Scotiabank Has Bearish Forecast for Cameco FY2026 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Research analysts at Scotiabank cut their FY2026 earnings per share estimates for Cameco in a research note issued on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will earn $0.88 per share for the year, down from their prior estimate of $1.07. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Several other brokerages have also recently weighed in on CCJ. National Bank Financial reiterated an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Royal Bank Of Canada lifted their price target on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. UBS Group assumed coverage on shares of Cameco in a research report on Monday, November 10th. They set a “neutral” rating and a $140.00 price objective for the company. Finally, Zacks Research lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.03.

Cameco Stock Down 2.2%

CCJ stock opened at $118.63 on Monday. The company has a market cap of $51.67 billion, a price-to-earnings ratio of 122.30 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. The business’s 50-day moving average is $109.36 and its two-hundred day moving average is $93.81. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.07. The business had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a net margin of 17.00% and a return on equity of 9.35%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS.

Hedge Funds Weigh In On Cameco

Hedge funds have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in shares of Cameco during the fourth quarter valued at about $25,000. Financial Consulate Inc. bought a new position in Cameco during the third quarter valued at approximately $25,000. Founders Capital Management purchased a new position in Cameco during the 4th quarter valued at approximately $27,000. Mcguire Capital Advisors Inc. bought a new stake in Cameco in the 4th quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings 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 acquiring an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

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.