Cameco (CCO) Stock Forecast & Price Target

C$71.87 -0.96 (-1.32%)

As of 01/31/2025 04:22 PM Eastern

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 9 Analyst Ratings

Sell
0

Hold
0

Buy
9

Based on 9 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 9 analysts, 5 have given a buy rating, and 4 have given a strong buy rating for CCO.

Consensus Price Target

C$84.30
17.30% Upside

According to the 9 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 17.30% from the current price of C$71.87.

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CCO Analyst Ratings Over Time

Type	Current Forecast 2/2/24 to 2/1/25	1 Month Ago 1/3/24 to 1/2/25	3 Months Ago 11/4/23 to 11/3/24	1 Year Ago 2/2/23 to 2/2/24
Strong Buy	4 Strong Buy rating(s)	4 Strong Buy rating(s)	4 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	5 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$84.30	C$78.60	C$66.50
Forecasted Upside	17.30% Upside	12.27% Upside	7.25% Upside	0.85% Upside
Consensus Rating	Buy	Buy	Buy	Buy

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	3.44	2.84
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive 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%
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
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%
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 10:32 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 Tuesday, January 28, 2025. 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 stock recently crossed above its 200-day moving average, indicating a potential upward trend in price, which is often seen as a bullish signal for investors.
Cameco Co. has received multiple upgrades from analysts, with price targets raised significantly, suggesting strong future performance. For instance, BMO Capital Markets increased their target from C$78.00 to C$84.00.
The current stock price is C$74.29, which is close to recent highs, reflecting positive market sentiment and potential for further gains.
The company has a solid market capitalization of C$35.26 billion, indicating a stable financial position and the ability to invest in growth opportunities.
Cameco Co. has recently increased its annual dividend from $0.12 to $0.16 per share, demonstrating a commitment to returning value to shareholders and potentially attracting income-focused investors.

Cameco
Bear Case

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

Analysts at Raymond James have issued a pessimistic outlook, reducing their earnings per share estimates for Q1 2025, which may indicate concerns about the company's short-term profitability.
The company reported a loss of C($0.01) earnings per share in its latest earnings release, missing the consensus estimate, which could raise red flags about its financial health.
Cameco Co. has a high price-to-earnings (P/E) ratio of 137.32, suggesting that the stock may be overvalued compared to its earnings, which could deter value investors.
Despite recent upgrades, the stock has a history of volatility, with a beta of 0.90, indicating that it may be subject to larger price swings compared to the market.
Insider selling activity, such as the recent sale of 13,400 shares by a senior officer, could signal a lack of confidence in the company's future performance from those within the organization.

CCO Forecast - Frequently Asked Questions

: According to the research reports of 9 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.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 5 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 17.30% based on their 12-month stock forecasts.
: Cameco has been rated by research analysts at BMO Capital Markets, Eight Capital, 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 2/1/2025 by MarketBeat.com Staff

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Cameco (CCO) Stock Forecast & Price Target