FY2026 Earnings Estimate 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 cut their FY2026 earnings per share estimates for Cameco in a research note issued to investors on Thursday, July 31st. Desjardins analyst B. Adams now anticipates that the company will post earnings per share of $1.93 for the year, down from their prior forecast of $2.10. Desjardins has a "Buy" rating and a $110.00 price target on the stock. Desjardins also issued estimates for Cameco's FY2027 earnings at $2.00 EPS.

A number of other equities analysts have also issued reports on the stock. National Bankshares raised their price target on shares of Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Bank of America lifted their price target on Cameco from C$93.00 to C$106.00 in a report on Tuesday, June 10th. Royal Bank Of Canada raised their price objective on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Stifel Nicolaus boosted their price objective on Cameco from C$105.00 to C$115.00 in a report on Tuesday, July 22nd. Finally, Scotiabank upped their price target on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Nine research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco has an average rating of "Buy" and an average target price of C$106.31.

Cameco Stock Down 1.1%

CCO stock traded down C$1.17 on Monday, hitting C$104.07. 624,670 shares of the company's stock were exchanged, compared to its average volume of 1,222,892. Cameco has a 12-month low of C$48.71 and a 12-month high of C$110.85. The firm has a 50 day moving average price of C$97.23 and a two-hundred day moving average price of C$76.33. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market cap of C$45.80 billion, a P/E ratio of 393.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

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.