Research Analysts Issue Forecasts for Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Investment analysts at Desjardins boosted their FY2026 EPS estimates for shares of Cameco in a research note issued on Wednesday, November 5th. Desjardins analyst B. Adams now expects that the company will earn $2.08 per share for the year, up from their previous forecast of $1.97. Desjardins currently has a “Buy” rating and a $110.00 target price on the stock.

Several other equities research analysts also recently commented on CCO. CLSA raised Cameco to a “moderate buy” rating in a report on Tuesday, September 9th. Raymond James Financial lifted their price target on shares of Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Bank of America lifted their target price on Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Stifel Nicolaus upped their target price on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, TD Securities raised their price target on shares of Cameco from C$118.00 to C$142.00 in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus target price of C$137.30.

Cameco Stock Performance

Cameco stock traded down C$3.71 on Friday, hitting C$123.76. The company’s stock had a trading volume of 448,296 shares, compared to its average volume of 1,240,190. Cameco has a one year low of C$49.75 and a one year high of C$153.59. The firm has a market cap of C$53.88 billion, a P/E ratio of 101.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.28. The company has a fifty day moving average price of C$120.27 and a 200-day moving average price of C$100.66. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

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.