Raymond James Financial Lowers Earnings Estimates for Cameco

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James Financial cut their Q4 2025 EPS estimates for Cameco in a report released on Wednesday, November 5th. Raymond James Financial analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.32. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Raymond James Financial also issued estimates for Cameco’s Q1 2026 earnings at $0.29 EPS, Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.43 EPS, Q4 2026 earnings at $0.55 EPS and FY2026 earnings at $1.62 EPS.

Several other analysts have also recently weighed in on CCJ. UBS Group set a $102.00 price objective on Cameco in a report on Tuesday, September 9th. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research report on Thursday. Finally, CLSA began coverage on Cameco in a research note on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of “Buy” and an average target price of $102.61.

Cameco Price Performance

Shares of Cameco stock traded down $0.97 during midday trading on Friday, reaching $89.27. The company had a trading volume of 1,525,703 shares, compared to its average volume of 4,878,837. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $86.44 and a 200 day simple moving average of $72.82. Cameco has a 1-year low of $35.00 and a 1-year high of $110.15. The company has a market capitalization of $38.87 billion, a price-to-earnings ratio of 102.76 and a beta of 0.98.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.24 per share. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. This represents a yield of 25.0%. Cameco’s dividend payout ratio is currently 13.79%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Manchester Capital Management LLC increased its position in shares of Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 300 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of Cameco during the 3rd quarter worth approximately $25,000. Dagco Inc. bought a new stake in shares of Cameco during the 1st quarter worth approximately $28,000. SVB Wealth LLC acquired a new stake in shares of Cameco in the 1st quarter valued at approximately $29,000. Finally, Trust Co. of Vermont grew its stake in shares of Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after buying an additional 350 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

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.