Scotiabank Has Negative Outlook of Cameco FY2026 Earnings

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Research analysts at Scotiabank lowered their FY2026 earnings estimates for shares of Cameco in a report released on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings per share of $0.88 for the year, down from their prior estimate of $1.07. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

CCJ has been the subject of a number of other research reports. Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Glj Research reissued a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price target on shares of Cameco from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and a consensus target price of $143.03.

Cameco Price Performance

CCJ stock opened at $120.92 on Monday. The firm has a market cap of $52.66 billion, a P/E ratio of 124.66 and a beta of 0.99. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.68 and a current ratio of 2.47. Cameco has a 1 year low of $35.00 and a 1 year high of $135.24. The stock has a 50-day simple moving average of $110.04 and a 200-day simple moving average of $94.12.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. The company had revenue of $874.57 million for the quarter, compared to analyst estimates of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share.

Institutional Investors Weigh In On Cameco

Several large investors have recently added to or reduced their stakes in CCJ. Financial Consulate Inc. bought a new position in shares of Cameco during the third quarter worth about $25,000. Nisa Investment Advisors LLC acquired a new position in Cameco during the 4th quarter valued at about $25,000. Founders Capital Management bought a new position in Cameco in the 4th quarter worth about $27,000. Strategic Advocates LLC acquired a new stake in shares of Cameco in the third quarter valued at approximately $28,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. 70.21% of the stock is owned by institutional investors and hedge funds.

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.