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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Scotiabank lifted their FY2026 earnings estimates for Cameco in a report issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now anticipates that the basic materials company will post earnings per share of $0.85 for the year, up from their prior forecast of $0.83. The consensus estimate for Cameco’s current full-year earnings is $1.07 per share.

Several other equities analysts have also recently commented on the stock. Wall Street Zen cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Truist Financial lifted their price target on Cameco from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Barclays cut their price objective on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Twelve analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average price target of $148.68.

Cameco Trading Down 5.3%

NYSE:CCJ opened at $81.55 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The firm has a market cap of $35.52 billion, a price-to-earnings ratio of 97.90, a price-to-earnings-growth ratio of 1.76 and a beta of 1.17. Cameco has a 52 week low of $77.70 and a 52 week high of $135.24. The firm has a 50-day moving average price of $94.64 and a two-hundred day moving average price of $101.77.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. The firm had revenue of $573.06 million for the quarter, compared to analysts’ expectations of $579.60 million. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year.

Institutional Investors Weigh In On Cameco

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new stake in shares of Cameco during the 2nd quarter valued at approximately $735,498,000. Canada Pension Plan Investment Board purchased a new position in Cameco in the 2nd quarter valued at approximately $420,346,000. BlackRock Inc. purchased a new position in Cameco in the 2nd quarter valued at approximately $381,091,000. Cibc World Market Inc. bought a new stake in Cameco during the 2nd quarter valued at $354,022,000. Finally, Amundi raised its holdings in Cameco by 13.7% during the 2nd quarter. Amundi now owns 2,992,074 shares of the basic materials company’s stock valued at $304,773,000 after acquiring an additional 359,375 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world’s major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company’s operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.

Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.