Cameco Stock Sees FY2026 Earnings Estimate Cut at Scotiabank

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Scotiabank cut their FY2026 earnings per share estimates for Cameco in a research note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.90 for the year, down from their prior forecast of $1.21. Scotiabank also issued estimates for Cameco’s FY2027 earnings at $1.80 EPS.

A number of other brokerages also recently issued reports on CCO. Royal Bank Of Canada set a C$184.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research report on Thursday, September 24th. BMO Capital Markets set a C$150.00 target price on shares of Cameco and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the company a “buy” rating in a research note on Thursday, September 3rd. National Bank Financial cut their price target on shares of Cameco from C$184.00 to C$178.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Barclays reduced their price target on Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$179.18.

Cameco Stock Performance

CCO stock opened at C$95.85 on Friday. The firm has a market cap of C$41.75 billion, a price-to-earnings ratio of 105.33, a PEG ratio of 2.22 and a beta of 1.29. The firm has a 50-day simple moving average of C$123.52 and a two-hundred day simple moving average of C$143.41. Cameco has a one year low of C$92.52 and a one year high of C$182.72. The company has a debt-to-equity ratio of 13.95, a quick ratio of 3.74 and a current ratio of 2.55.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Friday, October 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$619.06 million during the quarter. Cameco had a net margin of 11.43% and a return on equity of 5.61%.

Cameco Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, November 30th. This represents a dividend yield of 24.0%. Cameco’s payout ratio is presently 26.37%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.