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Cameco (CCO) Stock Forecast & Price Target

Cameco logo
C$62.99 +0.76 (+1.22%)
As of 01:01 PM Eastern

Cameco - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
0
Buy
11

Based on 11 Wall Street analysts who have issued ratings for Cameco in the last 12 months, the stock has a consensus rating of "Buy." Out of the 11 analysts, 6 have given a buy rating, and 5 have given a strong buy rating for CCO.

Consensus Price Target

C$83.22
32.12% Upside
According to the 11 analysts' twelve-month price targets for Cameco, the average price target is C$83.22. The highest price target for CCO is C$90.00, while the lowest price target for CCO is C$77.00. The average price target represents a forecasted upside of 32.12% from the current price of C$62.99.
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CCO Analyst Ratings Over Time

TypeCurrent Forecast
5/1/24 to 5/1/25
1 Month Ago
4/1/24 to 4/1/25
3 Months Ago
2/1/24 to 1/31/25
1 Year Ago
5/2/23 to 5/1/24
Strong Buy
5 Strong Buy rating(s)
5 Strong Buy rating(s)
4 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$83.22C$84.80C$84.30C$73.33
Forecasted Upside32.12% Upside41.73% Upside17.30% Upside13.59% Upside
Consensus Rating
Buy
Buy
Buy
Buy

CCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cameco Stock vs. The Competition

TypeCamecoEnergy Companies
Consensus Rating Score
3.45
2.69
Consensus RatingBuyModerate Buy
News Sentiment Rating
Positive News

See Recent CCO News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/15/2025TD Securities
4 of 5 stars
 Lower TargetBuyC$90.00 ➝ C$77.00+33.96%
4/3/2025Desjardins
2 of 5 stars
B. Adams
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UpgradeModerate Buy
4/2/2025National Bankshares
2 of 5 stars
 Lower TargetOutperformC$87.00 ➝ C$81.00+34.69%
4/1/2025Sanford C. Bernstein
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B. Brackett
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UpgradeStrong-Buy
3/25/2025Scotiabank
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 Lower TargetOutperformC$85.00 ➝ C$81.00+27.82%
3/12/2025Stifel Canada
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R. Profiti
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UpgradeStrong-Buy
11/22/2024Raymond James
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 Boost TargetC$81.00 ➝ C$88.00+6.06%
11/21/2024Royal Bank of Canada
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 Boost TargetC$75.00 ➝ C$90.00+8.00%
11/8/2024BMO Capital Markets
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 Boost TargetC$78.00 ➝ C$84.00+15.81%
11/8/2024Eight Capital
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 Boost TargetC$80.00 ➝ C$90.00+24.09%
10/4/2024Janney Montgomery Scott
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T. Meric
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UpgradeStrong-Buy
9/24/2024Canaccord Genuity Group
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 Boost TargetBuyC$75.00 ➝ C$78.00+24.30%
9/3/2024National Bank Financial
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M. Sidibe
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UpgradeStrong-Buy
7/31/2024Cantor Fitzgerald
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M. Kozak
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UpgradeHold ➝ Strong-Buy
6/20/2024CIBC
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 Boost TargetOutperformC$74.00 ➝ C$80.00+12.74%
4/9/2024Bank of America
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 Boost TargetC$76.00 ➝ C$80.00+23.23%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:09 PM ET.


Should I Buy Cameco Stock? CCO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 23, 2025. Please send any questions or comments about these Cameco pros and cons to contact@marketbeat.com.

Cameco
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Cameco Co.:

  • Cameco Co. has received multiple upgrades from analysts, with several firms rating the stock as a "strong buy," indicating strong confidence in its future performance.
  • The average target price set by analysts for Cameco Co. is around C$83.22, suggesting potential upside from the current stock price.
  • The company operates in the uranium sector, which is critical for electricity generation, positioning it well in a market that is increasingly focused on sustainable energy sources.
  • Recent trading activity shows that Cameco Co. has a solid market cap of approximately C$26.36 billion, reflecting its stability and investor interest.
  • The current stock price is around C$59.90, which is significantly lower than its 52-week high of C$88.18, potentially offering a buying opportunity for investors looking for value.

Cameco
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Cameco Co. for these reasons:

  • The stock has recently experienced a decline, trading down about 1.9%, which may indicate short-term volatility and investor uncertainty.
  • Cameco Co. has a high price-to-earnings (P/E) ratio, which can suggest that the stock is overvalued compared to its earnings, potentially deterring value-focused investors.
  • Analysts have noted a reduction in target prices, with Scotiabank lowering its target from C$85.00 to C$81.00, which may reflect concerns about future growth prospects.
  • The company has a relatively high debt-to-equity ratio, which could indicate financial risk if market conditions change or if the company faces operational challenges.
  • Market fluctuations in the uranium sector can be unpredictable, and any adverse changes in demand or pricing could negatively impact Cameco Co.'s performance.

CCO Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is C$83.22, with a high forecast of C$90.00 and a low forecast of C$77.00.

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last year. There are currently 6 buy ratings and 5 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CCO shares.

According to analysts, Cameco's stock has a predicted upside of 32.12% based on their 12-month stock forecasts.

Over the previous 90 days, Cameco's stock had 3 upgrades by analysts.

Cameco has been rated by research analysts at Desjardins, National Bankshares, Sanford C. Bernstein, Scotiabank, Stifel Canada, and TD Securities in the past 90 days.

Analysts like Cameco more than other "energy" companies. The consensus rating for Cameco is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how CCO compares to other companies.


This page (TSE:CCO) was last updated on 5/1/2025 by MarketBeat.com Staff
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