Scotiabank Has Optimistic Outlook of Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Scotiabank increased their FY2026 EPS estimates for shares of Cameco in a research report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $1.21 for the year, up from their previous forecast of $1.20. Scotiabank has a “Outperform” rating and a $150.00 price target on the stock.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Friday, February 13th. The company reported C$0.50 EPS for the quarter. The company had revenue of C$1.20 billion for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%.

A number of other research firms also recently commented on CCO. Canaccord Genuity Group cut their target price on shares of Cameco from C$190.00 to C$185.00 in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised their target price on shares of Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Berenberg Bank cut their target price on shares of Cameco from C$201.00 to C$183.00 in a research report on Thursday, February 19th. William Blair raised shares of Cameco to a “strong-buy” rating in a research report on Monday. Finally, Sanford C. Bernstein raised their target price on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus target price of C$174.85.

Cameco Trading Up 8.4%

CCO stock opened at C$172.88 on Wednesday. The company has a market capitalization of C$75.29 billion, a PE ratio of 128.06, a P/E/G ratio of 2.22 and a beta of 0.76. Cameco has a 12 month low of C$57.25 and a 12 month high of C$182.72. The firm’s 50-day moving average is C$156.97 and its 200 day moving average is C$143.47. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74.

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.