FY2027 Earnings Forecast for Cameco Issued By Scotiabank

Key Points

• Scotiabank cut its FY2027 EPS estimate for Cameco to $1.86 from $2.01 but maintained an "Outperform" rating and a $150.00 target price.
• Q1 results showed C$0.47 EPS and C$845.37 million revenue, with realized uranium prices around US$66/lb—news that helped lift the stock about 8%.
• Most analysts are bullish (consensus "Moderate Buy" with an average target of C$176.19), although the stock trades at elevated multiples (P/E ~125) and near its 12‑month high, highlighting valuation risk.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities research analysts at Scotiabank dropped their FY2027 earnings estimates for shares of Cameco in a report issued on Wednesday, May 6th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $1.86 for the year, down from their prior estimate of $2.01. Scotiabank currently has a "Outperform" rating and a $150.00 target price on the stock.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last released its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The company had revenue of C$845.37 million during the quarter.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Cameco from C$165.00 to C$180.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Berenberg Bank cut their price target on shares of Cameco from C$201.00 to C$183.00 in a report on Thursday, February 19th. National Bank Financial lifted their price target on shares of Cameco from C$175.00 to C$180.00 and gave the company an "outperform" rating in a report on Wednesday. Raymond James Financial boosted their target price on shares of Cameco from C$175.00 to C$180.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$176.19.

Cameco Trading Up 8.0%

Shares of CCO stock opened at C$168.75 on Thursday. Cameco has a 12-month low of C$66.09 and a 12-month high of C$182.72. The company has a market capitalization of C$73.50 billion, a P/E ratio of 125.00, a P/E/G ratio of 2.22 and a beta of 0.76. The firm has a 50-day moving average price of C$157.78 and a 200 day moving average price of C$145.86. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Multiple broker price-target increases and bullish ratings lifted investor sentiment — Canaccord, Desjardins, National Bank and Scotia all raised targets or upgraded to outperform/buy, citing the company’s results and outlook. Analyst Ratings Roundup
• Positive Sentiment: Q1 results showed revenue and EPS growth (C$845.4M revenue; C$0.47 EPS) and management reaffirmed full-year guidance, supporting the view that operations and cash flow are on track. Cameco Reports First Quarter 2026 Results
• Positive Sentiment: Cameco reported higher realized uranium prices (about US$66/lb in Q1), which improves near-term revenue per pound and supports margin expansion if sustained. Realized Uranium Prices Rise
• Neutral Sentiment: Media/analyst commentary highlights Cameco as a blue‑chip buy for investors looking to the next rally, reflecting broader investor interest in nuclear/uranium exposure. 2 Canadian Blue-Chip Stocks I’d Buy Before the Next Rally
• Neutral Sentiment: Coverage on valuation after the strong quarter is mixed — analysts note the improved fundamentals but also that shares trade at elevated multiples, so new money should weigh valuation versus growth/commodity outlook. A Look At Cameco’s Valuation After Strong Q1 Earnings
• Negative Sentiment: Valuation risk: the stock is trading near its 12‑month high and carries a high P/E ratio, which raises downside risk if uranium prices or operational execution disappoint. Valuation Concerns

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. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.

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