Brokers Set Expectations for Cameco's Q1 Earnings (TSE:CCO)

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 - Stock analysts at Stifel Canada upped their Q1 2026 earnings per share (EPS) estimates for Cameco in a report issued 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 previous forecast 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.

Other equities analysts have also issued research reports about the stock. TD Securities raised their price objective on shares of Cameco from C$115.00 to C$117.00 and gave the company a "buy" rating in a research report on Tuesday. BMO Capital Markets lifted their price target on Cameco from C$105.00 to C$110.00 in a research note on Tuesday. Canaccord Genuity Group lifted their price objective on Cameco from C$92.00 to C$115.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Berenberg Bank lifted their price target on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Finally, National Bankshares upped their price target on shares of Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Nine investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$106.31.

Cameco Stock Down 1.1%

CCO stock traded down C$1.17 during midday trading 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. The firm has a 50 day moving average price of C$97.23 and a 200-day moving average price of C$76.33. Cameco has a 12-month low of C$48.71 and a 12-month high of C$110.85. The stock has a market capitalization of C$45.80 billion, a price-to-earnings ratio of 393.21, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

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.