Cameco (CCO) Stock Forecast & Price Target

C$75.48 -0.64 (-0.84%)

(As of 12/20/2024 05:17 PM ET)

Cameco - Analysts' Recommendations and Stock Price Forecast (2025)

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 11 Analyst Ratings

Sell
0

Hold
0

Buy
11

Based on 11 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 11 analysts, 7 have given a buy rating, and 4 have given a strong buy rating for CCO.

Consensus Price Target

C$84.30
11.69% Upside

According to the 11 analysts' twelve-month price targets for Cameco, the average price target is C$84.30. The highest price target for CCO is C$90.00, while the lowest price target for CCO is C$78.00. The average price target represents a forecasted upside of 11.69% from the current price of C$75.48.

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CCO Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	4 Strong Buy rating(s)	4 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	6 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$84.30	C$83.50	C$77.20	C$65.20
Forecasted Upside	11.69% Upside	-1.86% Downside	28.18% Upside	12.65% 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	3.36	2.82
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent CCO News	Positive 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
11/22/2024	Raymond James 4 of 5 stars		Boost Target		C$81.00 ➝ C$88.00	+6.06%
11/21/2024	Royal Bank of Canada 4 of 5 stars		Boost Target		C$75.00 ➝ C$90.00	+8.00%
11/19/2024	Scotiabank 5 of 5 stars		Boost Target		C$80.00 ➝ C$86.00	+6.79%
11/8/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$78.00 ➝ C$84.00	+15.81%
11/8/2024	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$80.00 ➝ C$90.00	+24.09%
11/8/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$85.00 ➝ C$87.00	+19.95%
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10/4/2024	Janney Montgomery Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Meric Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/24/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$75.00 ➝ C$78.00	+24.30%
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
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
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:45 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 Friday, December 13, 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.:

The current stock price of Cameco Co. is C$80.22, reflecting a strong market position and investor confidence.
Recent upgrades from multiple analysts, including a price target increase to C$90.00, indicate positive growth expectations for the company.
Cameco Co. has announced an increase in its annual dividend from $0.12 to $0.16, which represents a yield of 0.22%. This is a sign of financial health and commitment to returning value to shareholders.
The company has a solid quick ratio of 3.74, indicating strong short-term liquidity, which means it can easily cover its short-term liabilities.
With a market capitalization of C$34.91 billion, Cameco Co. is positioned as a significant player in the uranium sector, which is expected to grow due to increasing energy demands.

Cameco
Bear Case

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

The stock has a high P/E ratio of 136.44, suggesting that it may be overvalued compared to its earnings, which could deter value-focused investors.
Despite recent positive developments, the company has a debt-to-equity ratio of 25.39, indicating a reliance on debt financing that could pose risks in a volatile market.
Insider selling activity, such as the recent sale of 14,062 shares by a senior officer, may raise concerns about the company's future prospects from those within the organization.
The stock has experienced significant fluctuations, with a twelve-month low of C$48.71 and a high of C$81.12, indicating potential volatility that could affect investor returns.
Analysts have mixed opinions, with some maintaining a "hold" rating, which may suggest uncertainty about the stock's future performance.

CCO Forecast - Frequently Asked Questions

: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is C$84.30, with a high forecast of C$90.00 and a low forecast of C$78.00.
: 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 7 buy ratings and 4 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CCO shares.
: According to analysts, Cameco's stock has a predicted upside of 11.69% based on their 12-month stock forecasts.
: Over the previous 90 days, Cameco's stock had 1 upgrade by analysts.
: Cameco has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, Eight Capital, Janney Montgomery Scott, National Bankshares, Raymond James, Royal Bank of Canada, 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.

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This page (TSE:CCO) was last updated on 12/21/2024 by MarketBeat.com Staff

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Cameco (CCO) Stock Forecast & Price Target