Cameco (CCJ) Stock Forecast, Price Target & Predictions
CCJ Stock Forecast
Cameco stock forecast is as follows: an average price target of $38.49 (represents a -4.56% downside from CCJ’s last price of $40.33) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CCJ Price Target
The average price target for Cameco (CCJ) is $38.49 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $30.24. This represents a potential -4.56% downside from CCJ's last price of $40.33.
CCJ Analyst Ratings
According to 7 Wall Street analysts, Cameco's rating consensus is 'Buy'. The analyst rating breakdown for CCJ stock is 0 'Strong Buy' (0.00%), 7 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Cameco Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Apr 01, 2024 | Neil Mehta | Goldman Sachs | $55.00 | $43.32 | 26.96% | 36.37% |
| Nov 01, 2021 | Orest Wowkodaw | Scotiabank | $30.24 | $25.07 | 20.62% | -25.02% |
| Sep 01, 2021 | Gordon Johnson | GLJ Research | $30.24 | $19.11 | 58.23% | -25.02% |
The latest Cameco stock forecast, released on Apr 01, 2024 by Neil Mehta from Goldman Sachs, set a price target of $55.00, which represents a 26.96% increase from the stock price at the time of the forecast ($43.32), and a 36.37% increase from CCJ last price ($40.33).
Cameco Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $55.00 |
| Last Closing Price | $40.33 | $40.33 | $40.33 |
| Upside/Downside | -100.00% | -100.00% | 36.37% |
In the current month, the average price target of Cameco stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cameco's last price of $40.33. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 03, 2024 | National Bank | - | Outperform | Initialise |
| Aug 19, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 14, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jul 31, 2024 | Cantor Fitzgerald | - | Buy | Upgrade |
| Jul 15, 2024 | Scotiabank | Outperform | Outperform | Hold |
| May 30, 2024 | Scotiabank | Outperform | Outperform | Hold |
| May 02, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Apr 17, 2024 | CIBC | Outperform | Outperform | Hold |
| Apr 09, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Apr 01, 2024 | Goldman Sachs | - | Buy | Initialise |
Cameco's last stock rating was published by National Bank on Sep 03, 2024. The company Initialise its CCJ rating from "null" to "Outperform".
Cameco Financial Forecast
Cameco Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $686.98M | $523.73M | $388.66M | $557.58M | $398.04M | $464.55M | $361.22M |
| Avg Forecast | $790.64M | $790.64M | $790.64M | $790.64M | $782.06M | $782.06M | $782.06M | $782.06M | $779.95M | $781.21M | $782.47M | $783.74M | $899.11M | $872.79M | $874.69M | $880.63M | $984.19M | $799.90M | $749.96M | $791.05M | $810.02M | $661.38M | $470.64M | $699.85M | $442.34M | $366.75M | $471.53M | $401.39M | $463.29M | $423.70M |
| High Forecast | $810.53M | $810.53M | $810.53M | $810.53M | $801.74M | $801.74M | $801.74M | $801.74M | $799.57M | $800.86M | $802.16M | $803.46M | $921.74M | $894.75M | $896.70M | $902.78M | $1.01B | $820.03M | $768.82M | $810.95M | $830.40M | $678.02M | $482.49M | $717.46M | $453.47M | $375.98M | $483.40M | $411.50M | $474.95M | $434.37M |
| Low Forecast | $770.75M | $770.75M | $770.75M | $770.75M | $762.39M | $762.39M | $762.39M | $762.39M | $760.33M | $761.55M | $762.79M | $764.02M | $876.49M | $850.84M | $852.69M | $858.47M | $959.43M | $779.78M | $731.09M | $771.15M | $789.64M | $644.74M | $458.80M | $682.25M | $431.21M | $357.52M | $459.67M | $391.29M | $451.63M | $413.04M |
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | - | 1 | - | - | - | - | - | - | - | - |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.18% | 1.06% | 1.18% | 0.99% | 1.00% | 0.85% |
Cameco's average Quarter revenue forecast for Jun 23 based on 0 analysts is $470.64M, with a low forecast of $458.80M, and a high forecast of $482.49M. CCJ's average Quarter revenue forecast represents a -31.49% decrease compared to the company's last Quarter revenue of $686.98M (Mar 23).
