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Cameco (CCJ) Stock Forecast, Price Target & Predictions

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CCJ Stock Forecast

Cameco stock forecast is as follows: an average price target of $38.49 (represents a -26.60% downside from CCJ’s last price of $52.44) and a rating consensus of 'Buy', based on 8 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 8 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $30.24. This represents a potential -26.60% downside from CCJ's last price of $52.44.

CCJ Analyst Ratings

Buy

According to 8 Wall Street analysts, Cameco's rating consensus is 'Buy'. The analyst rating breakdown for CCJ stock is 0 'Strong Buy' (0.00%), 8 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Cameco Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Apr 01, 2024Neil MehtaGoldman Sachs$55.00$43.3226.96%4.88%
Nov 01, 2021Orest WowkodawScotiabank$30.24$25.0720.62%-42.34%
Sep 01, 2021Gordon JohnsonGLJ Research$30.24$19.1158.23%-42.34%

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 4.88% increase from CCJ last price ($52.44).

Cameco Price Target by Period

1M3M12M
# Anlaysts--1
Avg Price Target--$55.00
Last Closing Price$52.44$52.44$52.44
Upside/Downside-100.00%-100.00%4.88%

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 $52.44. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 24, 2024National BankOutperformOutperformHold
Oct 04, 2024Janney MontgomeryBuyInitialise
Sep 03, 2024National BankOutperformInitialise
Aug 19, 2024ScotiabankOutperformOutperformHold
Aug 14, 2024Goldman SachsBuyBuyHold
Jul 31, 2024Cantor FitzgeraldBuyUpgrade
Jul 15, 2024ScotiabankOutperformOutperformHold
May 30, 2024ScotiabankOutperformOutperformHold
May 02, 2024RBC CapitalOutperformOutperformHold
Apr 17, 2024CIBCOutperformOutperformHold
Apr 09, 2024ScotiabankOutperformOutperformHold
Apr 01, 2024Goldman SachsBuyInitialise
Mar 31, 2022BMO CapitalOutperformUpgrade

Cameco's last stock rating was published by National Bank on Oct 24, 2024. The company gave CCJ a "Outperform" rating, the same as its previous rate.

Cameco Financial Forecast

Cameco Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue-----------------------$686.98M$523.73M$388.66M$557.58M$398.04M$464.55M$361.22M
Avg Forecast$564.88M$564.88M$564.88M$564.88M$558.75M$558.75M$558.75M$558.75M$550.40M$551.29M$552.18M$553.08M$530.11M$548.18M$575.43M$614.60M$763.19M$570.62M$548.36M$582.94M$611.11M$488.38M$355.27M$517.44M$329.21M$366.75M$471.53M$401.39M$463.29M$423.70M
High Forecast$600.34M$600.34M$600.34M$600.34M$593.83M$593.83M$593.83M$593.83M$584.96M$585.90M$586.85M$587.80M$563.39M$582.60M$611.56M$629.57M$811.11M$606.45M$582.79M$619.54M$649.48M$519.05M$377.57M$549.93M$349.88M$366.75M$471.53M$401.39M$463.29M$423.70M
Low Forecast$532.14M$532.14M$532.14M$532.14M$526.37M$526.37M$526.37M$526.37M$518.51M$519.34M$520.18M$521.03M$499.39M$516.42M$542.09M$599.63M$718.97M$537.56M$516.59M$549.16M$575.70M$460.08M$334.68M$487.46M$310.13M$366.75M$471.53M$401.39M$463.29M$423.70M
# Analysts111111111111111221111111111111
Surprise %-----------------------1.33%1.59%1.06%1.18%0.99%1.00%0.85%

Cameco's average Quarter revenue forecast for Jun 23 based on 1 analysts is $355.27M, with a low forecast of $334.68M, and a high forecast of $377.57M. CCJ's average Quarter revenue forecast represents a -48.29% decrease compared to the company's last Quarter revenue of $686.98M (Mar 23).

