Barclays cuts Cameco stock target from USD 97.00 to USD 95.00

Published on 10/20/2026 at 19:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cameco reports third-quarter results October 30, 2026. Cameco stock costs EUR 71.63 on October 20, 2026, down 1.36 percent versus Tradegate close.

Analyst target and reporting date

Barclays cut its Cameco target from USD 97.00 to USD 95.00 on October 19, 2026.
Cameco's second-quarter 2026 revenue fell 6.80 percent to USD 573.06 million.
Cameco stock costs EUR 71.63 at Lang & Schwarz on October 20, 2026 at 7:36 p.m. CEST, 1.36 percent below the Tradegate close of October 19, 2026.
Cameco is scheduled to report third-quarter results on October 30, 2026.

CCJ, CA13321L1085, Illustration mit AI erstellt.

Cameco Corporation (ISIN CA13321L1085) faces a lower analyst target before its next results. According to Zacks, Barclays cut its target from USD 97.00 to USD 95.00 and kept a Hold rating in a note dated October 19, 2026. The new target is 18.03 percent above the USD 80.49 NYSE quote at 1:39 p.m. EDT on October 20, 2026. Cameco stock was trading at EUR 71.63 at Lang & Schwarz on October 20, 2026 at 7:36 p.m. CEST, down 1.36 percent versus the Tradegate close of October 19, 2026 at EUR 72.62.

Second-quarter revenue fell 6.80 percent

The latest reported quarter adds a clear counterweight to the analyst target. MarketBeat reported that Cameco's second-quarter 2026 revenue fell 6.80 percent year over year to USD 573.06 million. Adjusted earnings were USD 0.13 per share, below the USD 0.26 consensus estimate. The same quarter also produced a net margin of 10.20 percent.

Stock sits 3.59 percent above its low

The NYSE quote places Cameco at USD 80.49, 3.59 percent above its USD 77.70 52-week low and 40.49 percent below its USD 135.24 high as of October 20, 2026. Trading volume stood at 1,216,311 shares at 1:39 p.m. EDT. The market capitalization was USD 35.1 billion, while the price-to-earnings ratio was 138.48.

October 30 brings the next test

Cameco is scheduled to report third-quarter 2026 results on October 30, 2026, according to MetaCap. That date gives investors a defined checkpoint for the revenue decline and the gap between adjusted earnings and consensus. The second-quarter figures came from the period ended June 30, 2026, while the upcoming release will cover the quarter ended September 30, 2026.

Target cut meets a rich valuation

Barclays' revised USD 95.00 target remains above the current NYSE quote, but the 138.48 price-to-earnings ratio leaves little room for a weak earnings update. The combination of a 6.80 percent revenue decline and a scheduled results date makes the October release the next measurable test for the valuation.

Trading remains below the analyst target

Cameco's euro quote was EUR 71.63 at Lang & Schwarz on October 20, 2026 at 7:36 p.m. CEST, 1.36 percent below the Tradegate close of October 19, 2026 at EUR 72.62. On the NYSE, Cameco was last quoted at USD 80.49 on October 20, 2026 at 1:39 p.m. EDT.

The further course of trading is shown by the continuously updated real-time quote of Cameco stock.