Cameco (CCO) Stock Forecast & Price Target

C$74.82

-3.52 (-4.49%)

(As of 10/23/2024 05:27 PM ET)

Cameco - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 12 Analyst Ratings

Sell
0

Hold
0

Buy
12

Based on 12 Wall Street analysts who have issued ratings for Cameco in the last 12 months, the stock has a consensus rating of "Buy." Out of the 12 analysts, 8 have given a buy rating, and 4 have given a strong buy rating for CCO.

Consensus Price Target

C$77.50
3.58% Upside

According to the 12 analysts' twelve-month price targets for Cameco, the average price target is C$77.50. The highest price target for CCO is C$80.00, while the lowest price target for CCO is C$68.00. The average price target represents a forecasted upside of 3.58% from the current price of C$74.82.

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CCO Analyst Ratings Over Time

Type	Current Forecast 10/25/23 to 10/24/24	1 Month Ago 9/25/23 to 9/24/24	3 Months Ago 7/27/23 to 7/26/24	1 Year Ago 10/25/22 to 10/25/23
Strong Buy	4 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$77.50	C$77.50	C$77.78	C$60.00
Forecasted Upside	3.58% Upside	23.31% Upside	24.40% Upside	10.78% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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CCO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CCO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cameco Stock vs. The Competition

Type	Cameco	Energy Companies
Consensus Rating Score	3.33	2.76
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent CCO News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Janney Montgomery Scott 2 of 5 stars	T. Meric Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/24/2024	Canaccord Genuity Group 4 of 5 stars		Boost Target	Buy	C$75.00 ➝ C$78.00	+24.30%
9/4/2024	National Bankshares 1 of 5 stars		Set Target	Outperform	C$74.00	+39.46%
9/3/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Sidibe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$81.00 ➝ C$80.00	+42.60%
7/31/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Kozak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
Get the Latest News and Ratings for CCO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cameco and its competitors with MarketBeat's FREE daily newsletter.
7/22/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$79.00 ➝ C$80.00	+22.94%
6/20/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$74.00 ➝ C$80.00	+12.74%
5/2/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$70.00 ➝ C$75.00	+13.60%
4/23/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$74.00 ➝ C$80.00	+20.57%
4/9/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$76.00 ➝ C$80.00	+23.23%
1/15/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$70.00 ➝ C$80.00	+16.11%
11/8/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$42.00 ➝ C$68.00	+22.32%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 06:10 AM ET.

Should I Buy Cameco Stock? CCO Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 16, 2024. Please send any questions or comments about these Cameco pros and cons to contact@marketbeat.com.

Cameco
Bull Case

Here are some ways that investors could benefit from investing in Cameco Co.:

Cameco Co. stock price has been trading up, showing positive momentum in the market.
Analysts have upgraded Cameco Co. to a strong-buy rating, indicating high confidence in the company's performance.
Cameco Co. has a strong consensus rating of Buy from analysts, suggesting a positive outlook for the stock.
The company has a market cap of C$26.21 billion, reflecting its significant size and stability in the market.
Cameco Co. has a current ratio of 3.22 and a quick ratio of 3.74, indicating good liquidity and ability to meet short-term obligations.

Cameco
Bear Case

Investors should be bearish about investing in Cameco Co. for these reasons:

Cameco Co. reported earnings per share below the consensus estimate, which may raise concerns about its financial performance.
The company's P/E ratio of 102.08 is relatively high, indicating that the stock may be overvalued compared to its earnings.
Cameco Co. has a debt-to-equity ratio of 25.39, which suggests a high level of debt that could pose risks in the future.
The stock has a beta of 0.88, indicating lower volatility compared to the market, which may limit potential returns for investors seeking higher risk-reward opportunities.
The 50-day moving average of C$57.69 is below the current trading price, signaling a possible short-term bearish trend.

CCO Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is C$77.50, with a high forecast of C$80.00 and a low forecast of C$68.00.
: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last year. There are currently 8 buy ratings and 4 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CCO shares.
: According to analysts, Cameco's stock has a predicted upside of 3.58% based on their 12-month stock forecasts.
: Over the previous 90 days, Cameco's stock had 3 upgrades by analysts.
: Cameco has been rated by research analysts at Canaccord Genuity Group, Cantor Fitzgerald, Janney Montgomery Scott, National Bank Financial, National Bankshares, and Scotiabank in the past 90 days.
: Analysts like Cameco more than other "energy" companies. The consensus rating for Cameco is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how CCO compares to other companies.