Q2 Earnings Estimate for Cameco Issued By Desjardins

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Analysts at Desjardins issued their Q2 2025 earnings per share (EPS) estimates for shares of Cameco in a research note issued to investors on Thursday, July 17th. Desjardins analyst B. Adams forecasts that the basic materials company will post earnings per share of $0.32 for the quarter. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

CCJ has been the subject of several other research reports. The Goldman Sachs Group lifted their price objective on Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. UBS Group reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Glj Research restated a “buy” rating and issued a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Royal Bank Of Canada upped their target price on shares of Cameco from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, June 20th. Finally, Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Wednesday, June 18th. 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 stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average target price of $80.65.

Cameco Trading Up 1.4%

Shares of Cameco stock opened at $78.98 on Friday. Cameco has a 12-month low of $35.00 and a 12-month high of $80.05. The stock has a market capitalization of $34.38 billion, a P/E ratio of 197.45 and a beta of 1.03. The company has a 50-day simple moving average of $65.38 and a 200 day simple moving average of $52.53. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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 return on equity of 4.47% and a net margin of 7.50%. The company had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s revenue was up 24.4% compared to the same quarter last year.

Hedge Funds Weigh In On Cameco

Several institutional investors and hedge funds have recently modified their holdings of CCJ. BOCHK Asset Management Ltd bought a new position in Cameco in the second quarter valued at approximately $787,000. Vigilare Wealth Management acquired a new stake in shares of Cameco in the 2nd quarter valued at about $918,000. Trust Co. of Vermont lifted its holdings in shares of Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Cameco in the second quarter valued at about $520,000. Finally, Union Bancaire Privee UBP SA boosted its position in shares of Cameco by 114.0% during the second quarter. Union Bancaire Privee UBP SA now owns 17,404 shares of the basic materials company’s stock worth $1,292,000 after buying an additional 9,270 shares during the period. 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.