--- title: "Weekly Recap | Cameco +0.73%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/298096324.md" description: "Cameco (CCJ) rose 0.73% this week to close at $100.74, compared with a prior-week close of $100.01. The S&P 500 edged up 0.09%, so the stock outperformed the benchmark by about 0.64 percentage points. Trading was choppy: the stock opened Monday at $99.60 and slid to $98.76, then touched the week’s low of $94.69 on Tuesday before recovering over the next two sessions. Thursday closed at $100.62 and Friday ended narrowly higher at $100.74. The weekly range was 6.88%." datetime: "2026-09-05T06:24:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298096324.md) - [en](https://longbridge.com/en/news/298096324.md) - [zh-HK](https://longbridge.com/zh-HK/news/298096324.md) generator: "portal-rs" --- # Weekly Recap | Cameco +0.73%, most brokers rate it buy ## The Week Cameco (CCJ) rose 0.73% this week to close at $100.74, compared with a prior-week close of $100.01. The S&P 500 edged up 0.09%, so the stock outperformed the benchmark by about 0.64 percentage points. Trading was choppy: the stock opened Monday at $99.60 and slid to $98.76, then touched the week’s low of $94.69 on Tuesday before recovering over the next two sessions. Thursday closed at $100.62 and Friday ended narrowly higher at $100.74. The weekly range was 6.88%. The close sits in the upper half of the 60-day span of $83.15 to $111.54 and back above the 20-day moving average around $99.85. ## Key Events The main thread this week was new sell-side coverage and institutional positioning in nuclear names. Jefferies initiated Cameco and BWXT at Buy on Friday, adding both companies to its nuclear theme coverage; the same day showed Nykredit A S buying 198,832 shares and Tribune Investment Group LP raising its stake. Earlier in the week, materials-sector commentary focused on national security and government-driven restructuring, and a Canada research roundup on Thursday also mentioned Cameco. There was no company earnings release or major operating news this week; the story was mostly about broker initiations and position changes, while the share price recovered from the mid-week low. ## Analyst Ratings As of 3 September, 22 institutions cover Cameco: 12 rate it Buy, 8 Overweight and 2 Hold, with no Underweight or Sell ratings. The consensus rating is Buy, and the consensus target price is $130.86, about 29.89% above the latest price of $100.74. Targets range from $85.59 to $174.12, a fairly wide spread. On ratings rank, Cameco sits first among 15 comparable companies in the Coal and Consumable Fuels industry. ## The Week Ahead The macro calendar is concentrated on 10 September: initial jobless claims (prior 206, forecast 205), final demand PPI with its components, existing home sales and natural gas inventories will be released, and could affect sentiment across rate-sensitive stocks. Cameco has no earnings due next week; its Q3 results are scheduled for 30 October pre-market, with consensus estimates at $0.2665 EPS and $527m revenue. The broker initiations and stake increases this week will get their next fundamental check only with that report. ## In Short Cameco closed above $100 this week with a modest gain against the S&P 500, but it also traded as low as $94.69 on Tuesday, so near-term chop remains. The rating picture is solid: a Buy consensus, a target roughly 30% above spot, and the top industry rank. Yet the target range of $85.59 to $174.12 signals wide disagreement on fair value, and valuation is stretched at roughly 172x P/E and 8.74x P/B. The latest session’s flow showed large-lot money as a net seller while small-lot money was a net buyer. The next question is whether next week’s PPI and jobless claims shift sentiment for rate-sensitive names, and whether the late-October quarterly report can support the current premium and analyst target band. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [CCJ.US](https://longbridge.com/en/quote/CCJ.US.md) ## Related News & Research - [Cameco Controls the Uranium Refinery That Puts Canada in the Driver's Seat](https://longbridge.com/en/news/298822968.md) - [Westinghouse Eyes $50 Billion IPO As America Builds Valuations Faster Than Reactors](https://longbridge.com/en/news/299636410.md) - [$100 Invested In Corning 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/299663577.md) - [The World's Top Energy Watchdog Made the Bull Case for AI Power Stocks. Here's the Number That Matters.](https://longbridge.com/en/news/299564730.md) - [OMERS ADMINISTRATION Corp Invests $16.58 Million in Cameco Corporation $CCJ](https://longbridge.com/en/news/296772755.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**