FY2026 Earnings Forecast for Cameco Issued By Desjardins

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at Desjardins lifted their FY2026 earnings per share estimates for shares of Cameco in a research report issued on Wednesday, October 1st. Desjardins analyst B. Adams now anticipates that the company will post earnings per share of $1.97 for the year, up from their prior forecast of $1.93. Desjardins has a “Buy” rating and a $110.00 price objective on the stock.

Other analysts have also issued research reports about the company. National Bankshares lifted their price objective on Cameco from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, August 22nd. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a report on Monday, September 22nd. Bank of America lifted their price objective on Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th. BMO Capital Markets lifted their price objective on Cameco from C$110.00 to C$120.00 in a report on Friday, August 29th. Finally, Berenberg Bank lifted their price objective on Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$113.46.

Cameco Stock Performance

CCO opened at C$117.50 on Monday. The firm has a market capitalization of C$51.16 billion, a P/E ratio of 96.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The stock’s 50 day moving average price is C$108.78 and its two-hundred day moving average price is C$89.13. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a 12-month low of C$49.75 and a 12-month high of C$123.50.

Cameco Company Profile

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.