Cameco (CCO) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Cameco (TSE: CCO):

• 5/6/2026 – Cameco had its price target raised by Scotia from C$150.00 to C$175.00. They now have a “sector outperform” rating on the stock.
• 5/6/2026 – Cameco had its price target raised by Desjardins from C$185.00 to C$190.00. They now have a “buy” rating on the stock.
• 5/6/2026 – Cameco had its price target raised by National Bank Financial from C$175.00 to C$180.00. They now have an “outperform” rating on the stock.
• 5/6/2026 – Cameco had its price target raised by Canaccord Genuity Group Inc. from C$185.00 to C$195.00.
• 4/20/2026 – Cameco was upgraded by William Blair to “strong-buy”.
• 4/17/2026 – Cameco had its price target raised by National Bank Financial from C$170.00 to C$175.00. They now have an “outperform” rating on the stock.
• 3/26/2026 – Cameco was downgraded by TD Securities from “strong-buy” to “hold”.

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.