Raymond James Issues Pessimistic Outlook for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Equities researchers at Raymond James cut their Q1 2025 earnings estimates for shares of Cameco in a research note issued to investors on Thursday, January 2nd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.47. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.48 EPS and FY2025 earnings at $2.06 EPS.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada boosted their price target on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Canaccord Genuity Group boosted their target price on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. National Bankshares raised their price target on Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Eight Capital lifted their price target on Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Seven equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of C$84.30.

Cameco Stock Down 5.7 %

Shares of TSE CCO opened at C$74.11 on Monday. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm has a 50-day moving average price of C$77.68 and a 200 day moving average price of C$68.34. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The stock has a market capitalization of C$32.25 billion, a price-to-earnings ratio of 125.61, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Insider Activity at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of Cameco stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. In the last 90 days, insiders have sold 80,962 shares of company stock worth $6,800,456. 0.15% of the stock is currently owned by corporate insiders.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.16 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is currently 20.34%.

About Cameco

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.