Scotiabank Has Positive Outlook of Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Stock analysts at Scotiabank boosted their FY2025 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 post earnings per share of $0.86 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.

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

Cameco Price Performance

NYSE:CCJ opened at $44.86 on Friday. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $19.53 billion, a P/E ratio of 160.21 and a beta of 1.04. The business’s 50-day moving average price is $47.13 and its 200 day moving average price is $49.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $845.54 million for 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%.

Institutional Investors Weigh In On Cameco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Cameco during the fourth quarter valued at $188,595,000. FMR LLC raised its stake in shares of Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC grew 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 buying an additional 1,225,966 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Cameco by 13.5% in 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, AGF Management Ltd. raised its position in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after acquiring an additional 1,193,266 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.