Cameco (NYSE:CCJ) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Cameco (NYSE:CCJ) (TSE:CCO) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks reports.

CCJ has been the subject of a number of other reports. Bank of America reduced their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Citigroup reaffirmed a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Barclays cut their price target on Cameco from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Monday. Jefferies Financial Group began coverage on Cameco in a research report on Thursday, September 3rd. They set a “buy” rating and a $138.00 price objective for the company. Finally, Weiss Ratings upgraded Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.38.

Cameco Stock Down 1.2%

Cameco stock opened at $71.67 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.55. Cameco has a one year low of $69.55 and a one year high of $135.24. The company has a 50-day simple moving average of $88.75 and a 200-day simple moving average of $103.61. The firm has a market capitalization of $31.21 billion, a P/E ratio of 108.59, a P/E/G ratio of 1.61 and a beta of 1.18.

Cameco Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a C$0.24 dividend. This represents a yield of 22.0%. The ex-dividend date is Monday, November 30th. Cameco’s dividend payout ratio is currently 25.76%.

Institutional Trading of Cameco

Institutional investors have recently made changes to their positions in the stock. Keybank National Association OH acquired a new stake in Cameco in the 3rd quarter valued at about $352,276,000. Fulcrum Asset Management LLP grew its stake in shares of Cameco by 136.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 35,094 shares of the basic materials company’s stock worth $3,043,000 after purchasing an additional 20,221 shares during the last quarter. Hager Investment Management Services LLC grew its stake in shares of Cameco by 5.8% in the 3rd quarter. Hager Investment Management Services LLC now owns 22,710 shares of the basic materials company’s stock worth $1,968,000 after purchasing an additional 1,254 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Cameco by 8.0% in the 3rd quarter. Brighton Jones LLC now owns 2,351 shares of the basic materials company’s stock worth $204,000 after purchasing an additional 175 shares in the last quarter. Finally, Candriam S.C.A. raised its holdings in shares of Cameco by 2.0% in the 3rd quarter. Candriam S.C.A. now owns 9,289 shares of the basic materials company’s stock worth $810,000 after purchasing an additional 179 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in its view of the stock. Zacks Research ratings
• Positive Sentiment: On its Q3 earnings call, Cameco highlighted disciplined uranium pricing, tight nuclear-fuel supplies and potential growth from Westinghouse—factors that support its longer-term prospects. Cameco Q3 earnings call highlights
• Neutral Sentiment: Cameco filed a technical report for its McArthur River operation. The filing provides operational information but the report announcement, by itself, does not indicate a change in production or financial outlook. Cameco reports document filing
• Negative Sentiment: Recent coverage cited a Q3 earnings miss, lower uranium sales and a reduced 2026 outlook, weighing on near-term expectations. Barclays also cut its price target, adding to pressure on sentiment. Cameco stock after Q3 earnings Barclays cuts Cameco price target
• Negative Sentiment: The earnings-call coverage also noted higher costs and weaker Q3 earnings, which may limit the near-term benefit of strong uranium-market fundamentals. Q3 earnings call highlights

About Cameco

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.