Scotiabank Has Negative Estimate for Cameco FY2027 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank reduced their FY2027 earnings per share estimates for shares of Cameco in a research report issued on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $2.03 per share for the year, down from their prior estimate of $2.13. Scotiabank currently has a “Outperform” rating and a $150.00 target price on the stock.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The company had revenue of C$1.20 billion for the quarter.

CCO has been the topic of several other reports. Royal Bank Of Canada lifted their target price on shares of Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Tuesday. TD Securities lifted their price objective on shares of Cameco from C$150.00 to C$185.00 in a research report on Thursday, January 22nd. Raymond James Financial cut their target price on shares of Cameco from C$180.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Tuesday. Bank of America raised their target price on Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Berenberg Bank lowered their price target on Cameco from C$201.00 to C$183.00 in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$172.38.

Cameco Trading Up 1.7%

Shares of CCO opened at C$165.86 on Friday. The business’s 50-day moving average price is C$149.32 and its 200 day moving average price is C$129.06. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The stock has a market capitalization of C$72.24 billion, a P/E ratio of 122.86, a P/E/G ratio of 2.22 and a beta of 1.24. Cameco has a 1-year low of C$49.75 and a 1-year high of C$182.72.

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. 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.