Desjardins Has Pessimistic Outlook of Cameco FY2026 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities researchers at Desjardins reduced their FY2026 earnings per share estimates for shares of Cameco in a research note issued on Thursday, July 31st. Desjardins analyst B. Adams now expects that the basic materials company will earn $1.41 per share for the year, down from their prior forecast of $1.53. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Desjardins also issued estimates for Cameco’s FY2027 earnings at $1.46 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The company’s revenue was up 46.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS.

Other analysts also recently issued reports about the company. Royal Bank Of Canada upped their target price on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday. Glj Research reiterated a “buy” rating and set a $75.27 target price on shares of Cameco in a research report on Thursday, June 12th. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an “outperform” rating in a research report on Tuesday, June 10th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research report on Wednesday, June 18th. Finally, The Goldman Sachs Group upped their price objective on Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Ten analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $82.65.

Cameco Stock Performance

NYSE:CCJ opened at $72.97 on Monday. The stock has a fifty day moving average price of $70.40 and a 200-day moving average price of $54.41. The company has a market cap of $31.77 billion, a price-to-earnings ratio of 83.87 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $80.32.

Hedge Funds Weigh In On Cameco

Several large investors have recently bought and sold shares of CCJ. O Shaughnessy Asset Management LLC raised its position in Cameco by 19.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,781 shares of the basic materials company’s stock valued at $708,000 after purchasing an additional 2,226 shares during the last quarter. Franklin Resources Inc. raised its position in Cameco by 37.1% in the fourth quarter. Franklin Resources Inc. now owns 171,612 shares of the basic materials company’s stock valued at $8,814,000 after purchasing an additional 46,440 shares during the last quarter. Geode Capital Management LLC raised its position in Cameco by 31.8% in the fourth quarter. Geode Capital Management LLC now owns 2,518,655 shares of the basic materials company’s stock valued at $130,550,000 after purchasing an additional 607,041 shares during the last quarter. Trexquant Investment LP bought a new position in Cameco in the fourth quarter valued at about $822,000. Finally, Arete Wealth Advisors LLC bought a new position in Cameco in the fourth quarter valued at about $311,000. 70.21% of the stock is currently owned by institutional investors.

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.