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

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Scotiabank upped their FY2026 earnings estimates for Cameco in a report issued on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $1.70 for the year, up from their prior estimate of $1.67. Scotiabank has a “Outperform” rating and a $81.00 price target on the stock.

A number of other equities analysts have also weighed in on the stock. Desjardins upgraded shares of Cameco to a “moderate buy” rating in a research report on Thursday, April 3rd. TD Securities dropped their price target on Cameco from C$90.00 to C$77.00 and set a “buy” rating for the company in a research report on Tuesday. National Bankshares cut their target price on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a report on Tuesday, April 1st. Six equities research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$83.22.

Cameco Price Performance

Shares of TSE CCO opened at C$57.25 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$25.20 billion, a price-to-earnings ratio of 216.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The stock has a fifty day simple moving average of C$61.38 and a two-hundred day simple moving average of C$70.30.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.