Stifel Canada Issues Optimistic Outlook for Cameco Earnings

Key Points

• Stifel Canada has raised its Q1 2026 earnings per share estimate for Cameco from $0.44 to $0.50, reflecting a positive outlook for the company.
• Multiple analysts have increased their target prices for Cameco, with Raymond James setting the highest target at C$115.00 and a consensus rating of "Buy."
• Cameco's stock is currently trading at C$100.63, down 3.3%, with a significant price-to-earnings ratio of 380.21, indicating high investor expectations.

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Investment analysts at Stifel Canada increased their Q1 2026 earnings per share (EPS) estimates for shares of Cameco in a research report issued to clients and investors on Thursday, July 31st. Stifel Canada analyst R. Profiti now expects that the company will earn $0.50 per share for the quarter, up from their prior estimate of $0.44. Stifel Canada also issued estimates for Cameco's Q2 2026 earnings at $0.46 EPS, Q3 2026 earnings at $0.44 EPS, Q4 2026 earnings at $0.40 EPS, FY2026 earnings at $1.80 EPS, FY2027 earnings at $3.08 EPS, FY2028 earnings at $3.51 EPS and FY2029 earnings at $3.41 EPS.

A number of other research analysts also recently weighed in on the company. Raymond James Financial upped their target price on Cameco from C$102.00 to C$115.00 and gave the stock an "outperform" rating in a report on Friday. Berenberg Bank upped their target price on Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. BMO Capital Markets upped their target price on Cameco from C$85.00 to C$95.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Royal Bank Of Canada upped their target price on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Canaccord Genuity Group boosted their price target on Cameco from C$92.00 to C$115.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Nine equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$103.85.

Cameco Stock Down 3.3%

CCO stock 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 business's 50 day moving average price is C$96.50 and its two-hundred day moving average price is C$75.97. 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 company has a market capitalization of C$44.29 billion, a price-to-earnings ratio of 380.21, 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.

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