Cameco (CCO) Stock Forecast & Price Target

Cameco
Bull Case

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

• Scotiabank recently raised its earnings per share estimates for Cameco Co., increasing the FY2026 forecast to $1.21 from $1.17 and the FY2027 forecast to $2.05 from $1.85, signaling strong confidence in the company's future profitability and operational performance.
• The stock currently trades at $118.12, which is significantly below the consensus price target of C$179.89, suggesting substantial upside potential as analysts maintain a consensus rating of Buy based on recent research notes.
• Cameco Co. holds a competitive advantage through its controlling ownership of the world's largest high-grade uranium reserves and low-cost operations, positioning it as a primary supplier for the growing global demand for carbon-free nuclear power.
• The company's strategic investments across the nuclear fuel cycle, including its ownership interest in Westinghouse Electric Company, provide additional value and diversification, with recent reports suggesting the Westinghouse stake could be worth more than $24.5 billion.
• Recent quarterly results show a net margin of 10.21% and a return on equity of 5.09%, indicating efficient capital management and profitability despite the challenges in the energy sector.