National Bank Financial Cuts Earnings Estimates for Cameco

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities research analysts at National Bank Financial lowered their FY2025 EPS estimates for shares of Cameco in a research report issued to clients and investors on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now expects that the basic materials company will post earnings of $1.02 per share for the year, down from their prior estimate of $1.05. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. During the same period in the previous year, the business earned $0.14 EPS. Cameco’s revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS.

Several other research analysts also recently commented on CCJ. Glj Research reissued a “buy” rating and issued a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. CLSA assumed coverage on shares of Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a report on Friday, August 29th. UBS Group set a $102.00 price target on shares of Cameco in a report on Tuesday, September 9th. Finally, President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $89.55.

Cameco Stock Down 0.2%

Shares of NYSE:CCJ opened at $85.52 on Friday. The firm has a fifty day moving average price of $78.17 and a two-hundred day moving average price of $62.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco has a one year low of $35.00 and a one year high of $89.13. The company has a market cap of $37.23 billion, a price-to-earnings ratio of 98.30 and a beta of 1.04.

Hedge Funds Weigh In On Cameco

A number of large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Cameco in the second quarter valued at about $341,736,000. Alliancebernstein L.P. increased its position in shares of Cameco by 39.3% in the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after acquiring an additional 3,959,837 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of Cameco by 41.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock valued at $524,988,000 after acquiring an additional 2,071,373 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Cameco by 215.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after acquiring an additional 1,387,797 shares during the period. Finally, Temasek Holdings Private Ltd purchased a new position in shares of Cameco in the first quarter valued at about $55,513,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Company Profile

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.