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

Renaissance Investment Group LLC boosted its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 73,304 shares of the basic materials company’s stock after buying an additional 10,489 shares during the period. Renaissance Investment Group LLC’s holdings in Cameco were worth $6,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in shares of Cameco during the 2nd quarter valued at about $735,498,000. Canada Pension Plan Investment Board acquired a new stake in shares of Cameco in the second quarter worth approximately $420,346,000. BlackRock Inc. acquired a new stake in shares of Cameco in the second quarter worth approximately $381,091,000. Cibc World Market Inc. acquired a new stake in shares of Cameco in the second quarter worth approximately $354,022,000. Finally, Amundi grew its holdings in Cameco by 13.7% in the second quarter. Amundi now owns 2,992,074 shares of the basic materials company’s stock valued at $304,773,000 after purchasing an additional 359,375 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CCJ. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Barclays decreased their price target on shares of Cameco from $97.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Zacks Research downgraded Cameco from a “hold” rating to a “strong sell” rating in a report on Monday, October 5th. Finally, Bank of America cut their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $147.93.

Cameco Stock Down 7.9%

CCJ opened at $76.87 on Friday. Cameco Corporation has a 1 year low of $73.89 and a 1 year high of $135.24. The firm has a 50 day moving average price of $90.63 and a 200 day moving average price of $104.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. 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.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results 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). The company had revenue of $573.06 million during the quarter, compared to analysts’ expectations of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%. Cameco’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. Sell-side analysts expect that Cameco Corporation will post 1.08 earnings per share for the current year.

Key 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 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.