Cameco’s consensus revenue growth forecast has markedly increased from 2.6% to 3.4% per annum, supporting a modest upward revision in the analyst price target from CA$114.75 to CA$116.94.
What's in the News
- Cameco finalized a multi-year agreement to supply natural uranium hexafluoride (UF6) to Slovenske elektrarne, ensuring a secure uranium source for Slovakia’s Bohunice and Mochovce nuclear plants through 2036 (Key Developments, 2025-09-12).
- Cameco and Orano Canada signed a 15-year, $500 million agreement with Indigenous-owned Rise Air to provide workforce transportation for northern Saskatchewan operations, securing a stable long-term partnership supporting regional economic development (Key Developments, 2025-08-29).
- Second quarter 2025 uranium production dropped to 4.6 million lbs from 7.1 million lbs YoY; six-month production fell to 10.6 million lbs vs 12.9 million lbs; however, fuel services increased to 3.2 million Kgu for the quarter and 7.1 million Kgu for the half year, both above prior-year levels (Key Developments, 2025-07-31).
- Effective September 1, 2025, Heidi Shockey will become chief financial officer as part of Cameco’s ongoing succession planning and strategic execution (Key Developments, 2025-07-31).
- No Cameco-related news was reported in the referenced periodicals; recent media coverage focused on Clear Channel Outdoor, unrelated to Cameco’s operations (Periodicals, 2025-09-22).
Valuation Changes
Summary of Valuation Changes for Cameco
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from CA$114.75 to CA$116.94.
- The Consensus Revenue Growth forecasts for Cameco has significantly risen from 2.6% per annum to 3.4% per annum.
- The Future P/E for Cameco remained effectively unchanged, moving only marginally from 48.70x to 48.25x.
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