Scotiabank Brokers Increase Earnings Estimates for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank raised their FY2026 earnings per share estimates for Cameco in a report issued on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $1.70 per share for the year, up from their prior estimate of $1.67. Scotiabank has a “Outperform” rating and a $81.00 price objective on the stock.

CCO has been the topic of several other research reports. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. TD Securities cut their price target on Cameco from C$90.00 to C$77.00 and set a “buy” rating for the company in a report on Tuesday. National Bankshares lowered their target price on Cameco from C$87.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. Desjardins raised shares of Cameco to a “moderate buy” rating in a report on Thursday, April 3rd. Finally, Sanford C. Bernstein raised Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Six analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and an average price target of C$83.22.

Cameco Price Performance

TSE CCO opened at C$57.25 on Wednesday. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The business has a 50 day simple moving average of C$61.38 and a 200 day simple moving average of C$70.30. The stock has a market cap of C$25.20 billion, a price-to-earnings ratio of 216.31, a PEG ratio of 2.22 and a beta of 0.90.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.