Cameco EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | - | 1 | - | - | - | - | - | - | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $251.27M | $3.61M | $43.38M | $172.37M | $88.38M | $85.65M | $-8.63M |
| Avg Forecast | $125.55M | $125.55M | $125.55M | $125.55M | $124.19M | $124.19M | $124.19M | $124.19M | $123.85M | $124.06M | $124.26M | $124.46M | $142.78M | $138.60M | $138.90M | $139.84M | $156.29M | $127.02M | $119.09M | $403.44M | $128.63M | $105.03M | $74.74M | $430.07M | $70.24M | $-16.60M | $74.88M | $63.74M | $73.57M | $67.28M |
| High Forecast | $128.71M | $128.71M | $128.71M | $128.71M | $127.32M | $127.32M | $127.32M | $127.32M | $126.97M | $127.18M | $127.38M | $127.59M | $146.37M | $142.09M | $142.39M | $143.36M | $160.22M | $130.22M | $122.09M | $484.13M | $131.87M | $107.67M | $76.62M | $516.08M | $72.01M | $-13.28M | $76.76M | $65.35M | $75.42M | $68.98M |
| Low Forecast | $122.39M | $122.39M | $122.39M | $122.39M | $121.07M | $121.07M | $121.07M | $121.07M | $120.74M | $120.93M | $121.13M | $121.33M | $139.19M | $135.11M | $135.41M | $136.32M | $152.36M | $123.83M | $116.10M | $322.76M | $125.39M | $102.38M | $72.86M | $344.05M | $68.48M | $-19.92M | $73.00M | $62.14M | $71.72M | $65.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.58% | 0.05% | -2.61% | 2.30% | 1.39% | 1.16% | -0.13% |
0 analysts predict CCJ's average Quarter EBITDA for Jun 23 to be $74.74M, with a high of $76.62M and a low of $72.86M. This is -70.26% lower than Cameco's previous annual EBITDA (Mar 23) of $251.27M.
Cameco Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | - | 1 | - | - | - | - | - | - | - | - |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $118.97M | $-15.42M | $-19.53M | $83.98M | $40.35M | $11.20M | $-72.12M |
| Avg Forecast | $288.45M | $287.34M | $286.22M | $285.20M | $268.53M | $264.38M | $265.41M | $262.36M | $280.61M | $243.58M | $230.43M | $224.33M | $221.57M | $165.93M | $161.76M | $164.37M | $153.61M | $119.76M | $107.67M | $172.33M | $106.53M | $55.77M | $54.90M | $183.70M | $23.88M | $-138.65M | $3.06M | $181.50M | $3.34M | $-11.28M |
| High Forecast | $297.89M | $296.74M | $295.58M | $294.52M | $277.32M | $273.02M | $274.09M | $270.94M | $289.79M | $251.54M | $237.97M | $231.66M | $228.81M | $171.36M | $167.05M | $169.74M | $158.63M | $123.68M | $111.19M | $206.79M | $147.12M | $80.56M | $56.69M | $220.44M | $24.66M | $-110.92M | $3.16M | $217.80M | $3.45M | $-10.91M |
| Low Forecast | $279.02M | $277.94M | $276.86M | $275.87M | $259.75M | $255.73M | $256.73M | $253.79M | $271.44M | $235.61M | $222.89M | $216.99M | $214.32M | $160.50M | $156.47M | $158.99M | $148.59M | $115.85M | $104.15M | $137.86M | $65.95M | $30.98M | $53.10M | $146.96M | $23.10M | $-166.38M | $2.96M | $145.20M | $3.23M | $-11.65M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.65% | -0.65% | 0.14% | 27.46% | 0.22% | 3.35% | 6.40% |
Cameco's average Quarter net income forecast for Jun 23 is $54.90M, with a range of $53.10M to $56.69M. CCJ's average Quarter net income forecast represents a -53.86% decrease compared to the company's last Quarter net income of $118.97M (Mar 23).
Cameco SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | - | 1 | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $64.01M | $29.26M | $61.14M | $23.85M | $57.78M | $37.08M | $39.52M |
| Avg Forecast | $66.61M | $66.61M | $66.61M | $66.61M | $65.89M | $65.89M | $65.89M | $65.89M | $65.71M | $65.81M | $65.92M | $66.03M | $75.75M | $73.53M | $73.69M | $74.19M | $82.92M | $67.39M | $63.18M | $246.77M | $68.24M | $55.72M | $39.65M | $263.05M | $37.27M | $75.98M | $39.73M | $259.90M | $39.03M | $35.70M |
| High Forecast | $68.28M | $68.28M | $68.28M | $68.28M | $67.54M | $67.54M | $67.54M | $67.54M | $67.36M | $67.47M | $67.58M | $67.69M | $77.65M | $75.38M | $75.54M | $76.06M | $85.00M | $69.08M | $64.77M | $296.12M | $69.96M | $57.12M | $40.65M | $315.66M | $38.20M | $91.18M | $40.73M | $311.88M | $40.01M | $36.59M |
| Low Forecast | $64.93M | $64.93M | $64.93M | $64.93M | $64.23M | $64.23M | $64.23M | $64.23M | $64.06M | $64.16M | $64.26M | $64.37M | $73.84M | $71.68M | $71.84M | $72.32M | $80.83M | $65.69M | $61.59M | $197.41M | $66.53M | $54.32M | $38.65M | $210.44M | $36.33M | $60.79M | $38.73M | $207.92M | $38.05M | $34.80M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.24% | 0.79% | 0.80% | 0.60% | 0.22% | 0.95% | 1.11% |
Cameco's average Quarter SG&A projection for Jun 23 is $39.65M, based on 0 Wall Street analysts, with a range of $38.65M to $40.65M. The forecast indicates a -38.06% fall compared to CCJ last annual SG&A of $64.01M (Mar 23).
