Scotiabank Has Negative Estimate for Cameco FY2026 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Scotiabank cut their FY2026 earnings estimates for shares of Cameco in a research note issued on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings of $1.04 per share for the year, down from their previous forecast of $1.07. Scotiabank currently has a “Outperform” rating and a $175.00 target price on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.21 per share.

Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a research report on Monday, June 15th. Royal Bank Of Canada raised their target price on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Weiss Ratings cut Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, William Blair started coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating on the stock. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Stock Up 0.2%

CCJ stock opened at $94.86 on Thursday. The firm has a market cap of $41.32 billion, a PE ratio of 87.84, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The firm’s fifty day moving average is $107.62 and its 200 day moving average is $110.87. Cameco has a one year low of $68.96 and a one year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue was up 7.1% compared to the same quarter last year.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. Clearstead Advisors LLC increased its stake in shares of Cameco by 0.8% during the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after purchasing an additional 85 shares in the last quarter. Legacy Bridge LLC lifted its stake in Cameco by 0.9% in the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after buying an additional 100 shares in the last quarter. HB Wealth Management LLC boosted its holdings in Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after buying an additional 107 shares during the last quarter. Groupama Asset Managment boosted its holdings in Cameco by 5.9% in the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after buying an additional 108 shares during the last quarter. Finally, S.A. Mason LLC increased its stake in Cameco by 4.8% during the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after buying an additional 111 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.