Scotiabank Has Bearish Outlook for Cameco FY2027 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Investment analysts at Scotiabank decreased their FY2027 earnings estimates for shares of Cameco in a research note issued to investors on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will earn $1.48 per share for the year, down from their prior forecast of $1.53. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis.

Other analysts also recently issued reports about the stock. National Bank Financial restated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Finally, Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.03.

Cameco Trading Up 1.8%

NYSE:CCJ opened at $121.16 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.85. The business’s 50-day simple moving average is $108.78 and its 200-day simple moving average is $93.40. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $135.24. The stock has a market capitalization of $52.77 billion, a PE ratio of 124.91 and a beta of 0.99.

Institutional Investors Weigh In On Cameco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Financial Consulate Inc. bought a new position in Cameco in the third quarter valued at approximately $25,000. Founders Capital Management bought a new position in Cameco in the fourth quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco during the 4th quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Key Stories Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: GLJ Research reiterated a buy rating on Cameco, supporting upside sentiment from some sell‑side firms that expect continued strength in uranium demand. GLJ Research Reiterates Buy for Cameco (NYSE:CCJ)
• Positive Sentiment: MarketBeat highlighted a bullish, longer-term case that global adoption of nuclear power could keep demand for uranium—and Cameco’s revenues—elevated, a thematic driver that has helped CCJ’s recent run. Can Cameco Continue Its Run?
• Neutral Sentiment: Scotiabank trimmed its FY2027 EPS forecast for Cameco slightly (from $1.53 to $1.48) but left an Outperform rating in place—this is a modest earnings haircut rather than a full-scale outlook change, so the impact may be limited unless revisions accelerate. MarketBeat: Cameco / Scotiabank Note
• Negative Sentiment: Zacks Research downgraded Cameco from “strong-buy” to “hold,” which can pressure momentum players and reduce near-term buying conviction. Zacks.com
• Negative Sentiment: There was unusually large put option activity—roughly 28,210 puts (about a 942% increase vs. average)—indicating elevated hedging or speculative bearish positioning that can amplify intraday volatility and signal downside risk if sentiment shifts. Investors Buy High Volume of Cameco Put Options

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.