Scotiabank Has Bullish Estimate for Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO - Equities researchers at Scotiabank increased 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 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 - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%.

CCJ has been the subject of several other reports. Stifel Nicolaus assumed coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $73.64.

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Cameco Trading Down 2.8 %

Shares of NYSE:CCJ traded down $1.27 during midday trading on Friday, reaching $44.47. The company had a trading volume of 2,774,197 shares, compared to its average volume of 4,091,457. The company has a fifty day simple moving average of $46.88 and a two-hundred day simple moving average of $50.28. The firm has a market cap of $19.36 billion, a price-to-earnings ratio of 158.82 and a beta of 1.04. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Hedge Funds Weigh In On Cameco

A number of hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Cameco in the fourth quarter worth approximately $188,595,000. FMR LLC boosted its holdings in Cameco by 8.7% in the fourth 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 increased its position in Cameco by 120.2% during the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after buying an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. raised its holdings 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 valued at $518,443,000 after buying an additional 1,196,336 shares in the last quarter. Finally, AGF Management Ltd. lifted its position in shares of Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after buying an additional 1,193,266 shares during the last quarter. Institutional investors and hedge funds 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.