Desjardins Has Positive Outlook for Cameco FY2026 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Desjardins lifted their FY2026 earnings per share (EPS) estimates for shares of Cameco in a research report issued to clients and investors on Wednesday, November 5th. Desjardins analyst B. Adams now expects that the company will post earnings of $2.08 per share for the year, up from their previous forecast of $1.97. Desjardins has a “Buy” rating and a $110.00 price objective on the stock.

Other equities analysts have also recently issued research reports about the stock. National Bankshares raised their target price on shares of Cameco from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday. CLSA upgraded shares of Cameco to a “moderate buy” rating in a research report on Tuesday, September 9th. BMO Capital Markets raised their price objective on Cameco from C$130.00 to C$160.00 in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Bank of America lifted their target price on shares of Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$137.30.

Cameco Trading Down 2.9%

CCO stock traded down C$3.71 during trading on Friday, reaching C$123.76. 448,296 shares of the stock traded hands, compared to its average volume of 1,240,190. The business’s 50 day moving average price is C$120.27 and its 200-day moving average price is C$100.66. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a 52-week low of C$49.75 and a 52-week high of C$153.59. The firm has a market capitalization of C$53.88 billion, a PE ratio of 101.44, a P/E/G ratio of 2.22 and a beta of 1.28.

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.