Desjardins Has Negative Forecast for Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Desjardins reduced their FY2026 earnings per share estimates for Cameco in a report released on Monday, June 16th. Desjardins analyst B. Adams now expects that the company will post earnings per share of $2.10 for the year, down from their previous estimate of $2.12. Desjardins has a “Buy” rating and a $105.00 price objective on the stock. Desjardins also issued estimates for Cameco’s FY2027 earnings at $2.11 EPS.

A number of other research analysts have also recently commented on the company. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Bank of America boosted their price target on Cameco from C$93.00 to C$106.00 in a report on Tuesday, June 10th. BMO Capital Markets boosted their price target on Cameco from C$85.00 to C$95.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. National Bankshares boosted their price target on Cameco from C$81.00 to C$95.00 in a report on Monday, June 9th. Finally, Raymond James Financial boosted their price target on Cameco from C$96.00 to C$102.00 and gave the stock an “outperform” rating in a report on Tuesday. Nine analysts have rated the stock with a buy rating and five have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$94.93.

Cameco Stock Up 1.0%

CCO stock opened at C$95.43 on Wednesday. Cameco has a twelve month low of C$48.71 and a twelve month high of C$96.64. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The stock has a market cap of C$42.00 billion, a P/E ratio of 360.56, a PEG ratio of 2.22 and a beta of 0.90. The business’s 50-day moving average price is C$72.57 and its 200-day moving average price is C$70.36.

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.