National Bank Financial Predicts Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Research analysts at National Bank Financial lowered their FY2025 EPS estimates for shares of Cameco in a research report issued to clients and investors on Thursday, November 7th. National Bank Financial analyst M. Sidibe now expects that the basic materials company will earn $1.15 per share for the year, down from their previous estimate of $1.22. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Cameco's current full-year earnings is $0.83 per share. National Bank Financial also issued estimates for Cameco's FY2026 earnings at $1.28 EPS and FY2027 earnings at $1.65 EPS.

A number of other equities research analysts have also recently commented on CCJ. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Glj Research reiterated a "buy" rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $66.56.

Cameco Stock Down 0.9 %

NYSE:CCJ traded down $0.46 during midday trading on Monday, reaching $52.08. 3,120,406 shares of the stock traded hands, compared to its average volume of 4,406,649. Cameco has a 12-month low of $35.43 and a 12-month high of $58.72. The business has a 50-day moving average of $48.27 and a two-hundred day moving average of $48.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The stock has a market capitalization of $22.66 billion, a PE ratio of 273.58 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (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 for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the business posted $0.24 earnings per share. Cameco's revenue for the quarter was up 25.4% on a year-over-year basis.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be given a $0.118 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Cameco's previous annual dividend of $0.09. This represents a dividend yield of 0.22%. Cameco's dividend payout ratio is currently 57.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company's stock worth $27,000 after acquiring an additional 238 shares during the period. LRI Investments LLC purchased a new position in Cameco during the 1st quarter valued at about $26,000. First Horizon Advisors Inc. increased its holdings in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 351 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company's stock worth $46,000 after buying an additional 550 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Cameco by 68.8% during the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after buying an additional 642 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

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.