Scotiabank Weighs in on Cameco's FY2026 Earnings (TSE:CCO)

Key Points

• Scotiabank raised its FY2026 EPS forecast for Cameco to C$1.21 from C$1.17.
• Cameco’s latest quarterly results included C$0.18 EPS and C$813.77 million in revenue, with a 10.21% net margin and 5.09% return on equity.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average target price of C$179.89, although the stock trades at a high P/E ratio of 143.20.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at Scotiabank raised their FY2026 earnings per share (EPS) estimates for Cameco in a research note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $1.21 per share for the year, up from their prior forecast of $1.17.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its quarterly earnings data on Friday, July 31st. The company reported C$0.18 EPS for the quarter. The company had revenue of C$813.77 million during the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.

A number of other research firms have also issued reports on CCO. Jefferies Financial Group set a C$190.00 target price on Cameco and gave the company a "buy" rating in a report on Thursday, September 3rd. Barclays lowered their price target on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. National Bank Financial set a C$185.00 price target on Cameco and gave the company an "outperform" rating in a research report on Monday, October 5th. UBS Group raised Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price target on the stock in a research report on Monday, July 27th. Finally, Royal Bank Of Canada set a C$184.00 price objective on Cameco and gave the stock an "outperform" rating in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$179.89.

Cameco Stock Performance

Cameco stock opened at C$115.99 on Thursday. Cameco has a fifty-two week low of C$109.89 and a fifty-two week high of C$182.72. The firm's 50 day simple moving average is C$132.36 and its 200-day simple moving average is C$141.90. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The company has a market cap of C$50.52 billion, a P/E ratio of 143.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

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.

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