Scotiabank Has Optimistic Outlook of Cameco FY2025 Earnings

Cameco Co. (TSE:CCO - Free Report) NYSE: CCJ - Equities researchers at Scotiabank upped their FY2025 earnings estimates for Cameco in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $1.23 for the year, up from their prior forecast of $1.18. Scotiabank currently has a "Outperform" rating and a $81.00 price target on the stock. Scotiabank also issued estimates for Cameco's FY2026 earnings at $1.67 EPS.

CCO has been the subject of several other research reports. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. TD Securities reduced their target price on shares of Cameco from C$91.00 to C$90.00 and set a "buy" rating for the company in a report on Friday, February 21st. Six research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$84.80.

Cameco Price Performance

CCO stock traded down C$2.00 during trading hours on Friday, hitting C$63.51. 897,771 shares of the stock traded hands, compared to its average volume of 1,268,876. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The stock has a 50-day simple moving average of C$67.25 and a 200 day simple moving average of C$70.07. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The company has a market cap of C$27.95 billion, a P/E ratio of 239.96, a P/E/G ratio of 2.22 and a beta of 0.90.

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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.