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

Key Points

• Scotiabank cut its Cameco FY2026 EPS estimate to $0.90 from $1.21 and forecast FY2027 EPS of $1.80.
• Cameco shares were reported down 4.2%, opening at C$95.85; the company’s latest quarter showed a C$0.01-per-share loss and revenue of C$619.06 million.
• Analyst sentiment remained positive overall: MarketBeat reported an average “Buy” rating and C$179.18 average price target across analysts.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at Scotiabank reduced their FY2026 earnings per share estimates for Cameco in a report issued on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $0.90 for the year, down from their previous estimate of $1.21. Scotiabank also issued estimates for Cameco's FY2027 earnings at $1.80 EPS.

Several other research firms also recently commented on CCO. Barclays reduced their price objective on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Jefferies Financial Group set a C$190.00 target price on Cameco and gave the stock a "buy" rating in a report on Thursday, September 3rd. Truist Financial raised Cameco to a "strong-buy" rating in a research report on Monday, July 13th. Royal Bank Of Canada set a C$184.00 price target on Cameco and gave the company an "outperform" rating in a research note on Thursday, September 24th. Finally, UBS Group upgraded Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price objective for the company in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$179.18.

Cameco Stock Down 4.2%

Shares of TSE CCO opened at C$95.85 on Friday. Cameco has a 52-week low of C$92.52 and a 52-week high of C$182.72. The firm has a market capitalization of C$41.75 billion, a price-to-earnings ratio of 105.33, a PEG ratio of 2.22 and a beta of 1.29. The stock has a 50 day moving average price of C$123.52 and a 200 day moving average price of C$143.41. The company has a debt-to-equity ratio of 13.95, a quick ratio of 3.74 and a current ratio of 2.55.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its earnings results on Friday, October 30th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$619.06 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 11.43%.

Cameco Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.24 per share. This represents a yield of 24.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco's dividend payout ratio (DPR) is presently 26.37%.

About Cameco

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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