Desjardins Comments on Cameco’s FY2025 Earnings (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Stock analysts at Desjardins dropped their FY2025 earnings per share estimates for shares of Cameco in a research report issued to clients and investors on Wednesday, November 5th. Desjardins analyst B. Adams now anticipates that the basic materials company will earn $0.77 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. Desjardins also issued estimates for Cameco’s FY2027 earnings at $1.66 EPS.

A number of other brokerages also recently commented on CCJ. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cameco in a report on Wednesday, October 8th. Raymond James Financial upped their price objective on Cameco to $150.00 in a research report on Wednesday, October 29th. UBS Group set a $102.00 target price on Cameco in a report on Tuesday, September 9th. CLSA initiated coverage on Cameco in a research report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 target price on the stock. Finally, TD Securities restated a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of $102.61.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $92.30 on Monday. The firm has a fifty day simple moving average of $86.73 and a two-hundred day simple moving average of $73.63. Cameco has a 52 week low of $35.00 and a 52 week high of $110.15. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $40.19 billion, a P/E ratio of 106.09 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $313.74 million during the quarter, compared to the consensus estimate of $531.72 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be given a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 25.0%. Cameco’s dividend payout ratio is currently 13.95%.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Capital Management LLC grew its stake in Cameco by 100.0% in the 1st 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. Financial Consulate Inc. purchased a new stake in shares of Cameco in the third quarter valued at approximately $25,000. Dagco Inc. bought a new position in Cameco in the first quarter worth approximately $28,000. SVB Wealth LLC bought a new position in Cameco in the first quarter worth approximately $29,000. Finally, Trust Co. of Vermont increased its holdings in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares during the period. 70.21% of the stock is currently owned by institutional investors.

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.