What is Scotiabank’s Forecast for Cameco FY2027 Earnings?

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank lifted their FY2027 earnings per share estimates for shares of Cameco in a research note issued on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $2.05 per share for the year, up from their previous estimate of $1.85.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Friday, July 31st. The company reported C$0.18 earnings per share for the quarter. The business had revenue of C$813.77 million during the quarter. Cameco had a net margin of 10.21% and a return on equity of 5.09%.

Other equities analysts have also issued research reports about the stock. UBS Group upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price on the stock in a report on Monday, July 27th. TD set a C$190.00 price target on Cameco and gave the stock a “buy” rating in a report on Thursday, September 24th. Truist Financial raised Cameco to a “strong-buy” rating in a research report on Monday, July 13th. Barclays dropped their price objective on Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a C$190.00 target price on Cameco and gave the company a “buy” rating in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of C$179.89.

Cameco Trading Down 2.4%

TSE:CCO opened at C$122.57 on Wednesday. Cameco has a 52 week low of C$109.89 and a 52 week high of C$182.72. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06. The firm’s fifty day moving average is C$132.68 and its 200-day moving average is C$142.10. The firm has a market cap of C$53.38 billion, a P/E ratio of 151.32, a P/E/G ratio of 2.22 and a beta of 1.19.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.