Cameco (CCO) Stock Forecast & Price Target

Q: What analysts cover Cameco?

Cameco has been rated by research analysts at Barclays , Jefferies Financial Group , Royal Bank Of Canada , TD , Truist Financial , and UBS Group in the past 90 days.

C$138.65 +5.19 (+3.89%)

As of 09/3/2026 04:00 PM Eastern

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Cameco - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Buy

Based on 17 Analyst Ratings

Sell
0

Hold
2

Buy
15

Based on 17 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 17 analysts, 2 have given a hold rating, 13 have given a buy rating, and 2 have given a strong buy rating for CCO.

Consensus Price Target

C$176.36
27.20% Upside

According to the 17 analysts' twelve-month price targets for Cameco, the average price target is C$176.36. The highest price target for CCO is C$202.00, while the lowest price target for CCO is C$126.92. The average price target represents a forecasted upside of 27.20% from the current price of C$138.65.

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.

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CCO Analyst Ratings Over Time

Type	Current Forecast 9/4/25 to 9/4/26	1 Month Ago 8/5/25 to 8/5/26	3 Months Ago 6/6/25 to 6/6/26	1 Year Ago 9/4/24 to 9/4/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	13 Buy rating(s)	12 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	3 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 Target	C$176.36	C$175.61	C$174.50	C$112.33
Forecasted Upside	27.20% Upside	32.83% Upside	21.10% Upside	6.46% Upside
Consensus Rating	Buy	Buy	Moderate 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.

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.

Cameco Stock vs. The Competition

Type	Cameco	Energy Companies
Consensus Rating Score	3.00	2.43
Consensus Rating	Buy	Hold
News Sentiment Rating	Neutral News See Recent CCO News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/3/2026	TD Not Rated		Set Target	Buy	C$190.00	+37.50%
9/3/2026	Jefferies Financial Group 3 of 5 stars		Set Target	Buy	C$190.00	+37.50%
7/27/2026	UBS Group 4 of 5 stars		Upgrade	Hold ➝ Buy	C$166.00	+32.82%
7/16/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		C$149.00 ➝ C$147.00	+20.27%
7/13/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
6/29/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$160.00 ➝ C$175.00	+18.83%
5/6/2026	Scotia Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Outperform	C$150.00 ➝ C$175.00	+4.50%
5/6/2026	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$185.00 ➝ C$190.00	+13.46%
5/6/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$175.00 ➝ C$180.00	+7.49%
5/6/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$185.00 ➝ C$195.00	+16.45%
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4/20/2026	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
3/26/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
3/9/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$115.00 ➝ C$202.00	+30.74%
3/3/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$175.00 ➝ C$180.00	+11.88%
2/19/2026	Berenberg Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		C$201.00 ➝ C$183.00	+13.12%
2/17/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	C$155.00 ➝ C$150.00	-3.16%
2/11/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$165.00 ➝ C$180.00	+11.29%
2/5/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$139.00 ➝ C$201.00	+33.63%
11/4/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$130.00 ➝ C$160.00	+16.28%
10/29/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$130.00 ➝ C$175.00	+16.60%
9/22/2025	President Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	C$126.92	+6.26%
9/9/2025	CLSA Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Moderate Buy
11/8/2024	Eight Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$80.00 ➝ C$90.00	+24.09%
10/4/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	T. Meric Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:57 AM 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 Thursday, September 3, 2026. Please send any questions or comments about these Cameco pros and cons to contact@marketbeat.com.

Cameco
Bull Case

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

The company is positioned to benefit from a planned initial public offering of Westinghouse Electric Company, a nuclear power firm it co-owns with Brookfield, which was filed for a US IPO in late July 2026. This move could unlock significant value for shareholders by providing liquidity and a clearer market valuation for a major asset within Cameco's nuclear fuel cycle investments.
Analysts have shown strong confidence in the stock's potential, with TD and Jefferies Financial Group both setting a price target of C$190.00 in early September 2026. This target represents a potential upside of approximately 38% from the current stock price of $138.65, indicating that institutional investors believe the market is currently undervaluing the company's long-term growth prospects.
The stock has demonstrated strong momentum recently, trading up to $138.65 on September 3, 2026, which is a significant increase from its 52-week low of $103.08. This upward trajectory suggests that investor sentiment is shifting positively, likely driven by the broader nuclear renaissance and the company's strategic positioning in the energy sector.
Cameco Co. maintains a strong balance sheet with a current ratio of 3.06 and a quick ratio of 3.74, indicating that the company has ample liquid assets to cover its short-term liabilities. This financial stability provides a safety net for investors, reducing the risk of financial distress even in a volatile market environment.
The company's competitive position is reinforced by its controlling ownership of the world's largest high-grade uranium reserves and low-cost operations. This dominant market share in a critical resource for carbon-free power generation provides a durable moat that protects margins and ensures long-term relevance in the global energy transition.

Cameco
Bear Case

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

The stock has recently experienced technical weakness, crossing below its 200-day moving average in late August 2026. This technical indicator often signals a shift from a long-term uptrend to a potential downtrend, suggesting that momentum may be fading and that the stock could face further downward pressure in the near term.
Recent earnings have shown a decline in profitability, with Q2 2026 profit and revenue reported as lower than the same period a year ago. This trend of decreasing earnings, coupled with a high P/E ratio of 171.17, suggests that the stock may be overvalued relative to its current earnings power, posing a risk for investors seeking value.
Analysts have begun to lower their earnings expectations, with Scotiabank reducing its FY2026 earnings per share estimate for Cameco Co. from $1.48 to $1.17 in August 2026. This downward revision indicates that even bullish analysts are becoming more cautious about the company's ability to meet its financial targets, which could lead to further stock price adjustments.
The company carries a significant debt burden, with a debt-to-equity ratio of 14.14. This high level of leverage means that a large portion of the company's capital structure is financed by debt, which can increase financial risk and reduce flexibility in the event of economic downturns or rising interest rates.
Insider activity has been negative, with insider Alexandre Aubin selling 300 shares in June 2026, reducing their position by 93.75%. While insider sales are not always a bearish signal, a significant reduction in holdings by a company insider can be interpreted as a lack of confidence in the stock's near-term performance.

CCO Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is C$176.36, with a high forecast of C$202.00 and a low forecast of C$126.92.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 2 hold ratings, 13 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CCO shares.

According to analysts, Cameco's stock has a predicted upside of 27.20% based on their 12-month stock forecasts.

Over the previous 90 days, Cameco's stock had 2 upgrades by analysts.

Cameco has been rated by research analysts at Barclays, Jefferies Financial Group, Royal Bank Of Canada, TD, Truist Financial, and UBS Group 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 Hold. Learn more on how CCO compares to other companies.

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MarketBeat monitors more than a dozen sources for Cameco analyst ratings, with the most recent rating issued on 9/3/2026.

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Cameco (CCO) Stock Forecast & Price Target