing an additional 10,489 shares during the quarter. Renaissance Investment Group LLC’s holdings in Cameco were worth $6,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of CCJ. Bank of America Corp DE purchased a new position in shares of Cameco during the 2nd quarter valued at $735,498,000. Canada Pension Plan Investment Board acquired a new stake in shares of Cameco in the second quarter worth $420,346,000. BlackRock Inc. acquired a new position in Cameco during the 2nd quarter worth $381,091,000. Cibc World Market Inc. bought a new stake in Cameco during the 2nd quarter valued at approximately $354,022,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Cameco in the second quarter worth $301,990,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CCJ shares. Jefferies Financial Group assumed coverage on Cameco in a research report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price for the company. Bank of America lowered their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Zacks Research cut shares of Cameco from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Truist Financial decreased their target price on Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Finally, Weiss Ratings upgraded Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.93.

Cameco Stock Down 7.9%

CCJ stock opened at $76.87 on Friday. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The company has a market cap of $33.48 billion, a PE ratio of 130.29, a price-to-earnings-growth ratio of 1.68 and a beta of 1.17. The business has a 50-day simple moving average of $90.63 and a 200 day simple moving average of $104.19. Cameco Corporation has a 52 week low of $73.89 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a net margin of 10.20% and a return on equity of 7.59%. The firm had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. During the same period last year, the business earned $0.71 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. Sell-side analysts anticipate that Cameco Corporation will post 1.08 EPS for the current fiscal year.

More Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Uranium prices rose approximately 8% during the quarter, while Cameco said nuclear-industry fundamentals remain strong. The company reiterated that its disciplined strategy and integrated exposure, including Westinghouse, support long-term value creation. Cameco Q3 2026 earnings call transcript
• Positive Sentiment: Cameco declared an annual dividend, with the company signaling a payment of approximately $0.24, providing continued shareholder income despite near-term earnings volatility. Cameco dividend and production outlook
• Neutral Sentiment: The company narrowed its 2026 uranium production outlook to 19.5 million–20.5 million pounds. The tighter range improves visibility, but the lower production pace highlights ongoing execution and maintenance risks. Cameco production outlook
• Negative Sentiment: Third-quarter adjusted earnings per share were $0.10, below the $0.23 analyst consensus. Profit for the first nine months also declined, reinforcing concerns about earnings volatility. Cameco stock falls after lower nine-month profit
• Negative Sentiment: Planned maintenance and an outage at Key Lake reduced production by about 20% and sharply pressured quarterly revenue and earnings. Investors are concerned that mine disruptions, rising costs, and Westinghouse execution could undermine Cameco’s raised revenue outlook. Cameco Q3 2026 earnings
• Negative Sentiment: Unusually heavy put-option activity—49,822 contracts, more than double typical volume—signals increased near-term hedging or bearish speculation, although it does not by itself confirm future performance.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.