Scotiabank Has Bullish Estimate for Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for shares of Cameco in a report released on Wednesday, May 6th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $1.46 for the year, up from their previous forecast of $1.21. Scotiabank currently has a “Outperform” rating and a $150.00 price objective on the stock.

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

A number of other research firms have also recently commented on CCO. Sanford C. Bernstein boosted their price target on shares of Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Royal Bank Of Canada raised their price objective on shares of Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. National Bank Financial increased their target price on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James Financial raised their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$176.19.

Cameco Trading Down 3.9%

Shares of CCO opened at C$162.16 on Friday. The firm’s 50 day simple moving average is C$157.70 and its 200 day simple moving average is C$146.15. The company has a market capitalization of C$70.63 billion, a P/E ratio of 120.12, a P/E/G ratio of 2.22 and a beta of 0.76. The company has a debt-to-equity ratio of 14.11, a current ratio of 3.08 and a quick ratio of 3.74. Cameco has a 1-year low of C$67.96 and a 1-year high of C$182.72.

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.