Cameco Co. (TSE:CCO – Free Report) (NYSE:CCJ) – Stock analysts at Scotiabank raised their FY2026 EPS estimates for shares of Cameco in a report released on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $1.48 per share for the year, up from their prior forecast of $1.46.
A number of other research firms have also issued reports on CCO. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Desjardins upped their price objective on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group increased their price objective on Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. National Bank Financial increased their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Barclays set a C$149.00 target price on Cameco and gave the company an “equal weight” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$175.43.
Cameco Price Performance
Shares of TSE:CCO opened at C$134.26 on Thursday. The company has a 50-day simple moving average of C$150.02 and a 200-day simple moving average of C$153.03. Cameco has a one year low of C$94.96 and a one year high of C$182.72. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. The stock has a market capitalization of C$58.47 billion, a price-to-earnings ratio of 90.11, a PEG ratio of 2.22 and a beta of 0.81.
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The company had revenue of C$845.37 million for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%.
Insider Activity at Cameco
In other news, insider Alexandre Aubin sold 300 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total value of C$44,559.00. Following the completion of the sale, the insider owned 20 shares in the company, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their position. Company insiders own 0.15% of the company’s stock.
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.
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