Raymond James Financial Predicts Reduced Earnings for Cameco

Cameco Corporation (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James Financial dropped their FY2025 earnings per share (EPS) estimates for shares of Cameco in a research report issued to clients and investors on Wednesday, November 5th. Raymond James Financial analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.95 per share for the year, down from their previous forecast of $1.12. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share.

Several other brokerages have also recently commented on CCJ. TD Securities restated a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. UBS Group set a $102.00 price objective on shares of Cameco in a research note on Tuesday, September 9th. Royal Bank Of Canada upped their target price on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a report on Thursday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $102.61.

Cameco Trading Up 2.3%

CCJ opened at $92.30 on Monday. The stock has a market capitalization of $40.19 billion, a price-to-earnings ratio of 106.09 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco has a twelve month low of $35.00 and a twelve month high of $110.15. The company has a 50-day simple moving average of $86.73 and a 200 day simple moving average of $73.63.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) 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 company had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. During the same period last year, the company posted ($0.01) earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be issued a dividend of $0.24 per share. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 25.0%. Cameco’s dividend payout ratio (DPR) is 13.95%.

Hedge Funds Weigh In On Cameco

Several large investors have recently bought and sold shares of CCJ. MetLife Investment Management LLC bought a new position in Cameco during the 1st quarter worth $2,131,000. TD Asset Management Inc grew its position in shares of Cameco by 3.7% in the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after buying an additional 77,081 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after buying an additional 14,154 shares during the period. Kayne Anderson Capital Advisors LP raised its position in shares of Cameco by 41.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock worth $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of Cameco by 74.7% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after acquiring an additional 20,947 shares during the last quarter. 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.