National Bank Financial Predicts Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Equities researchers at National Bank Financial reduced their FY2025 EPS estimates for Cameco in a research report issued on Monday, January 27th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $1.07 per share for the year, down from their prior forecast of $1.18. The consensus estimate for Cameco's current full-year earnings is $0.47 per share. National Bank Financial also issued estimates for Cameco's FY2027 earnings at $1.57 EPS.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $721.00 million during the quarter, compared to analysts' expectations of $646.83 million. During the same period in the previous year, the company posted $0.24 earnings per share. Cameco's quarterly revenue was up 25.4% on a year-over-year basis.

Separately, Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of "Buy" and an average price target of $66.56.

Cameco Stock Performance

Shares of Cameco stock traded up $0.15 on Thursday, reaching $50.22. 5,210,177 shares of the stock were exchanged, compared to its average volume of 5,026,315. The firm has a market capitalization of $21.86 billion, a PE ratio of 264.32 and a beta of 0.95. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55. The business has a fifty day moving average price of $54.20 and a two-hundred day moving average price of $49.33. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Hedge Funds Weigh In On Cameco

Hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Cameco by 71.5% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after buying an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new position in Cameco during the 3rd quarter valued at about $33,000. First Horizon Advisors Inc. raised its position in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after acquiring an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco in the third quarter valued at about $38,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $0.118 dividend. This is an increase from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. Cameco's dividend payout ratio (DPR) is presently 63.16%.

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.