Raymond James Issues Negative Estimate for Cameco Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Raymond James reduced their Q1 2025 earnings per share estimates for shares of Cameco in a note issued to investors on Thursday, February 20th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.16 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Raymond James also issued estimates for Cameco’s Q2 2025 earnings at $0.33 EPS and FY2025 earnings at $1.27 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%.

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Trading Down 0.2 %

Shares of CCJ stock opened at $43.41 on Monday. Cameco has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 155.02 and a beta of 0.94. The firm has a 50-day moving average price of $50.79 and a 200 day moving average price of $49.83. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On Cameco

Several hedge funds have recently modified their holdings of CCJ. Norges Bank purchased a new position in Cameco during the fourth quarter worth approximately $188,595,000. FMR LLC grew its position in Cameco by 8.7% during the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. CIBC Asset Management Inc increased its stake in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. M&G PLC purchased a new position in shares of Cameco in the 3rd quarter worth about $66,227,000. Finally, Driehaus Capital Management LLC lifted its stake in shares of Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock valued at $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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.