Raymond James Issues Pessimistic Outlook for Cameco Earnings

Cameco Co. (TSE:CCO) (NYSE:CCJ) – Analysts at Raymond James cut their Q1 2025 earnings estimates for Cameco in a research report issued to clients and investors on Thursday, January 2nd. Raymond James analyst B. Macarthur now expects that the company will earn $0.32 per share for the quarter, down from their previous estimate of $0.47. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.48 EPS and FY2025 earnings at $2.06 EPS.

Other research analysts have also issued research reports about the company. Eight Capital raised their target price on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Canaccord Genuity Group boosted their price target on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank upped their target price on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Finally, BMO Capital Markets lifted their price target on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Seven investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Price Performance

Shares of TSE CCO opened at C$78.60 on Monday. The stock has a market cap of C$34.21 billion, a price-to-earnings ratio of 133.22, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The firm’s 50-day simple moving average is C$77.64 and its 200 day simple moving average is C$68.28.

Insider Activity

In other Cameco news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of Cameco stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$81.17, for a total transaction of C$121,755.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Insiders have sold a total of 80,962 shares of company stock worth $6,800,456 over the last ninety days. Company insiders own 0.15% of the company’s stock.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $0.16 per share. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. Cameco’s payout ratio is presently 20.34%.

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.