Scotiabank Has Pessimistic Outlook of Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Scotiabank reduced their FY2026 EPS estimates for Cameco in a research report issued to clients and investors on Tuesday, August 4th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $1.17 per share for the year, down from their previous forecast of $1.48.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. The company had revenue of C$845.37 million for the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%.

CCO has been the topic of several other reports. Canaccord Genuity Group increased their price target on shares of Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Truist Financial upgraded Cameco to a “strong-buy” rating in a report on Monday, July 13th. National Bank Financial upped their target price on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price on the stock in a research note on Monday, July 27th. Finally, Scotia lifted their price target on Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$175.61.

Cameco Stock Performance

Shares of CCO stock opened at C$131.36 on Friday. The company has a market capitalization of C$57.21 billion, a price-to-earnings ratio of 162.17, a PEG ratio of 2.22 and a beta of 0.78. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06. The company has a 50-day simple moving average of C$138.25 and a 200 day simple moving average of C$151.29. Cameco has a 52 week low of C$95.60 and a 52 week high of C$182.72.

Insider Activity at Cameco

In related news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction dated 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 transaction, the insider directly owned 20 shares in the company, valued at approximately C$2,970.60. This represents a 93.75% decrease in their ownership of the stock. Company insiders own 0.15% of the company’s stock.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.