Raymond James Financial Raises Earnings Estimates for Cameco

Key Points

• Analysts at Raymond James Financial have raised their Q1 2026 EPS estimates for Cameco to $0.41, reflecting growing confidence in the company's performance.
• Target prices for Cameco shares have been increased by several firms, with Bank of America setting a new target of C$106.00 and Canaccord Genuity setting it at C$115.00, indicating strong demand for the stock.
• Cameco's stock has seen a 4.4% increase recently, with a market capitalization of C$45.60 billion and an average target price of C$107.08 from analysts.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Analysts at Raymond James Financial raised their Q1 2026 earnings per share estimates for Cameco in a report released on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now expects that the company will post earnings per share of $0.41 for the quarter, up from their previous estimate of $0.39. Raymond James Financial also issued estimates for Cameco's Q2 2026 earnings at $0.50 EPS, Q3 2026 earnings at $0.64 EPS and FY2026 earnings at $2.49 EPS.

Several other brokerages have also recently issued reports on CCO. Scotiabank raised their target price on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Royal Bank Of Canada raised their target price on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Bank of America raised their target price on Cameco from C$110.00 to C$130.00 in a research report on Friday. Berenberg Bank raised their target price on Cameco from C$75.00 to C$96.00 in a research report on Tuesday, June 10th. Finally, Canaccord Genuity Group lifted their price objective on Cameco from C$92.00 to C$115.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$109.69.

Cameco Stock Performance

TSE:CCO traded down C$1.90 on Monday, hitting C$106.24. The stock had a trading volume of 2,236,983 shares, compared to its average volume of 1,230,772. The stock has a market cap of C$46.26 billion, a price-to-earnings ratio of 87.08, a price-to-earnings-growth ratio of 2.22 and a beta of 1.07. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The business's 50-day simple moving average is C$103.34 and its two-hundred day simple moving average is C$80.18. Cameco has a 52-week low of C$48.71 and a 52-week high of C$114.25.

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.