National Bank Financial Cuts Earnings Estimates for Cameco

Key Points

• Cameco's FY2026 earnings per share (EPS) estimate has been reduced from $1.38 to $1.35 by National Bank Financial, indicating a slight decline in anticipated profitability.
• Despite the EPS cut, several analysts, including Bank of America and Royal Bank of Canada, have increased their price targets for Cameco's stock, reflecting continued confidence in the company's prospects.
• Cameco's stock has recently experienced a decline of 3.3%, with shares opening at C$100.63 and a market capitalization of C$44.29 billion.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Research analysts at National Bank Financial reduced their FY2026 earnings per share estimates for shares of Cameco in a report released on Thursday, July 31st. National Bank Financial analyst M. Sidibe now expects that the company will earn $1.35 per share for the year, down from their previous forecast of $1.38. National Bank Financial also issued estimates for Cameco's FY2027 earnings at $2.34 EPS.

Other equities analysts have also recently issued research reports about the stock. Berenberg Bank raised their price target on shares of Cameco from C$75.00 to C$96.00 in a research report on Tuesday, June 10th. National Bankshares increased their target price on shares of Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Stifel Nicolaus upped their target price on shares of Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. BMO Capital Markets upped their price objective on shares of Cameco from C$105.00 to C$110.00 in a research note on Tuesday. Finally, Canaccord Genuity Group lifted their target price on shares of Cameco from C$92.00 to C$115.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Nine research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$106.31.

Cameco Trading Down 1.1%

CCO traded down C$1.17 during trading on Monday, hitting C$104.07. The company's stock had a trading volume of 624,670 shares, compared to its average volume of 1,222,892. Cameco has a twelve month low of C$48.71 and a twelve month high of C$110.85. 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 firm has a market capitalization of C$45.80 billion, a P/E ratio of 393.21, a PEG ratio of 2.22 and a beta of 0.90. The stock's fifty day moving average price is C$97.23 and its 200-day moving average price is C$76.33.

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.