Scotiabank Brokers Increase Earnings Estimates for Cameco

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Stock analysts at Scotiabank raised their FY2025 EPS estimates for shares of Cameco in a research report issued to clients and investors on Monday, June 9th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $1.54 for the year, up from their previous forecast of $1.19. Scotiabank has a “Outperform” rating and a $93.00 price objective on the stock. Scotiabank also issued estimates for Cameco’s FY2026 earnings at $1.61 EPS.

CCO has been the topic of a number of other reports. National Bankshares raised their target price on Cameco from C$81.00 to C$95.00 in a report on Monday. Stifel Nicolaus raised their price objective on shares of Cameco from C$90.00 to C$105.00 in a research note on Tuesday. Canaccord Genuity Group upped their target price on Cameco from C$83.50 to C$92.00 and gave the stock a “buy” rating in a report on Monday. Bank of America increased their price target on shares of Cameco from C$93.00 to C$106.00 in a research report on Tuesday. Finally, Berenberg Bank increased their price objective on Cameco from C$75.00 to C$96.00 in a report on Tuesday. Eight analysts have rated the stock with a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of C$92.92.

Cameco Trading Up 3.8%

Shares of TSE CCO opened at C$90.65 on Thursday. The firm has a 50-day moving average of C$68.69 and a 200 day moving average of C$69.99. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The stock has a market cap of C$39.90 billion, a P/E ratio of 342.50, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1 year low of C$48.71 and a 1 year high of C$93.22.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.