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

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Analysts at Scotiabank boosted their FY2025 earnings per share estimates for shares of Cameco in a research report issued to clients and investors on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will earn $0.87 per share for the year, up from their prior estimate 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.

A number of other equities research analysts have also recently commented on the company. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Performance

Shares of Cameco stock opened at $41.31 on Wednesday. The business has a 50-day simple moving average of $43.03 and a 200 day simple moving average of $49.84. Cameco has a one year low of $35.00 and a one year high of $62.55. 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 firm has a market capitalization of $17.98 billion, a price-to-earnings ratio of 147.54 and a beta of 1.04.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Cameco in the 4th quarter worth about $188,595,000. FMR LLC raised its position in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. Driehaus Capital Management LLC boosted its stake in Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock valued at $115,398,000 after acquiring an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. raised its holdings in shares of Cameco by 54.2% in 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 during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.