Desjardins Has Pessimistic View of Cameco FY2026 Earnings

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Stock analysts at Desjardins lowered their FY2026 earnings estimates for Cameco in a report issued on Monday, June 16th. Desjardins analyst B. Adams now anticipates that the company will earn $2.10 per share for the year, down from their prior forecast of $2.12. Desjardins currently has a "Buy" rating and a $105.00 price objective on the stock. Desjardins also issued estimates for Cameco's FY2027 earnings at $2.11 EPS.

A number of other research firms have also weighed in on CCO. Sanford C. Bernstein upgraded shares of Cameco to a "strong-buy" rating in a research report on Tuesday, April 1st. Stifel Nicolaus upped their target price on shares of Cameco from C$90.00 to C$105.00 in a research report on Tuesday, June 10th. Royal Bank Of Canada upped their target price on shares of Cameco from C$90.00 to C$100.00 and gave the stock an "outperform" rating in a research report on Friday. Raymond James Financial upped their target price on shares of Cameco from C$96.00 to C$102.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$96.85.

Cameco Price Performance

Shares of CCO traded down C$0.48 during mid-day trading on Wednesday, reaching C$93.85. The stock had a trading volume of 2,082,048 shares, compared to its average volume of 1,222,841. The firm has a market cap of C$41.31 billion, a price-to-earnings ratio of 354.60, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$96.64. The business has a fifty day moving average of C$74.11 and a 200 day moving average of C$70.42. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

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.