Scotiabank Comments on Cameco’s FY2025 Earnings (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Research analysts at Scotiabank boosted their FY2025 earnings per share (EPS) estimates for shares of Cameco in a research note issued to investors on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will post earnings of $0.87 per share for the year, up from their prior forecast of $0.86. 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 $1.23 EPS.

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

A number of other research analysts have also recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Glj Research lifted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $70.03.

Cameco Stock Performance

Shares of CCJ opened at $41.12 on Wednesday. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of 146.84 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $42.85 and a 200 day moving average of $49.80. Cameco has a 12 month low of $35.00 and a 12 month high of $62.55.

Institutional Investors Weigh In On Cameco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sierra Ocean LLC purchased a new stake in shares of Cameco during the fourth quarter worth about $25,000. Hurley Capital LLC bought a new position in shares of Cameco during the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the fourth quarter worth about $28,000. Whipplewood Advisors LLC bought a new position in Cameco in the 4th quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc purchased a new stake in shares of Cameco during the fourth quarter valued at $36,000. Institutional investors own 70.21% of the company’s stock.

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.