FY2027 Earnings Forecast for Cameco Issued By Scotiabank

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at Scotiabank decreased their FY2027 earnings estimates for Cameco in a research note issued on Wednesday, May 6th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $1.86 per share for the year, down from their previous forecast of $2.01. Scotiabank currently has a “Outperform” rating and a $150.00 target price on the stock.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$845.37 million for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%.

Other equities analysts have also issued reports about the stock. National Bank Financial increased their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotia increased their price objective on shares of Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. Canaccord Genuity Group upped their price target on shares of Cameco from C$185.00 to C$195.00 in a research note on Wednesday. Finally, William Blair upgraded shares of Cameco to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$176.19.

Cameco Price Performance

Shares of CCO opened at C$168.75 on Thursday. The firm has a market capitalization of C$73.50 billion, a PE ratio of 125.00, a PEG ratio of 2.22 and a beta of 0.76. The company’s 50-day moving average is C$157.78 and its 200-day moving average is C$145.86. Cameco has a fifty-two week low of C$66.09 and a fifty-two week high of C$182.72. The company has a debt-to-equity ratio of 14.11, a current ratio of 3.08 and a quick ratio of 3.74.

Trending Headlines about Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Multiple broker price-target increases and bullish ratings lifted investor sentiment — Canaccord, Desjardins, National Bank and Scotia all raised targets or upgraded to outperform/buy, citing the company’s results and outlook. Analyst Ratings Roundup
• Positive Sentiment: Q1 results showed revenue and EPS growth (C$845.4M revenue; C$0.47 EPS) and management reaffirmed full-year guidance, supporting the view that operations and cash flow are on track. Cameco Reports First Quarter 2026 Results
• Positive Sentiment: Cameco reported higher realized uranium prices (about US$66/lb in Q1), which improves near-term revenue per pound and supports margin expansion if sustained. Realized Uranium Prices Rise
• Neutral Sentiment: Media/analyst commentary highlights Cameco as a blue?chip buy for investors looking to the next rally, reflecting broader investor interest in nuclear/uranium exposure. 2 Canadian Blue-Chip Stocks I’d Buy Before the Next Rally
• Neutral Sentiment: Coverage on valuation after the strong quarter is mixed — analysts note the improved fundamentals but also that shares trade at elevated multiples, so new money should weigh valuation versus growth/commodity outlook. A Look At Cameco’s Valuation After Strong Q1 Earnings
• Negative Sentiment: Valuation risk: the stock is trading near its 12?month high and carries a high P/E ratio, which raises downside risk if uranium prices or operational execution disappoint. Valuation Concerns

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.