What is Scotiabank’s Forecast for Cameco FY2027 Earnings?

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Scotiabank reduced their FY2027 earnings per share (EPS) estimates for Cameco in a research note issued on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $1.85 per share for the year, down from their previous estimate of $1.86.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. The business had revenue of C$845.37 million during the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%.

A number of other research firms have also commented on CCO. National Bank Financial raised their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their price target on Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Barclays set a C$149.00 price objective on Cameco and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Scotia upped their price objective on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. Finally, Desjardins raised their target price on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus target price of C$175.43.

Cameco Stock Down 2.9%

CCO stock opened at C$134.43 on Wednesday. The firm’s 50-day moving average is C$150.70 and its two-hundred day moving average is C$152.93. The company has a market capitalization of C$58.55 billion, a price-to-earnings ratio of 90.22, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. Cameco has a 52 week low of C$94.96 and a 52 week high of C$182.72. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11.

Insider Activity at Cameco

In other news, insider Alexandre Aubin sold 300 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the completion of the sale, the insider directly owned 20 shares of the company’s stock, valued at C$2,970.60. This trade represents a 93.75% decrease in their position. Company insiders own 0.15% of the company’s stock.

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.