Cameco EBITDA Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221111111111111
EBITDA-----------------------$251.27M$3.61M$43.38M$172.37M$88.38M$85.65M$-8.63M
Avg Forecast$103.57M$103.57M$103.57M$103.57M$102.45M$102.45M$102.45M$102.45M$100.92M$101.08M$101.25M$101.41M$97.20M$100.51M$105.51M$112.69M$139.94M$104.63M$100.55M$403.44M$112.05M$89.55M$65.14M$430.07M$60.36M$58.24M$74.88M$63.74M$73.57M$67.28M
High Forecast$110.08M$110.08M$110.08M$110.08M$108.88M$108.88M$108.88M$108.88M$107.26M$107.43M$107.60M$107.78M$103.30M$106.82M$112.13M$115.44M$148.72M$111.20M$106.86M$484.13M$119.09M$95.17M$69.23M$516.08M$64.15M$58.24M$74.88M$63.74M$73.57M$67.28M
Low Forecast$97.57M$97.57M$97.57M$97.57M$96.51M$96.51M$96.51M$96.51M$95.07M$95.23M$95.38M$95.53M$91.57M$94.69M$99.40M$109.95M$131.83M$98.56M$94.72M$322.76M$105.56M$84.36M$61.37M$344.05M$56.86M$58.24M$74.88M$63.74M$73.57M$67.28M
Surprise %-----------------------0.58%0.06%0.74%2.30%1.39%1.16%-0.13%

1 analysts predict CCJ's average Quarter EBITDA for Jun 23 to be $65.14M, with a high of $69.23M and a low of $61.37M. This is -74.08% lower than Cameco's previous annual EBITDA (Mar 23) of $251.27M.

Cameco Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221111111111111
Net Income-----------------------$118.97M$-15.42M$-19.53M$83.98M$40.35M$11.20M$-72.12M
Avg Forecast$290.61M$289.51M$288.37M$287.31M$270.31M$266.07M$267.21M$263.82M$260.67M$227.93M$213.83M$208.52M$207.09M$163.35M$170.46M$172.06M$133.84M$111.96M$107.67M$172.33M$106.53M$55.77M$54.90M$183.70M$67.20M-$3.06M$181.50M$3.34M$-11.28M
High Forecast$314.33M$313.14M$311.91M$310.76M$292.38M$287.78M$289.02M$285.35M$281.95M$246.53M$231.29M$225.54M$223.99M$176.68M$184.38M$186.10M$193.32M$113.02M$108.38M$206.79M$147.12M$80.56M$59.38M$220.44M$80.64M-$3.06M$217.80M$3.34M$-11.28M
Low Forecast$268.72M$267.70M$266.65M$265.66M$249.95M$246.03M$247.08M$243.94M$241.04M$210.76M$197.73M$192.82M$191.49M$151.04M$157.62M$159.10M$74.36M$110.90M$106.96M$137.86M$65.95M$30.98M$50.76M$146.96M$53.76M-$3.06M$145.20M$3.34M$-11.28M
Surprise %-----------------------0.65%-0.23%-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 $50.76M to $59.38M. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221111111111111
SG&A-----------------------$64.01M$29.26M$61.14M$23.85M$57.78M$37.08M$39.52M
Avg Forecast$47.59M$47.59M$47.59M$47.59M$47.07M$47.07M$47.07M$47.07M$46.37M$46.44M$46.52M$46.59M$44.66M$46.18M$48.48M$51.78M$64.30M$48.07M$46.20M$246.77M$51.48M$41.14M$29.93M$263.05M$221.97M$30.90M$39.73M$259.90M$39.03M$35.70M
High Forecast$50.58M$50.58M$50.58M$50.58M$50.03M$50.03M$50.03M$50.03M$49.28M$49.36M$49.44M$49.52M$47.46M$49.08M$51.52M$53.04M$68.33M$51.09M$49.10M$296.12M$54.72M$43.73M$31.81M$315.66M$266.36M$30.90M$39.73M$311.88M$39.03M$35.70M
Low Forecast$44.83M$44.83M$44.83M$44.83M$44.35M$44.35M$44.35M$44.35M$43.68M$43.75M$43.82M$43.89M$42.07M$43.51M$45.67M$50.52M$60.57M$45.29M$43.52M$197.41M$48.50M$38.76M$28.20M$210.44M$177.58M$30.90M$39.73M$207.92M$39.03M$35.70M
Surprise %-----------------------0.24%0.13%1.98%0.60%0.22%0.95%1.11%

