Cameco Corporation (CCJ)
NYSE: CCJ · IEX Real-Time Price · USD
48.81
+0.05 (0.10%)
Apr 25, 2024, 12:53 PM EDT - Market open
Cameco Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Cameco stock have an average target of 58.21, with a low estimate of 49 and a high estimate of 70. The average target predicts an increase of 19.26% from the current stock price of 48.81.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Cameco stock from 7 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 3 | 4 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $55 | Strong Buy | Initiates | $55 | +12.68% | Apr 1, 2024 |
| TD Securities | TD Securities | Buy Maintains $55 → $70 | Buy | Maintains | $55 → $70 | +43.41% | Oct 3, 2023 |
| GLJ Research | GLJ Research | Strong Buy Maintains $52 → $66 | Strong Buy | Maintains | $52 → $66 | +36.14% | Sep 12, 2023 |
| B of A Securities | B of A Securities | Strong Buy Maintains $50 → $59 | Strong Buy | Maintains | $50 → $59 | +20.88% | Sep 5, 2023 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $50 → $56 | Strong Buy | Maintains | $50 → $56 | +14.73% | Sep 5, 2023 |
Financial Forecast
Revenue This Year
3.01B
from 2.59B
Increased by 16.36%
Revenue Next Year
3.15B
from 3.01B
Increased by 4.75%
EPS This Year
1.43
from 0.83
Increased by 72.19%
EPS Next Year
1.84
from 1.43
Increased by 28.62%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.4B | 3.8B | 4.1B | 3.5B | 3.5B |
| Avg | 3.0B | 3.2B | 3.3B | 3.1B | 3.3B |
| Low | 2.7B | 2.8B | 2.9B | 2.6B | 3.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.1% | 26.4% | 29.1% | 6.8% | 13.7% |
| Avg | 16.4% | 4.7% | 4.6% | -7.5% | 9.4% |
| Low | 5.7% | -6.4% | -8.8% | -20.1% | 6.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.10 | 2.91 | 2.93 | 2.49 | 1.31 |
| Avg | 1.43 | 1.84 | 2.28 | 1.44 | 1.26 |
| Low | 0.79 | 1.13 | 1.67 | 0.47 | 1.23 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 273.2% | 103.5% | 59.4% | 9.3% | -8.9% |
| Avg | 72.2% | 28.6% | 24.1% | -36.8% | -12.3% |
| Low | -4.4% | -21.1% | -9.4% | -79.3% | -14.9% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.