Cameco FY2025 EPS Boosted by National Bank Financial

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Analysts at National Bank Financial boosted their FY2025 EPS estimates for shares of Cameco in a research report issued to clients and investors on Monday, June 9th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $1.10 per share for the year, up from their previous forecast of $0.89. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue was up 24.4% on a year-over-year basis.

Several other equities research analysts have also recently issued reports on CCJ. Wall Street Zen raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Glj Research reissued a “buy” rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday. The Goldman Sachs Group upped their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $75.63.

Cameco Price Performance

Shares of NYSE:CCJ opened at $66.14 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market cap of $28.79 billion, a PE ratio of 236.21 and a beta of 0.97. Cameco has a one year low of $35.00 and a one year high of $68.12. The business’s fifty day moving average price is $50.11 and its two-hundred day moving average price is $49.51.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter valued at approximately $25,000. Manchester Capital Management LLC increased its position in shares of Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Cameco in the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco during the 4th quarter valued at $28,000. Finally, Dagco Inc. purchased a new stake in Cameco during the 1st quarter worth $28,000. Institutional investors and hedge funds 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.