Scotiabank Has Optimistic Outlook of Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Stock analysts at Scotiabank lifted their FY2025 earnings per share estimates for shares of Cameco in a research note issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will post earnings of $0.86 per share for the year, up from their previous estimate of $0.82. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Scotiabank also issued estimates for Cameco’s FY2026 earnings at $1.17 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and an average target price of $73.64.

Cameco Stock Down 0.5 %

Shares of NYSE:CCJ opened at $44.62 on Friday. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 159.34 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business’s 50-day moving average is $47.03 and its 200-day moving average is $50.10. Cameco has a 1 year low of $35.43 and a 1 year high of $62.55.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCJ. Norges Bank bought a new stake in Cameco during the 4th quarter worth approximately $188,595,000. FMR LLC increased its holdings in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock worth $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. Finally, AGF Management Ltd. increased its holdings in Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.