National Bank Financial Forecasts Lower Earnings for Cameco

Cameco Co. (TSE:CCOFree Report) (NYSE:CCJ) – Equities research analysts at National Bank Financial cut their FY2025 EPS estimates for shares of Cameco in a note issued to investors on Monday, January 27th. National Bank Financial analyst M. Sidibe now forecasts that the company will earn $1.55 per share for the year, down from their previous estimate of $1.64. National Bank Financial also issued estimates for Cameco’s FY2027 earnings at $2.27 EPS.

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) last released its quarterly earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same quarter in the prior year, the company earned $0.32 earnings per share.

Several other equities research analysts have also weighed in on the company. BMO Capital Markets lifted their price target on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Raymond James boosted their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Eight Capital increased their price target on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Scotiabank upped their price objective on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Five research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus price target of C$84.30.

Read Our Latest Report on Cameco

Cameco Stock Up 0.8 %

CCO stock opened at C$72.83 on Thursday. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The company has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 123.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business’s 50 day moving average price is C$77.37 and its two-hundred day moving average price is C$68.80. 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 Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.16 dividend. This represents a dividend yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is currently 20.34%.

Insider Activity

In other news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$81.17, for a total value of C$121,755.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Insiders have sold a total of 80,962 shares of company stock worth $6,800,456 over the last 90 days. 0.15% of the stock is currently owned by insiders.

About Cameco

(Get Free Report)

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.

Read More

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.