FY2026 Earnings Forecast for Cameco Issued By Desjardins

Key Points

• Desjardins has lowered its FY2026 earnings forecast for Cameco to $1.93 per share from a previous estimate of $2.10, while still maintaining a "Buy" rating and a target price of $110.00.
• Various research firms have increased their target prices for Cameco, with Scotiabank and Royal Bank of Canada both setting targets at C$110.00, and others ranging up to C$115.00.
• Cameco's shares opened at C$100.63, with a fifty-two week high of C$110.85 and low of C$48.71.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Desjardins reduced their FY2026 earnings estimates for shares of Cameco in a research note issued on Thursday, July 31st. Desjardins analyst B. Adams now anticipates that the company will earn $1.93 per share for the year, down from their prior forecast of $2.10. Desjardins currently has a "Buy" rating and a $110.00 target price on the stock. Desjardins also issued estimates for Cameco's FY2027 earnings at $2.00 EPS.

Several other research firms have also weighed in on CCO. Scotiabank lifted their price objective on Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Friday. TD Securities lifted their price target on shares of Cameco from C$77.00 to C$100.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Stifel Nicolaus increased their price objective on shares of Cameco from C$105.00 to C$115.00 in a research report on Tuesday, July 22nd. Raymond James Financial lifted their target price on shares of Cameco from C$102.00 to C$115.00 and gave the company an "outperform" rating in a report on Friday. Finally, Royal Bank Of Canada increased their price target on Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a report on Friday. Nine research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco has a consensus rating of "Buy" and a consensus price target of C$103.85.

Cameco Stock Down 3.3%

Shares of CCO opened at C$100.63 on Monday. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$110.85. The firm has a market cap of C$44.29 billion, a PE ratio of 380.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. 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 company's fifty day moving average is C$96.50 and its two-hundred day moving average is C$75.97.

Cameco Company Profile

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.

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