Cameco EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | - | - | 1 | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.27 | $-0.04 | $-0.05 | $0.21 | $0.10 | $0.03 | $-0.18 |
| Avg Forecast | $0.66 | $0.66 | $0.66 | $0.65 | $0.62 | $0.61 | $0.61 | $0.60 | $0.64 | $0.56 | $0.53 | $0.51 | $0.51 | $0.38 | $0.37 | $0.38 | $0.35 | $0.27 | $0.25 | $0.35 | $0.24 | $0.13 | $0.13 | $0.26 | $0.05 | $-0.06 | $0.01 | $-0.02 | $0.01 | $-0.03 |
| High Forecast | $0.68 | $0.68 | $0.68 | $0.68 | $0.64 | $0.63 | $0.63 | $0.62 | $0.66 | $0.58 | $0.55 | $0.53 | $0.52 | $0.39 | $0.38 | $0.39 | $0.36 | $0.28 | $0.26 | $0.36 | $0.34 | $0.18 | $0.13 | $0.27 | $0.06 | $-0.06 | $0.01 | $-0.02 | $0.01 | $-0.03 |
| Low Forecast | $0.64 | $0.64 | $0.64 | $0.63 | $0.60 | $0.59 | $0.59 | $0.58 | $0.62 | $0.54 | $0.51 | $0.50 | $0.49 | $0.37 | $0.36 | $0.36 | $0.34 | $0.27 | $0.24 | $0.34 | $0.15 | $0.07 | $0.12 | $0.25 | $0.05 | $-0.07 | $0.01 | $-0.02 | $0.01 | $-0.03 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | -0.71% | 0.78% | 29.93% | -6.16% | 3.66% | 6.96% |
According to 0 Wall Street analysts, Cameco's projected average Quarter EPS for Jun 23 is $0.13, with a low estimate of $0.12 and a high estimate of $0.13. This represents a -53.36% decrease compared to CCJ previous annual EPS of $0.27 (Mar 23).
Cameco Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EU | enCore Energy | $3.63 | $7.00 | 92.84% | Buy |
| CCJ | Cameco | $40.33 | $38.49 | -4.56% | Buy |
CCJ Forecast FAQ
Is Cameco a good buy?
Yes, according to 7 Wall Street analysts, Cameco (CCJ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 100.00% of CCJ's total ratings.
What is CCJ's price target?
Cameco (CCJ) average price target is $38.49 with a range of $30.24 to $55, implying a -4.56% from its last price of $40.33. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Cameco stock go up soon?
According to Wall Street analysts' prediction for CCJ stock, the company can go down by -4.56% (from the last price of $40.33 to the average price target of $38.49), up by 36.37% based on the highest stock price target, and down by -25.02% based on the lowest stock price target.
Can Cameco stock reach $60?
CCJ's average twelve months analyst stock price target of $38.49 does not support the claim that Cameco can reach $60 in the near future.
What are Cameco's analysts' financial forecasts?
Cameco's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $3.13B (high $3.21B, low $3.05B), average EBITDA is $496.76M (high $509.26M, low $484.27M), average net income is $1.06B (high $1.1B, low $1.03B), average SG&A $263.55M (high $270.18M, low $256.92M), and average EPS is $2.43 (high $2.51, low $2.35). CCJ's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $3.16B (high $3.24B, low $3.08B), average EBITDA is $502.21M (high $514.84M, low $489.57M), average net income is $1.15B (high $1.18B, low $1.11B), average SG&A $266.44M (high $273.14M, low $259.73M), and average EPS is $2.63 (high $2.72, low $2.55).
Did the CCJ's actual financial results beat the analysts' financial forecasts?
Based on Cameco's last annual report (Dec 2022), the company's revenue was $1.87B, beating the average analysts forecast of $1.68B by 11.06%. Apple's EBITDA was $307.74M, beating the average prediction of $192.26M by 60.06%. The company's net income was $89.38M, beating the average estimation of $69.79M by 28.08%. Apple's SG&A was $172.03M, missing the average forecast of $412.88M by -58.33%. Lastly, the company's EPS was $0.22, missing the average prediction of $-0.017 by -1392.27%. In terms of the last quarterly report (Mar 2023), Cameco's revenue was $686.98M, missing the average analysts' forecast of $699.85M by -1.84%. The company's EBITDA was $251.27M, missing the average prediction of $430.07M by -41.57%. Cameco's net income was $118.97M, missing the average estimation of $183.7M by -35.24%. The company's SG&A was $64.01M, missing the average forecast of $263.05M by -75.67%. Lastly, the company's EPS was $0.27, beating the average prediction of $0.258 by 4.51%