FY2026 Earnings Forecast for Cameco Issued By Desjardins

Key Points

• Desjardins has raised its FY2026 earnings per share forecast for Cameco to $1.97, an increase from their previous estimate of $1.93, and maintains a "Buy" rating with a price target of $110.00.
• Several analysts have also upgraded their price targets for Cameco, with Bank of America setting a new target of C$130.00 and National Bankshares raising theirs to C$115.00.
• Cameco is one of the world's largest uranium producers, with its flagship McArthur River mine contributing to about 50% of the company's output during normal production conditions.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at Desjardins lifted their FY2026 earnings per share estimates for shares of Cameco in a research report issued on Wednesday, October 1st. Desjardins analyst B. Adams now anticipates that the company will post earnings per share of $1.97 for the year, up from their prior forecast of $1.93. Desjardins has a "Buy" rating and a $110.00 price objective on the stock.

Other analysts have also issued research reports about the company. National Bankshares lifted their price objective on Cameco from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. President Capital raised Cameco from a "neutral" rating to a "buy" rating and set a C$126.92 price objective on the stock in a report on Monday, September 22nd. Bank of America lifted their price objective on Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th. BMO Capital Markets lifted their price objective on Cameco from C$110.00 to C$120.00 in a report on Friday, August 29th. Finally, Berenberg Bank lifted their price objective on Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of C$113.46.

Cameco Stock Performance

CCO opened at C$117.50 on Monday. The firm has a market capitalization of C$51.16 billion, a P/E ratio of 96.31, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The stock's 50 day moving average price is C$108.78 and its two-hundred day moving average price is C$89.13. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a 12-month low of C$49.75 and a 12-month high of C$123.50.

Cameco Company Profile

Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.