Cameco's average Quarter SG&A projection for Jun 23 is $29.93M, based on 1 Wall Street analysts, with a range of $28.20M to $31.81M. The forecast indicates a -53.24% fall compared to CCJ last annual SG&A of $64.01M (Mar 23).

Cameco EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111111111111111221111111111111
EPS-----------------------$0.27$-0.04$-0.05$0.21$0.10$0.03$-0.18
Avg Forecast$0.67$0.66$0.66$0.66$0.62$0.61$0.61$0.61$0.60$0.52$0.49$0.48$0.48$0.37$0.39$0.39$0.31$0.26$0.25$0.35$0.24$0.13$0.13$0.26$0.05-$0.01$-0.02$0.01$-0.03
High Forecast$0.72$0.72$0.72$0.71$0.67$0.66$0.66$0.65$0.65$0.57$0.53$0.52$0.51$0.41$0.42$0.43$0.44$0.26$0.25$0.35$0.34$0.18$0.14$0.28$0.06-$0.01$-0.02$0.01$-0.03
Low Forecast$0.62$0.61$0.61$0.61$0.57$0.56$0.57$0.56$0.55$0.48$0.45$0.44$0.44$0.35$0.36$0.36$0.17$0.25$0.25$0.35$0.15$0.07$0.12$0.24$0.05-$0.01$-0.02$0.01$-0.03
Surprise %-----------------------1.05%-0.71%-29.93%-6.16%3.66%6.96%

According to 1 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 $0.14. This represents a -53.36% decrease compared to CCJ previous annual EPS of $0.27 (Mar 23).

Cameco Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EUenCore Energy$3.63$7.0092.84%Buy
CCJCameco$53.42$38.49-27.95%Buy

CCJ Forecast FAQ

Is Cameco a good buy?

Yes, according to 8 Wall Street analysts, Cameco (CCJ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 '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 -26.60% from its last price of $52.44. The data is based on 8 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 -26.60% (from the last price of $52.44 to the average price target of $38.49), up by 4.88% based on the highest stock price target, and down by -42.34% based on the lowest stock price target.

Can Cameco stock reach $80?

CCJ's average twelve months analyst stock price target of $38.49 does not support the claim that Cameco can reach $80 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 $2.24B (high $2.38B, low $2.11B), average EBITDA is $409.8M (high $435.53M, low $386.06M), average net income is $1.07B (high $1.15B, low $987M), average SG&A $188.29M (high $200.12M, low $177.38M), and average EPS is $2.45 (high $2.65, low $2.26). CCJ's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $2.26B (high $2.4B, low $2.13B), average EBITDA is $414.3M (high $440.31M, low $390.29M), average net income is $1.16B (high $1.25B, low $1.07B), average SG&A $190.36M (high $202.31M, low $179.33M), and average EPS is $2.65 (high $2.87, low $2.45).

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 $1.57B by 19.07%. Apple's EBITDA was $307.74M, beating the average prediction of $257.22M by 19.64%. The company's net income was $89.38M, missing the average estimation of $251.76M by -64.50%. Apple's SG&A was $172.03M, missing the average forecast of $552.49M by -68.86%. Lastly, the company's EPS was $0.22, beating the average prediction of $0.0456 by 382.89%. In terms of the last quarterly report (Mar 2023), Cameco's revenue was $686.98M, beating the average analysts' forecast of $517.44M by 32.76%. 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%