What is Scotiabank’s Estimate for Cameco FY2027 Earnings?

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Scotiabank decreased their FY2027 EPS estimates for shares of Cameco in a research note issued to investors on Friday, April 17th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $2.01 for the year, down from their prior forecast of $2.03. Scotiabank has a “Outperform” rating and a $150.00 price target on the stock.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%. The company had revenue of C$1.20 billion during the quarter.

A number of other brokerages have also recently issued reports on CCO. National Bank Financial lifted their price target on shares of Cameco from C$170.00 to C$175.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Canadian Imperial Bank of Commerce lifted their price target on shares of Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Finally, Canaccord Genuity Group lowered their price target on shares of Cameco from C$190.00 to C$185.00 in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus target price of C$174.85.

Cameco Trading Up 2.1%

Shares of TSE CCO opened at C$168.71 on Tuesday. Cameco has a 1 year low of C$53.89 and a 1 year high of C$182.72. The stock has a market cap of C$73.48 billion, a P/E ratio of 124.97, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The firm has a 50-day moving average of C$156.76 and a 200 day moving average of C$142.96. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74.

About Cameco

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.