RBC Capital Rates Cameco (CCJ) buy, $175 Price Target

RBC Capital reiterated its 'Buy' rating for Cameco Corporation (NYSE:CCJ) on June 29, 2026, setting a price target of $175. Analyst Andrew D. Wong continues to see upside in the uranium giant, which provides essential materials for nuclear power generation across the globe.

Other Institutional Activity in Cameco

MIRAE Asset Global ETFS Holdings Ltd. increased its stake in Cameco by 843,250 shares, bringing its total to 15,373,206 shares valued at approximately $1.67 billion, a 5.8% increase. In contrast, Capital World Investors trimmed its position by 282,437 shares, resulting in holdings of 13,262,917 shares worth about $1.44 billion, a 2.1% decrease. Vanguard Capital Management LLC opened a new position with 11,861,339 shares valued at $1.29 billion. Meanwhile, FMR LLC significantly reduced its stake by 5,861,426 shares, leaving it with 9,239,264 shares worth approximately $1 billion, marking a 38.8% decrease.

Cameco Corporation Stock Up 25.0%

As of Monday, shares of Cameco Corporation traded near $104.49. The company has a market cap of approximately $45.5 billion and a P/E ratio of 100.5. Its forward P/E is 55.8, with a beta of 0.983, indicating moderate volatility. The stock has traded between $68.96 and $135.24 over the past year, with a 50-day moving average of $112.05 and a 200-day moving average of $103.71. Cameco maintains a strong financial position with a current ratio of 3.08 and a quick ratio of 1.84. Its debt-to-equity ratio stands at 14.31.

Recent Earnings

Cameco reported revenue of approximately $3.54 billion, reflecting a 7.1% growth. The company's net margin is 18.4%, with a return on equity of 9.6%. Earnings per share stand at $1.04. Investors can look forward to the next earnings report on July 31, 2026.

Dividend

Cameco pays an annual dividend rate of $0.17, yielding 0.17% with a payout ratio of 16.1%.

Insider Buying and Selling at Cameco Corporation

Recent insider transactions at Cameco include several sales by Timothy Gitzel. On January 7, 2026, he sold 25,000 shares at an average price of $103.94. Earlier, on January 2, 2026, he sold 50,000 shares at $98.56. Other notable sales include Ronald Liam Mooney and Lisa Lorene Aitken, who sold 4,000 and 1,000 shares, respectively, at $100.17 on January 5, 2026.

Analysts Set New Price Targets

On June 29, 2026, RBC Capital maintained its 'Buy' rating for Cameco with a $175 price target. Barclays initiated coverage with a 'Hold' rating and a $108 target on May 22, 2026. GLJ Research reiterated its 'Buy' rating with a $171.2 target on February 18, 2026. The consensus among analysts is a 'Buy', with an average price target of $132.35 based on 10 analyst opinions.

About Cameco Corporation

Cameco Corporation is a leading provider of uranium, essential for generating electricity worldwide. The company operates through three segments: Uranium, Fuel Services, and Westinghouse. The Uranium segment focuses on mining and selling uranium concentrate. Fuel Services handles the refining and conversion of uranium. The Westinghouse segment offers nuclear reactor technology and services. Headquartered in Saskatoon, Canada, Cameco is led by CEO Timothy S. Gitzel.

Bottom Line

RBC Capital's reiteration of a 'Buy' rating with a $175 target reflects confidence in Cameco's market position. As one of the world's largest uranium suppliers, Cameco plays a crucial role in the nuclear power industry. Investors should note that analyst ratings are forward-looking assessments and may not align with future performance.