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$140.76 +1.32 (+0.95%)

As of 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
25.29% 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 25.29% from the current price of C$140.76.

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 9/8/25 to 9/8/26	1 Month Ago 8/9/25 to 8/9/26	3 Months Ago 6/10/25 to 6/10/26	1 Year Ago 9/8/24 to 9/8/25
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)	11 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	25.29% Upside	29.26% Upside	31.75% Upside	5.32% 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

Show

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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%
Get the Latest News and Ratings for CCO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cameco and its competitors with MarketBeat's FREE daily newsletter.
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 Tuesday at 06:13 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 Monday, September 7, 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 currently trading at $139.44, which is significantly below the consensus price target of C$175.60 set by analysts as of August 29, 2026, suggesting substantial potential for price appreciation as the market re-evaluates the stock's value relative to its long-term growth prospects.
Recent strategic developments include the planned initial public offering of Westinghouse Electric Company, a nuclear power firm jointly owned by Cameco and Brookfield, which could unlock significant value for shareholders and position the company as a leader in the expanding nuclear energy sector.
The stock has received a consensus rating of "Buy" from sixteen ratings firms, with two analysts assigning a Strong Buy rating and twelve assigning a Buy rating, indicating strong institutional confidence in the company's future performance and market position.
Cameco maintains a strong financial position with a current ratio of 3.06 and a quick ratio of 3.74, which indicates the company has ample liquidity to cover its short-term obligations and operate effectively without relying heavily on external financing.
The company benefits from controlling ownership of the world's largest high-grade uranium reserves and low-cost operations, providing a competitive advantage in the nuclear fuel market and ensuring a stable supply of fuel for utilities seeking carbon-free power solutions.

Cameco
Bear Case

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

The stock recently crossed below its 200-day moving average on August 24, 2026, with the price falling to C$141.60, which is a technical indicator that often signals a shift from a long-term uptrend to a potential downtrend or period of consolidation.
Scotiabank analyst O. Wowkodaw lowered the FY2026 earnings per share estimate for Cameco from $1.48 to $1.17 in a report issued on August 4, 2026, reflecting concerns about the company's near-term profitability and revenue generation capabilities.
The company reported a drop in Q2 profit compared with the same period last year, as noted in earnings reports from July 31, 2026, which may indicate challenges in maintaining growth momentum or managing costs effectively in the current market environment.
The stock has a high price-to-earnings ratio of 172.15, which suggests that investors are paying a premium for each dollar of earnings, potentially leaving little room for error if future earnings growth does not meet expectations.
Insider Alexandre Aubin sold 300 shares of the stock on June 25, 2026, reducing their position by 93.75%, which could be interpreted as a lack of confidence in the stock's short-term performance or a desire to diversify personal holdings.

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 25.29% 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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Brokerages With Cameco Recommendations

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