Scotiabank Has Bearish Forecast for Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Scotiabank decreased their FY2026 EPS estimates for shares of Cameco in a research note issued to investors on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $1.20 for the year, down from their prior forecast of $1.48. Scotiabank has a “Outperform” rating and a $150.00 price target on the stock.

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

A number of other brokerages have also recently issued reports on CCO. Bank of America lifted their price objective on Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. National Bank Financial raised their price target on Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a report on Friday, February 6th. UBS Group raised Cameco to a “hold” rating in a research report on Monday, November 10th. Desjardins upped their price target on shares of Cameco from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein increased their price objective on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$172.38.

Cameco Stock Performance

Shares of CCO opened at C$165.86 on Monday. 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$72.24 billion, a P/E ratio of 122.86, a P/E/G ratio of 2.22 and a beta of 1.24. The business’s 50 day moving average price is C$149.32 and its 200-day moving average price is C$129.42. Cameco has a 52 week low of C$49.75 and a 52 week high of C$182.72.

About Cameco

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.