What is Scotiabank's Estimate for Cameco FY2027 Earnings?

Key Points

• Scotiabank raised Cameco’s FY2027 EPS estimate to $2.05 from $1.85, according to analyst O. Wowkodaw.
• Cameco shares opened at C$122.57 after declining 2.4%; the stock has traded between C$109.89 and C$182.72 over the past 52 weeks.
• Analysts maintain a consensus “Buy” rating on Cameco, with an average price target of C$179.89 and multiple firms setting targets near C$185–C$190.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Research analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for Cameco in a report released on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $2.05 per share for the year, up from their previous estimate of $1.85.

Several other research analysts have also recently commented on CCO. Royal Bank Of Canada set a C$184.00 target price on shares of Cameco and gave the stock an "outperform" rating in a report on Thursday, September 24th. TD set a C$190.00 price target on Cameco and gave the company a "buy" rating in a research note on Thursday, September 24th. National Bank Financial set a C$185.00 price target on Cameco and gave the stock an "outperform" rating in a research report on Monday, October 5th. UBS Group upgraded Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price objective on the stock in a research note on Monday, July 27th. Finally, Jefferies Financial Group set a C$190.00 price objective on Cameco and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Two 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$179.89.

Cameco Trading Down 2.4%

CCO stock opened at C$122.57 on Wednesday. Cameco has a 52 week low of C$109.89 and a 52 week high of C$182.72. The company has a market capitalization of C$53.38 billion, a PE ratio of 151.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19. The company's 50-day simple moving average is C$132.68 and its 200 day simple moving average is C$142.10. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06.

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

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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