Desjardins Has Negative Outlook for Cameco FY2025 Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Desjardins decreased their FY2025 EPS estimates for Cameco in a research note issued on Wednesday, October 1st. Desjardins analyst B. Adams now expects that the company will post earnings of $1.46 per share for the year, down from their previous estimate of $1.55. Desjardins has a “Buy” rating and a $110.00 price target on the stock.

Several other equities analysts also recently issued reports on the company. Bank of America boosted their price objective on Cameco from C$110.00 to C$130.00 in a research report on Friday, August 29th. Canaccord Genuity Group increased their price target on Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a research note on Monday, September 22nd. National Bankshares increased their target price on shares of Cameco from C$110.00 to C$115.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. Finally, Scotiabank boosted their price target on shares of Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and a consensus target price of C$113.46.

Cameco Price Performance

Shares of Cameco stock opened at C$117.50 on Friday. Cameco has a one year low of C$49.75 and a one year high of C$123.50. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market cap of C$51.16 billion, a P/E ratio of 96.31, a P/E/G ratio of 2.22 and a beta of 1.13. The stock’s fifty day moving average is C$108.78 and its 200 day moving average is C$88.96.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.