What is Scotiabank’s Forecast for Cameco FY2025 Earnings?

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Analysts at Scotiabank increased their FY2025 earnings per share (EPS) estimates for shares of Cameco in a research note issued to investors on Monday, June 9th. Scotiabank analyst O. Wowkodaw now expects that the basic materials company will earn $1.12 per share for the year, up from their previous forecast of $0.85. Scotiabank has a “Outperform” rating on the stock. 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 $1.18 EPS.

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 the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s quarterly revenue was up 24.4% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen raised Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. 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 Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Glj Research restated a “buy” rating and set a $75.27 price target on shares of Cameco in a research note on Thursday. Finally, Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco currently has an average rating of “Buy” and an average price target of $75.63.

Cameco Trading Down 0.3%

NYSE:CCJ opened at $66.14 on Thursday. The firm has a 50-day simple moving average of $50.11 and a 200-day simple moving average of $49.51. Cameco has a one year low of $35.00 and a one year high of $68.12. The firm has a market cap of $28.79 billion, a P/E ratio of 236.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Hedge Funds Weigh In On Cameco

Several large investors have recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in shares of Cameco during the fourth quarter worth $25,000. Manchester Capital Management LLC boosted its holdings in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 300 shares during the period. Hurley Capital LLC acquired a new position in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the fourth quarter worth about $28,000. Finally, Dagco Inc. acquired a new stake in shares of Cameco during the first quarter worth about $28,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.