Scotiabank Comments on Cameco’s FY2026 Earnings (TSE:CCO)

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

Several other equities research analysts have also commented on the stock. Berenberg Bank reduced their price target on shares of Cameco from C$201.00 to C$183.00 in a research report on Thursday. TD Securities raised their price objective on shares of Cameco from C$150.00 to C$185.00 in a report on Thursday, January 22nd. Raymond James Financial reduced their target price on shares of Cameco from C$180.00 to C$175.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Royal Bank Of Canada increased their price target on shares of Cameco from C$150.00 to C$160.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Finally, Bank of America lifted their price target on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$172.38.

Cameco Stock Up 1.7%

CCO stock opened at C$165.86 on Monday. The company has a market cap of C$72.24 billion, a price-to-earnings ratio of 122.86, a P/E/G ratio of 2.22 and a beta of 1.24. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The business’s 50-day moving average is C$149.32 and its two-hundred day moving average is C$129.42. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$182.72.

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

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.