Scotiabank Issues Pessimistic Estimate for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Investment analysts at Scotiabank dropped their FY2027 earnings per share estimates for shares of Cameco in a report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $2.01 for the year, down from their previous estimate of $2.03. Scotiabank has a “Outperform” rating and a $150.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Sanford C. Bernstein increased their target price on Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Royal Bank Of Canada increased their price objective on Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. William Blair upgraded Cameco to a “strong-buy” rating in a report on Monday. Finally, Canadian Imperial Bank of Commerce increased their price objective on Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$174.85.

Cameco Stock Down 5.5%

Shares of TSE CCO opened at C$159.43 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 3.74 and a debt-to-equity ratio of 14.82. The stock has a market capitalization of C$69.44 billion, a PE ratio of 118.10, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The stock’s fifty day simple moving average is C$156.74 and its two-hundred day simple moving average is C$143.26. Cameco has a 12-month low of C$55.24 and a 12-month high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. The business had revenue of C$1.20 billion for the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.