Raymond James Has Bullish Forecast for Cameco Q1 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Equities researchers at Raymond James raised their Q1 2025 earnings per share estimates for shares of Cameco in a research note issued on Thursday, November 21st. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.34 per share for the quarter, up from their previous forecast of $0.33. The consensus estimate for Cameco’s current full-year earnings is $0.70 per share. Raymond James also issued estimates for Cameco’s Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.

CCJ has been the subject of a number of other reports. Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank reduced their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Up 0.9 %

Shares of Cameco stock opened at $58.62 on Monday. The firm has a market cap of $25.51 billion, a price-to-earnings ratio of 308.54 and a beta of 0.89. The stock has a 50-day simple moving average of $52.37 and a 200-day simple moving average of $48.75. Cameco has a 52-week low of $35.43 and a 52-week high of $60.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. Cameco’s revenue was up 25.4% on a year-over-year basis.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 47.37%.

Institutional Investors Weigh In On Cameco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares during the period. LRI Investments LLC acquired a new position in shares of Cameco in the first quarter valued at $26,000. Pingora Partners LLC bought a new position in Cameco in the third quarter worth $33,000. First Horizon Advisors Inc. boosted its stake in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after buying an additional 351 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Cameco in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

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.