Scotiabank Has Optimistic Outlook of Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Stock analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for Cameco in a research report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will earn $0.86 per share for the year, up from their previous forecast of $0.82. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Scotiabank also issued estimates for Cameco’s FY2026 earnings at $1.17 EPS.

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

A number of other equities analysts have also recently issued reports on the stock. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research increased their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Down 0.5 %

CCJ stock opened at $44.62 on Friday. The firm has a 50-day moving average price of $47.03 and a 200-day moving average price of $50.01. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04.

Institutional Investors Weigh In On Cameco

Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cameco by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company’s stock valued at $865,729,000 after purchasing an additional 190,337 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock worth $862,997,000 after buying an additional 270,102 shares during the period. Alliancebernstein L.P. raised its stake in Cameco by 13.5% during the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Finally, Norges Bank acquired a new position in Cameco in the fourth quarter valued at $188,595,000. 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.