Scotiabank Has Pessimistic Outlook of Cameco FY2027 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for Cameco in a report released on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $2.03 per share for the year, down from their prior forecast of $2.13. Scotiabank has a “Outperform” rating and a $150.00 price target on the stock.

CCO has been the topic of a number of other research reports. Canaccord Genuity Group decreased their target price on shares of Cameco from C$190.00 to C$185.00 in a research report on Tuesday. BMO Capital Markets lifted their price objective on Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. UBS Group raised Cameco to a “hold” rating in a research note on Monday, November 10th. Berenberg Bank reduced their price target on Cameco from C$201.00 to C$183.00 in a research report on Thursday. Finally, Bank of America lifted their price target on 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 issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$172.38.

Cameco Trading Up 2.3%

Shares of CCO opened at C$163.11 on Friday. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$182.72. The firm has a market cap of C$71.04 billion, a price-to-earnings ratio of 120.82, a PEG ratio of 2.22 and a beta of 1.24. The firm has a 50 day moving average price of C$148.53 and a 200-day moving average price of C$128.61. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

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

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. 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.