Analysts Set Expectations for Cameco’s Q3 Earnings (TSE:CCO)

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities research analysts at Raymond James Financial increased their Q3 2026 earnings estimates for Cameco in a research note issued on Tuesday, October 28th. Raymond James Financial analyst B. Macarthur now forecasts that the company will post earnings per share of $0.65 for the quarter, up from their previous estimate of $0.64. Raymond James Financial currently has a “Outperform” rating and a $150.00 price objective on the stock. Raymond James Financial also issued estimates for Cameco’s Q4 2026 earnings at $0.95 EPS and FY2026 earnings at $2.52 EPS.

Several other research analysts also recently commented on the stock. Desjardins lifted their target price on shares of Cameco from C$105.00 to C$110.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Scotiabank lifted their target price on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group lifted their target price on shares of Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. National Bankshares lifted their target price on shares of Cameco from C$130.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CLSA raised shares of Cameco to a “moderate buy” rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus target price of C$133.84.

Cameco Stock Down 2.2%

Shares of TSE CCO opened at C$143.34 on Thursday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a 52 week low of C$49.75 and a 52 week high of C$153.59. The firm’s fifty day moving average is C$117.90 and its 200 day moving average is C$98.49. The company has a market cap of C$62.41 billion, a price-to-earnings ratio of 117.49, a PEG ratio of 2.22 and a beta of 1.12.

Cameco Company Profile

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.