Scotiabank Weighs in on Cameco’s FY2026 Earnings (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Analysts at Scotiabank reduced their FY2026 earnings per share estimates for Cameco in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $0.64 per share for the year, down from their prior estimate of $0.85. The consensus estimate for Cameco’s current full-year earnings is $0.98 per share. Scotiabank also issued estimates for Cameco’s FY2027 earnings at $1.29 EPS.

A number of other equities research analysts also recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Cameco in a research note on Thursday, September 3rd. They set a “buy” rating and a $138.00 price target on the stock. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Truist Financial dropped their price objective on shares of Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Barclays reduced their price objective on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Zacks Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.38.

Cameco Stock Performance

Shares of NYSE CCJ opened at $68.41 on Friday. The business has a fifty day simple moving average of $87.96 and a 200 day simple moving average of $103.37. The company has a current ratio of 2.55, a quick ratio of 2.10 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 103.65, a PEG ratio of 1.59 and a beta of 1.18. Cameco has a one year low of $66.06 and a one year high of $135.24.

Cameco Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of C$0.24 per share. This represents a yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s dividend payout ratio is currently 24.24%.

Institutional Trading of Cameco

Hedge funds have recently modified their holdings of the company. HB Wealth Management LLC increased its holdings in Cameco by 3.1% during the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 107 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in Cameco by 0.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,123 shares of the basic materials company’s stock valued at $1,540,000 after purchasing an additional 125 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Cameco by 4.1% in the first quarter. QRG Capital Management Inc. now owns 3,414 shares of the basic materials company’s stock worth $371,000 after purchasing an additional 134 shares in the last quarter. Novem Group boosted its stake in Cameco by 5.1% in the third quarter. Novem Group now owns 2,854 shares of the basic materials company’s stock worth $247,000 after purchasing an additional 138 shares in the last quarter. Finally, Montag A & Associates Inc. boosted its stake in Cameco by 7.8% in the first quarter. Montag A & Associates Inc. now owns 1,940 shares of the basic materials company’s stock worth $211,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

More Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in its view of the stock. Tickerreport article
• Positive Sentiment: On its earnings call, Cameco highlighted disciplined uranium pricing, tight nuclear-fuel supplies and potential growth from Westinghouse—factors that could support its longer-term outlook. The company also noted higher costs and weaker quarterly earnings. Cameco Q3 earnings call highlights
• Neutral Sentiment: Cameco filed a technical report for its McArthur River operation. The filing provides operational information, but the report’s market impact is unclear from the available coverage. Cameco document filing
• Negative Sentiment: Recent coverage cites a third-quarter earnings miss, lower uranium sales and a reduced 2026 outlook as near-term pressures on the shares. Cameco outlook after Q3 earnings
• Negative Sentiment: Barclays cut its price target for Cameco, adding to cautious sentiment. The available report did not specify the revised target. Barclays price-target report

About Cameco

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.